Let To Buy

Moving homes can be emotional, with a lot of sentiment tied up in your property, you might not want to sell up and move on. Other situations might mean you aren’t in a position to sell your home, leaving you with confusion over the options you have.

If you aren’t looking to sell your home, you could consider a let-to-buy mortgage. Contact our team of professionals who can advise you on all areas of this option and what the next steps might be.

When would I need a let-to-buy mortgage? #

Sometimes it’s not possible to take moving home at your own pace, if you can’t wait to sell your property and need to move quickly a let to buy mortgage could be a suitable option.

Let to buy can also be appealing if you want to move in with a partner but maintain ownership of your own property, possibly to retain as an investment.

How is this different from buy-to-let? #

Although both suited to individuals wanting to rent out a property, buy to let and let to buy are different. If you wanted to purchase a property for renting out only, you would choose a buy to let mortgage.

What does the let-to-buy process involve? #

A let to buy arrangement involves setting up two mortgages. A buy to let mortgage on the property you will rent out and a standard or residential mortgage on the property you will move into. These two mortgages will be taken out with the same lender.