Am I breaching Let to buy conditions?

Am I breaching Let to buy conditions?

10:17 AM, 8th June 2021, About 2 years ago 3

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I am raising funds to buy a new main residence and wonder if my original flat is not rented, but left unoccupied by my wife and me, can we simply sell the property without being in breach of let to buy conditions?

Any advice would be appreciated.

Thanking you in anticipation.


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Neil Patterson

10:21 AM, 8th June 2021, About 2 years ago

Hi John,

Let to buy is just a firm of Buy to Let but takes into account the property is currently your main residence and will have restrictions that you have to move out on or before completion.

It does not affect the residential mortgage on your new home in normal circumstances, and you are at liberty to sell, but you need to check if you are in a deal period and if there is an early redemption penalty.


20:20 PM, 10th June 2021, About 2 years ago

I bought a second home for work purposes under a let-to-buy deal. I didn't have to move out of the first nor did I have to let it. I checked with the lender. You might want to check the actual terms of yours.

However you can only have PPR relief on one so you need to elect which if it's not sold within the time limit.


9:42 AM, 12th June 2021, About 2 years ago

Thank you for your replies.
My mortgage offer merely states that neither my wife and I or family members live in the former main residence.
If I leave property unoccupied,do not physically stay overnight but now choose not to rent it out, ( property is a flat which we may need one day) can I be considered in breach of mortgage conditions,particular as i will have a new residential address which will be our new permanent home.

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