We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
We're aware that some users are currently experiencing errors on the Forum. Our tech team is working to resolve the issue. Thanks for your patience.
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.
0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 354.5K Banking & Borrowing
- 254.4K Reduce Debt & Boost Income
- 455.4K Spending & Discounts
- 247.4K Work, Benefits & Business
- 604.2K Mortgages, Homes & Bills
- 178.5K Life & Family
- 261.7K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards