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Let-To-Buy Mortgages

Let-To-Buy Mortgages: Move Without Selling Your Home

A Let-To-Buy mortgage allows you to remortgage your current property to raise funds for purchasing a new home. The existing property is then rented out, generating rental income that helps offset the mortgage costs of your new home. This option gives you flexibility when moving without having to sell your current home.

Let-To-Buy Mortgages You don’t need to sell your current home to move.

When is a Let-To-Buy Mortgage Suitable?

Let-To-Buy mortgages are ideal for individuals who need to access funds quickly from their existing property to purchase a new home. This option is particularly beneficial for those relocating for work but who plan to return to the area—and potentially their original home—in the future.

Additionally, Let-To-Buy mortgages are an excellent choice for those looking to start or expand their property investment portfolio. By retaining your current property and renting it out, you can begin generating income that can help fund your next investment.

How Long Does it Take to Arrange a Let-To-Buy Mortgage?

The time it takes to arrange a Let-To-Buy mortgage varies depending on the lender, but typically it can take around 4 to 5 weeks to complete. Unlike standard residential mortgages, Let-To-Buy mortgages do not require employment references. Instead, lenders assess the rental income from the existing property to determine affordability, which can speed up the process.

Remember, we can also assist you with arranging a mortgage for your new home!

For more information, see the next section on Buy-To-Let Mortgages.

Call us today at 01392 927327 for more details or fill out our contact form to get in touch.

YOUR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.
This product/service is not regulated by the Financial Conduct Authority.

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