Can I live in my buy to let property?
Unfortunately you are not able to live in a property you own that has a buy to let mortgage on it.
Mortgages are granted based on the lending criteria applicable at that time. For a buy to let mortgage this would typically state that the property should be let to long term tenants via an AST and that it is not to be occupied by the borrower.
If you were to live in the property, without the lenders permission, you would be in breach of your mortgage terms and conditions. If they became aware the lender could ask for immediate repayment of the mortgage amount.
HOW CAN WE HELP?
Choosing a mortgage is an important financial decision and it’s easier with someone who’s on your side. We work as a whole of market mortgage broker so that you get the best possible choice of mortgages.
DRAKE MORTGAGES ARE EXPERT BUY TO LET MORTGAGE BROKERS
We are experienced whole of market brokers who can help you get a great holiday let mortgage.
We can also give you access to exclusive schemes and some specialist lenders who don’t deal direct with borrowers. Loans are available to individuals and SPV’s upto 75% and we can help with Scottish properties, mixed use, multi-lets and Airbnb.
Bridging loans are one of the most useful, multi-purpose, types of lending solutions available. You can get a bridging loan approved on almost any property for almost any reason. Great for auction purchases or snapping up a buy to let bargain.
And we can arrange them really fast.