Let To Buy

By luck and by chance

When you start looking for a home, whether a house or flat, you become emotionally involved and start to become attached to a house or flat that you would love to live in. That attachment is very strong, after all it is where you will eventually sleep, eat, bring up your family and fall in love, and this leads to inevitable disappointment if you get gazumped, the chain breaks down or you simply fail sell your own house or flat. And it is that last reason that has led to so many landlords entering the market by luck, for the majority of landlords ‘becoming a landlord’ has been a trip of a lifetime.

The property owner fails to sell his property and in order to buy his dream home he/she looks for any conceivable opportunity to makes his/her dream come true. He/She then stumbles across a mortgage product called ‘Let to Buy’ and his/her dream comes true thanks to Let To Buy Mortgages.

The Let To Buy mortgage is the new mortgage to be arranged for your new home. The Let To Buy mortgage provider will allow you to let your current house and arrange a buy to let mortgage on that property. The mortgage provider may require you to provide proof that the rent will cover the mortgage payment by 100%, 115%, 125% or 130%.