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Ash, Solicitor
Category: Property Law
Satisfied Customers: 10916
Experience:  Solicitor with 5+ years experience
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Is it against the law to buy a retirement home as an investment,

Customer Question

is it against the law to buy a retirement home as an investment, while living in ( assured tenancy) sheltered housing provided for me recently since I was forced out of my family home?
Submitted: 2 years ago.
Category: Property Law
Expert:  Ash replied 2 years ago.
Hello my name is ***** ***** I will help you.
Generally no, but you need to check the terms and conditions of your tenancy, as it may be.
Usually its not for private rentals.
Can I clarify anything for you about this today please?
Ash and other Property Law Specialists are ready to help you
Expert:  Ash replied 2 years ago.
Do you have anything else you wish ask me? If so, do you have a number I can call on?
Customer: replied 2 years ago.

i am not sure you understood. I am not suggesting renting my sheltered housing property that I am in. I mean one that I would purchase. you probably don't come across people so nieve and of nervous disposition like me usually. question is can I rent out a property while I'm still living in a property that was provided to me through having been in a hostel for the homeless.

Expert:  Ash replied 2 years ago.
Ok I see what you mean. Then yes you can purchase yes and rent it out.
Does that help?
Expert:  Ash replied 2 years ago.

I am just following up to see if there is anything else I can help with?

If you have not done so already might I ask you to rate my answer before you go today please, the button should be at the bottom of the screen.

If you need more help please click reply.