Property News · May 5, 2016

How can we rent out our new house and continue living on our boat?


We need to fund works on the new home, and feel buy-to-let should not be required as our purchase is not an investmentQ: My partner and I are about to buy our first home. It is selling for £425,000 and we have a 25% deposit. However, we currently live on a boat that we own, with very low living costs. In order to save up some money after the purchase, to change floors etc and have a safety stash or some savings, we would like to rent out the house for a year before moving into it.It seems that this is not easily possible with a residential mortgage, though we feel that consent to let should be possible, rather than buy-to-let, because we are not really buying as an investment, at least not long-term. Continue reading…

Source : theguardian.com
Read more…How can we rent out our new house and continue living on our boat?

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