I own a house that my family live in – can I keep it and buy a flat?

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I’m 29, earn £25,000 and am wondering if I could replace the mortgage with a buy-to-let loan

Q I currently own a house in my hometown in which my mum and younger brother have lived since she separated from my stepdad. I bought the house in 2012 for £115,000, it’s now worth £135,000 and there is £80,000 left on the mortgage.

Originally I lived in the house and commuted but since my family moved in I started renting a place near to my work. My mum has been paying rent all the time she and my brother have lived there.

Related: I’m 64 with a poor credit history – how can I remortgage?

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