What is Let To Buy?
“Let To Buy” is another service available to customers which offers an alternative to the popular “Buy To Let” option. A “Let To Buy” mortgage works by allowing you to borrow money to buy a new home to move into, while your existing residence is let out to tenants. • You can rent out your existing property in order to buy another home locally or in a completely different location within the UK • It’s a really good way to retain your property if you’re relocating as a result of a job or change of circumstance for a period of time and have a need to purchase a new property whilst you’re away • It’s a way to retain your original property as an investment and benefit from the mortgage being paid by the tenants • It can be of real benefit when used to break the buyers and sellers chain if you are having trouble selling your property or if you have little or no equity and would rather wait before selling • “Let To Buy” can be a stepping stone to building a portfolio of property that you coul
