Let to Buy Mortgages |
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Let to buy mortgages help you too often move home without the sale of your current main residence. In most mortgage offer documents, you are offered your new mortgage on the basis that you are going to redeem (or sell) your existing mortgage. However a let to buy mortgage allows you to keep your existing mortgage on the understanding that you are going to let your old property out and move into your new home, and so often when calculating your income multiples the new lender with offset your potential rental income against the cost of your existing mortgage outgoing. Sometimes however you can be disadvantaged as you may have a large amount of equity in your current home that is not easily transferable. If this type of mortgage is what you require speak to one of our mortgage experts by completing our quick enquiry form and you may find that they can help you unlock some of that equity to help towards the cost and deposit of your new home.
these are a sample of some of the companies available |
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