Buy a investment property for my niece

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    #1

    Buy a investment property for my niece

    Hi,

    Is it possible to buy a Buy To Let property for my niece?

    My situation - I am a UK citizen and reside in the UK and pay all my taxes in the UK. I want to buy a property for my niece but she is a non-resident in the UK. We do not require to take a mortgage as I would be buying the property cash. Is this possible? Can anyone point out any links where I can read about it?



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    #2
    I believe that this can be done but I would strongly advise that you consult a solicitor as clearly for some there is a mistaken belief that ownership of a UK property might after a period of time enable the owner to apply for UK citizenship, I think if there was such a loophole it has been closed.
    As this is a cash purchase that is a positive element since applying for any mortgage would require such a person to have permanent right to reside or indeed has resided in the UK under license.

    Comment

      #3
      But since it's a cash purchase, there should not be a case of "residing in the UK"? These days there are many foreign landlords who just let their property but live some where else themselves?

      Comment

        #4
        I have tried to be constructive in my comments so I can only restate my advice, speak with a good solicitor and he will advise you accordingly.
        No further response will be made.

        Comment

          #5
          The information relating to foreign buyers of UK property can be found by searching on the internet ( see example below ) :

          https://www.buyassociation.co.uk/202...d-uk-property/

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