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14 May 2013

How does my husband buy a property for my parents to live in, what sort of mortgage would it be? Any tax implications?

We live in a property where the mortgage is mine. My husband has no mortgage and we would like to purchase a property for my parents to live in. The intention being that they cover as much of the mortgage payments as they could afford. What would my husbands mortgage options be, would it have to be a buy to let which carry more costs. Also, are there any tax implications even though we wouldn't be gaining extra income from this.

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