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whats the difference between
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suzy-wong_5
Posts: 52 Forumite
what is the difference between a BTL and a let to buy
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Comments
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A BTL is where people buy a property to let out.
A let to buy is where people let their existing property and buy a new one to live in.
In many repsects there is no difference because you end up in the same situation.0 -
would you get a better deal on a btl than a let to buy, or vice versa0
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A better deal on what?
Do you mean on the property or the mortgage for it?0 -
A let to buy mortgage is a normal residential mortgage with a 'loophole' regarding your existing mortgage. i.e. you do not have to pay it off. Only some lenders do this. A buy to let is a semi-commercial mortgage so rates tend to be a bit higher.
independent mortgage/financial adviser martin@hendersonponsford.com0
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