I know very little about the housing market or mortgages (it's just not taught in school in the UK, whereas oxbow lakes and pathetic fallacy are), but within a year I should be able to get my foot on the property ladder.
I've been getting ahead of myself and browsing property websites to get an idea of what to expect, but I've been specifically looking at flats/apartments in an unspecified city centre and am finding a significant amount come with the following message in the property description:
Buy-to-Let ONLY / Investment Opportunity / blah blah blah
I understand that a buy-to-let mortgage is different from one used to purchase a property to live in yourself, and that you can't live in a property bought with a buy-to-let mortgage and vice versa.
My question is how is the seller in a position to dictate this? Surely the arrangements and terms of the mortgage are between me and my bank or building society. Once I've bought the property, it doesn't belong to the seller any more and it's not their concern whether I intend to live in there or not, so how can they stipulate ahead of time that I can only buy the property with a buy-to-let mortgage and then not live in it?