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Buy to Let existing home and Purchase another to live in.
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ok, thanksFlorayG said:
If that's your child, sibling or parent then you will need a regulated BTL mortgage...they are more onerous and harder to getDE_612183 said:
Good point the BTL will probably be with a family member so should not be an issue - but I take your point it's something to bear in mind.FlorayG said:Also "in 5 years I'll sell both"
What if your tenant doesn't want to leave? If you end up evicting them because you want to sell you will then have an empty house you are paying mortgage on for however long it takes to sell it. You can sell it with tenant in situ but that will considerably reduce its value0 -
In Wales it is LLT - different to England.Rates here
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