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Let to Buy Mortgage - Where Do I start?
Bruski_2
Posts: 1 Newbie
We own our current home outright and are mortgage free. Due to job relocation we're thinking of buying somewhere a lot cheaper and renting out our current house until the market picks up. It obviously makes sense to get a mortgage on our existing house as we'll have a lower loan to value ratio. What I'm not sure about is whether we need to go for a dedicated let-to-buy mortgage or whether a straight remortgage would be the best bet. (We wouldn't need to factor in potential rental income to get the loan as our current income should be sufficient). Where do we start? At what stage would we need to notify a potential lender of our intention to rent the house out? Any advice/suggestions gratefully received.
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