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	<title>The Mortgage Brokers Blog &#187; Letting</title>
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	<link>http://www.rightmortgageadvice.co.uk/blog</link>
	<description>A guide to the UK mortgage, finance and housing markets from independent mortgage brokers Rightmortgageadvice.co.uk including product news and reviews, hints, tips, questions and answers</description>
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		<title>Mortgage Broker Q &amp; A – Letting part of a property</title>
		<link>http://www.rightmortgageadvice.co.uk/blog/2009/09/mortgage-broker-q-a-%e2%80%93-letting-part-of-a-property/</link>
		<comments>http://www.rightmortgageadvice.co.uk/blog/2009/09/mortgage-broker-q-a-%e2%80%93-letting-part-of-a-property/#comments</comments>
		<pubDate>Tue, 15 Sep 2009 11:11:47 +0000</pubDate>
		<dc:creator>Bedrock99niner</dc:creator>
				<category><![CDATA[Question & Answer]]></category>
		<category><![CDATA[Buy to Let]]></category>
		<category><![CDATA[Letting]]></category>
		<category><![CDATA[Mortgage Contract]]></category>
		<category><![CDATA[Sub Letting]]></category>

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		<description><![CDATA[Question; I want to buy a property and let a room or rooms out, is this a Buy to Let? In short probably not if you or one of your direct family members occupy 40% or more of the property this will be classed legally as a residential mortgage. The exception would be where you are [...]]]></description>
			<content:encoded><![CDATA[<p>Question; I want to buy a property and let a room or rooms out, is this a Buy to Let?</p>
<p>In short probably not if you or one of your direct family members occupy 40% or more of the property this will be classed legally as a residential mortgage.</p>
<p>The exception would be where you are buying a block of flats or converting a property to flats and your personal flat is less than 40% of the buildings total floorspace.</p>
<p>If they aren’t flats then you will occupy the public rooms too so unless your property has a very large number of bedrooms it would usually mean you occupy more than 40%.</p>
<p>If you are thinking of doing this however it is common for sub letting to be disallowed as a condition on a residential mortgage contract so always consult a mortgage advisor about the legal implications.</p>
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