Let to Buy Mortgages
Let’s say you’ve found a new home and you want to buy it but your own home hasn’t yet sold. You’ve found the dream place and you want to move and at one time you’d have been stuck until you found a buyer for your old place.
Why You Should Consider A Let to Buy Mortgage?
- You might wish to hold on to your current home as an investment property.
- Release equity in your home
- Move to a new property to rent, or move in with family but this is a much more restricted market and lenders will take steps to ensure you are making a genuine move.
Whatever the trigger, one big advantage to buying this way is you become a chain free purchaser, so you’re not relying on anyone else buying your house to move forward with your next home purchase.
If you’re weighing up your options you should think carefully and certainly take some specialist advice, because there are some big considerations. Although it might be a good way to buy your next property, don’t let your potential new home cloud your judgement!
Get Your Mortgage Sorted Now
Let to Buy works in exactly the same way as buy to let, but on its head. So rather than purchasing a specific buy to let investment property, you’re switching your existing home and making that the investment, hence you are ‘letting to buy’ another residential home in which to live.
You can also make a move without having to purchase a new home but there are some caveats to that, lenders will want to satisfy themselves that you have moved on.
Searching our ‘buy to let best buys’ doesn’t really help, as some lenders don’t allow let to buy and others have dedicated products so it’s hard to figure out the right deals. That is where we can help.
By using an expert mortgage broker like ourselves, we do all of the legwork and present you with the very best mortgage deals on the market right now. All you have to do is get in touch.
Interactive Mortgage Calculator
If a Let to BuyMortgage sounds like the right thing for you, have a play with our mortgage calculator. This will show you some of the latest rates available but we definitely recommend that you get in touch by calling us on 08009499410 as we may be able to get you an even better deal.
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