First Homes scheme: first-time buyer's guide
Letting the property
You can usually let your entire property for no more than 2 years in total during the time you own it.
Before letting it, you need to:
- tell the local council you want to let it
- check with your mortgage lender
The 2-year limit resets if you sell the home to someone else.
Letting for longer than 2 years
You may be able to let out your entire property for longer than 2 years in some circumstances, including if:
- the location of your job changes
- a marriage or long-term relationship ends
- you’re moving to get away from a situation that involves domestic abuse
- you’ve been made redundant
- you’re caring for a relative or friend
You must have permission from the local council. You may also need to ask your mortgage lender.
Letting a room
You can rent a room to someone for as long as you want, so long as:
-
the home is still your only or main residence
-
you live in the home while they’re renting