Mortgages for Buy to Let

publication date: Nov 15, 2011
 | 
author/source: Kate Faulkner, Property Expert and Author of Which? Property Books
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Mortgages for Buy to Let


Which Mortgage is Best?


We are regularly answering a variety of consumer property questions for FREE via our Property Forum.

This is just one of the many consumer property questions we have answered recently:-


Q - I own a home which is rented out but lived in it for five years before renting it out. For that I had to change to a buy to let mortgage. I want to sell that house and buy a house in the town that I will settle in. I don't want the trouble of having letting agents and tenants so my father will live in the house and pay just enough rent to cover the mortgage interest.

Will I have to have a buy to let mortage or can I go for a standard repayment mortgage?  READ THE FULL QUESTION HERE


A - Firstly we would recommend you consult a Property Tax Specialist as there may be tax implications for both yourself and your father and should be able to advise you accordingly.

As we are not qualified/registered with the FSA we are unable to give specific financial advice on mortgages and would recommend you seek independent advice from a Mortgage BrokerVIEW THE FULL ANSWER HERE!

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