Let to Buy
You are a Next Time Buyer or Home-mover and you want to retain your existing main residential property and let this out to tenants for a rental income.
This is what is termed a Let To Buy as you will have to replace your existing main residential mortgage on your existing property with a Buy to let product and arrange a new main residential mortgage on the new purchased property.
The new replacement mortgage is essentially the same as a BTL mortgage but the choice of lenders could be restricted because not all lenders will automatically lend in this situation.
All the more reason to seek expert independent mortgage advice from the Mortgage marketplace at One Branch.
Please see under Buy to Let for more information on how Let to Buy / Buy to Let mortgages are assessed and how you can qualify for a BTL mortgage.Apply now