Can we let to buy?

Posted on 27 July 2008

Hi, me and my husband currently have a 3 bed semi detached house worth around £135,000 we bought it for £120,000 3 years ago, we are looking to move to a bigger property as we now have a baby. Would we be able to let the property out to our parents and buy a new property?

Many thanks, Lisa x

Thank you for your question and congratulations on the baby.

Yes you most certainly can, when you rent your home to your family this is known as a Regulated Buy to Let. However there are a limited number of lenders who will allow this.

The best advice I can give is to seek advice from a mortgage broker who will be able to take your details and complete more detailed research for you. You can contact one of our Charcol brokers on 0845 413 1053.

I wish you all the best.

Bea

 

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