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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.
Let to buy mortgages can be more complicated than standard residential mortgages or buy to let mortgages. This is because you need to apply for both a let to buy and residential mortgage, and ensure that they both complete on the same day, which we can help you with.
Our friendly mortgage advisors offer free appointments 7 days a week, and will provide you with expert, personalised advice on how much you could borrow and which lender best fits your needs. If you decide that a let to buy mortgage is the right option for you, we will also manage your entire mortgage application through to completion, removing the stress and hassle from you.
3 simple steps to getting a let to buy mortgage
Quickly see how likely you are to be ACCEPTED FOR A MORTGAGE before you apply
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