Can I Live in My Buy to Let Property?Â
So, if you’re a property investor, can you live in a rental property that you’ve purchased, and more importantly, is it illegal to live in your buy to let property?Â
Much to some investors’ disappointment, it’s not possible to live in a buy to let property most of the time. There are, however, some exceptions.Â
If you’ve purchased your property with the help of a buy to let mortgage, then living in your property is out of the question. Â
Living in a property that has been financed with a buy to let mortgage would leave you in breach of your mortgage terms.Â
But you might be thinking, ‘I didn’t use a BTL mortgage, so can I live in my buy to let property?’. Â
If you paid for your investment property outright without the help of a mortgage, then it’s perfectly legal for you to live in your rental property for as long as you want. Â
This is because you already own your property, and don’t have any mortgage payments to commit to. Â