Changing from buy-to-let rental to a home for elderly relative
We have tenants moving out of a property and are considering putting an elderly relative (semi retired, in their 70's) in residence in the property. As the mortgage rate is finishing soon, should we change from a BTL to a residential mortgage? Would the mortgage providers be unhappy that there is no rental income and that we already have a residential mortgage on our own family home?
Is there any mortgage or tax relief to providing a home for a relative?
Is there anything else we should consider before making the move?
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