I've never owned property in any way before, though work is going well enough and I'm saving enough money that I'm now considering buying a place.
I've read up about all these help to buy loans and the government aid to help first time buyers and it all sounds rather good.
The catch though...is that I don't have a normal 9-5 in the same place job. Rather my job involves a lot of travel.
A logical result of this would be to rent out my place for the months I'm not there. Though apparently you have to live in this place if you buy it. Which makes sense though its unclear quite how long you have to live there before it becomes 'normally' your place.
Also a problem with renting out my entire apartment is it would mean moving in and out several times a year. Which would be a big pain. So a better thing to do for me seems to be to get a flatmate- I have my bedroom where most of my stuff lives when I'm working away, they have their bedroom, we share the living room, bathroom and kitchen.
This would be my official apartment. I'd be back there every month or two for at least a few days, more normally longer, and living there quite normally for months at a time in other periods of the year. I would easily more than meet the minimum for being an official UK resident if my travels take me overseas.
My question is....are there any legalities about renting out part of a property bought with various first time buyer help?