Let to Buy mortgages
Let to Buy mortgages are used by homeowners to lease their current home and buy a new residential property. A Let to Buy mortgage is a popular option for homeowners who have found their dream home and can’t wait to sell their existing property, or are struggling to sell their home at the desired price.
In order to get a Let to Buy mortgage, you will need to provide evidence to Let to Buy mortgage lenders that your rental income will comfortably cover your mortgage repayments. It is important to note that a Let to Buy mortgage can generally only be used for a short time. Therefore, if you choose to continue letting your existing property, you will need a Buy to Let mortgage.
These figures are only illustrative. An assessment of your needs will be confirmed before a recommendation can be made. A Key Facts Illustration, which is personal to your circumstances, will be provided if a recommendation for a mortgage product is made.
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