can i buy a flat with a buy to let mortgage and live in it myself? and use it as a primary residence?

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can i buy a flat with a buy to let mortgage and live in it myself? and use it as a primary residence?

2007-04-29 22:34:27 · 3 answers · asked by Marcus 2 in Business & Finance ➔ Taxes ➔ United Kingdom

3 answers

you probably can do this but it's pretty dumb because buy to let mortgages are more expensive than the deals you can get if you were to occupy it yourself

2007-04-30 03:39:36 · answer #1 · answered by bw_r005t3r 2 · 1⤊ 1⤋

What is the purpose of a buy to let mortgage?

That's right you buy it to let it.

You would be in default of the terms of the mortgage which is you are buying to let.

Why would you want to live in it?

2007-04-29 22:46:34 · answer #2 · answered by fwh 4 · 1⤊ 0⤋

Don't forget to pay yourself rent. LOL

I think you need to provide more background to your idea.

2007-04-30 07:39:32 · answer #3 · answered by Tax Chap 3 · 0⤊ 1⤋