UPS Action

Can we buy our shared ownership property outright and let it out?

Reading now: 108

Q I am currently living in a shared ownership property that I jointly own with my wife. We have a 25% share of the property which is valued at £82,000.

The full value of the property when we bought it in March 2021 was approximately £328,000. We bought this with a five-year mortgage with a fixed rate of 2.2% and we’ve been overpaying the maximum 10% of the overall mortgage without incurring an overpayment penalty.Would it be possible for me to remortgage for 100% ownership as a buy-to-let?

The website is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.

Related News