Have questions about AFF HO Worth it??

R

Rhinoceros

Guest
If for ex im offered a 2 bed apt cost price to me 265,000 market value now 356,000, ill have a 26% clawback.
If i sell in first ten yrs i brake even financially, yr 11-20 clawback reduces by 1/10 per yr..

Q.if i buy and say in 6 yrs need a bigger place can i rent out the apt (if not i know i can get cash tennants) but can i do legally?

Q.If i can rent out aff apt, and i buy bigger place,can i call the new house my principle private rsidence??

Thanks for you help.
 
Hi Rhinoceros,

If you buy an affordable house/apartment your not allowed to rent the property. You have to be living in the property yourself. You could however rent out a room to help pay your mortgage.

Sorry not the answer you were looking for.

Delphi
 
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