UK Landlord Forum / Life

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?

Quote from: Taiga on October 21, 2019, 04:41:02 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?

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! 

Quote from: Taiga on October 21, 2019, 04:41:02 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?

One wonders what the background to this question is...

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

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