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Is cash purchased property let out to tennants considered a Buy to Let?

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Author Topic: Is cash purchased property let out to tennants considered a Buy to Let?  (Read 234 times)
Newbie
Posts: 31

I like property

« on: October 21, 2019, 06:41:02 PM »

If you purchase a property for cash and let it out to tenants is the property then seen or considered a Buy to Let property?
« Last Edit: October 21, 2019, 06:46:05 PM by Taiga »
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Sr. Member
Posts: 365

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« Reply #1 on: October 21, 2019, 07:04:37 PM »

If you purchase a property for cash and let it out to tenants is the property then seen or considered a Buy to Let property?

Yes, that's pretty much the definition of Buy to Let. You buy a property in order to let it out ... and you let it out.

The use or otherwise of a "Buy-to-Let" Mortgage doesn't come into it.

To be honest, even if you happen to own a property already and then let it out, you'll still probably get called a buy-to-let landlord. I've been called worse things!  :)

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Posts: 3215

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« Reply #2 on: October 21, 2019, 07:25:42 PM »

If you purchase a property for cash and let it out to tenants is the property then seen or considered a Buy to Let property?

One wonders what the background to this question is...
Sr. Member
Posts: 288

I like property

« Reply #3 on: October 22, 2019, 07:37:39 PM »

Unless you're talking about mortgages, the term really doesn't have any relevance...
Newbie
Posts: 13

Now is the winter of our discontent

« Reply #4 on: November 12, 2019, 04:26:49 PM »

Tricky one. Make sure you go the right way, The Stamp Duty is a pain, try not to pay it.... legally...
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