From: "Li@m" 
Newsgroups: uk.finance
Subject: Re: Buy to let mortgages etc.
Date: Thu, 08 Jan 2004 14:59:52 GMT


"Doug Ramage"  wrote in message
news:btjbva$82ta9$1@ID-34015.news.uni-berlin.de...
>
> "Li@m"  wrote in message
> news:u8aLb.9665$LD1.106968162@news-text.cableinet.net...
> > I'm thinking of buying a small flat and may or may not need to live in
it
> > dependent upon if parents move. If i do buy it to live in it and then
> decide
> > i want to rent it out, do i need to change mortgage to "buy to let"?
> > Everything I read refers to "second home" which it would not be in
theory
> if
> > i still live with parents.
> >
> > Ta
> >
> > Liam
> >
> >
>
> Probably not.. But you would probably need to inform your lender of the
> change of use - this might involve an increase in the interest rate.

Cheers for the info, i shall take a look at the IR website.

Ta

Liam