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regulated vs unregulated BTL
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Steve tollerton
Posted: 05 December 2018 19:32:18(UTC)
#1

Joined: 15/08/2018(UTC)
Posts: 4
I have a question which i could do with some guidance on.
My wife has a rental property and wants to add another one, this time with a BTL mortgage, she will run them as an income.

The second one we are trying to get a mortgage for hence the question.

For the first 18 months, she will rent it to students.
Then she will keep renting it to students, but one of them will be her son, for 2 years

This seems to be a problem as the mortgage will start as a unreg BTL, then should technically go to a consumer BTL when her son is there, even though its run as a business.

to change the mortage after 18 months would be very expensive, any pragmatic guidance please,
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Mr Helpful
Posted: 05 December 2018 20:52:34(UTC)
#2

Joined: 04/11/2016(UTC)
Posts: 3,985
Son may never become a tenant.
Possibly over-complex forward planning?
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