r16chh Posted April 6, 2008 Report Share Posted April 6, 2008 What are the implications of moving into your own but 2 let. I am relocating and need to move into my own buy 2 let until my residential property sells, then the buy 2 let can be my residetial property, but are there any implications such as insurance and mortgages ect. Thanks Richard Link to comment Share on other sites More sharing options...
Simon Dewsberry Posted April 8, 2008 Report Share Posted April 8, 2008 most BTL mortgage terms forbid you to do this ..... Link to comment Share on other sites More sharing options...
plym77 Posted May 8, 2008 Report Share Posted May 8, 2008 Aside from the mortgage issues, the tax benefits are advantageous - PPR relief and Lettings relief will be available on sale - reducing your potential CGT liability. I guess you may need to re-mortgage, but if you have to live there there are benefits to doing so Sherena Link to comment Share on other sites More sharing options...
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