Vision for an independent organisation to represent UK landlords20:18 PM, 16th September 2018
About A week ago 68
10:18 AM, 2nd June 2015
About 3 years ago
Currently I have a residential mortgage and have permission for two lodgers; I now have two lodgers residing with me.
I wish to purchase a property in Swindon which is where I work with my Girlfriend but don’t wish to prevent myself or her from staying in my current home, it’s convenient for seeing friends and family at the weekends.
I pay the council tax on my current home and will pay the council tax on my new home. I don’t wish to force the lodgers out as they are effectively paying for the mortgage, however I’m not sure what the legalities are for this arrangement when I have two residences. I am also aware that I do not want a buy to let as this would prevent me from living at my current residence.
Does have anyone have any knowledge how I can keep this arrangement?
Also, currently I use the rent a room scheme for Tax on the room because it’s at my home.
Would I still be able to do this or would I have to calculate tax as a normal rental as it’s not my sole residence.
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