Can you live in buy to let?

[thebeachismyhappyplace2]

I saw a solicitor today who has strongly advised me not to sell house until I find a job as need to being financially secure for kids and be able to get a mortgage. But STBX is putting the pressure on saying he wants to sell so he can get on with his life. He is trying to get me to get a buy to let mortgage as apparently I won’t need a job. But how straight forward is it? Would me and kids be able to live in it!

You cannot live in a buy to let property. You have to agree that with the mortgage provider.

Thanks Jeanne, I thought this was the case

You won’t be able to get any mortgage without a job

Are you looking for work now ?

Yes I am looking. It’s been tough out there since covid but sounds like it’s picking up again

Absolutely do not agree to sell the house until you are in a position to financially do so.

Do you understand the assets and overall split of thise?? Are they ‘fair’ ?

Yes the solicitor went through what I’d be entitled to. About 70% of house equity because of my situation but not told stbx this as he’s expecting 50/50

I would suggest you crack on with the divorce AND the financial settlement and only look to move/sell once that is agreed and finalised

Your STBX is trying to get you to commit mortgage fraud.

Take your time to get the best deal for you and your kids and don't let him pressure you.

Good luck.