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Let-To-Buy Mortgages
Lalisa
Posts: 1 Newbie
Just wondered if anyone has experienced let-to-buy mortgages? We're considering this as a way of moving up the property ladder in the same area we currently live in, and have been trying to find more information about decent brokers/lenders who have reasonable rates on offer...cheers for any info!
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Comments
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How does that help you move up the ladder?I am a Mortgage Adviser
You should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.0 -
Let to buy is a term that has been produced as a bit of a gimmick. You are looking to raise some money from your current home, let it out and then get a resi mortgage on your new property. I guess anyway.
Its not hard, but a good broker will help as it is not as hard as what a lenders branch would make out.
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