Mortgage to Buy to Let

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Kansai Kerfuffle
Probation (posts moderated and no PMs)
Posts: 2
Joined: Thu Oct 27, 2022 4:26 am

Mortgage to Buy to Let

Post by Kansai Kerfuffle »

Hi there,

I couldn't find any reference to this in previous posts but was wondering if anyone has any experience of changing your mortgage to a buy-to-let type loan in Japan with your bank?

I'm with Shinsei and was just looking out for what kind of things to bear in mind, how much the interest is likely to rise or perhaps anyone who has been able to avoid doing it?

Thanks in advance!
Tkydon
Sensei
Posts: 1421
Joined: Mon Nov 23, 2020 2:48 am

Re: Mortgage to Buy to Let

Post by Tkydon »

If you are planning to let your current primary residence, they may give you permission without changing the terms of your Mortgage. This is often the case. Please ask at your bank.
:
:
This Guide to Japanese Taxes, English and Japanese Tai-Yaku 対訳, is now a little dated:

https://zaik.jp/books/472-4

The Publisher is not planning to publish an update for '23 Tax Season.
Kansai Kerfuffle
Probation (posts moderated and no PMs)
Posts: 2
Joined: Thu Oct 27, 2022 4:26 am

Re: Mortgage to Buy to Let

Post by Kansai Kerfuffle »

Thanks Tkydon, we are but are moving out to another place so was just wondering if anyone has experienced this.
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