Let to Buy Mortgage Advice

Due to current climates, more mortgage borrowers are considering purchasing properties whilst retaining their existing property and mortgage. This is referred to as a Let to Buy mortgage. Mortgage borrowers may consider this option so they dont sell for a loss or keep the property as an investment.

Mortgage borrowers are taking risks and seeking to increase their property portfolio for long-term benefits.

Not all mortgage lenders offer Let to Buy mortgages as it poses greater risk as potential customers may be required to maintain both mortgages. Please speak to one of our mortgage brokers for more information as advice is certainly required in these circumstances.

Proof of an applicant's existing mortgage switched to a Buy-to-Let mortgage may be required. Some mortgage lenders may ask for projected rental incomes from an ARLA letting agent. In some instances though, an applicant’s income may be sufficient to cover both mortgages and proof may not be required. Mortgage affordability assessments are thoroughly assessed as applicants will need to support both mortgages.

A Let to Buy mortgage offers an applicant flexibility. Selling existing properties can be stressful, therefore a let-to-buy mortgage may be more favorable.

If you require let-to-buy mortgage advice; please speak to one of our mortgage advisers. We're based in Manchester city centre and can offer face-to-face appointments with an experienced adviser. We are mortgage brokers and offer a comprehensive range of mortgage products from across the market for first-charge mortgages only.

A mortgage is a loan secured against your home or property. Your home may be repossessed if you do not keep up repayments on your mortgage.