We have a mortgage for a home we currently live in. Our son is at uni and we are thinking to buy a flat on mortgage so he can stay there with 2 other friends (more for ease, than earning money!)...
would this be classed as Buy To Let or just a second home...asking this coz its our son who will be living there primarily..with his friends as lodgers...our son would not be paying us anything (don't want anything off him really, but his friends will be paying minimal amount)
would this be classed as Buy To Let or just a second home...asking this coz its our son who will be living there primarily..with his friends as lodgers...our son would not be paying us anything (don't want anything off him really, but his friends will be paying minimal amount)