Let to Buy

‘Let to Buy’ is the term given to someone who wants to move and buy a new property but does not want to sell their existing property.

They will instead let our their existing property and as long as the rent covers the monthly mortgage payment the new lender looking at the purchase of a new property will usually ignore this existing mortgage.

This is a more complex transaction and not all lenders will allow a ‘Let to Buy’ scenario. For more information and the up to date situation please call us and we will be happy to assist you.

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE

The Mortgage & Financial Advice Shop Ltd is authorised and regulated by the Financial Conduct Authority, Reference Number 468411. The Mortgage & Financial Advice Shop Ltd is registered in England and Wales under registration number 4359340. The registered office is 2nd Floor Dagnall House, Lower Dagnall St, St Albans, Herts, AL3 4PA.

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE

The Mortgage & Financial Advice Shop Ltd is authorised and regulated by the Financial Conduct Authority, Reference Number 468411.

We charge a fee for mortgage advice ranging from £195 to £495 payable on application (Please see the fee charging structure under Terms of Business). We also will receive commission from the chosen Lender however a fee paying option is available. If you choose this option we will charge 0.5% of the mortgage advance paid on application and then pass to you the fee we recieve from the lender.(This is in addition to our application fee)

The information contained within this site is subject to the U.K. regulatory regime and therefore is appropriate for consumers based in the U.K.

Some of the products / services shown are not or may not be regulated by the Financial Services Authority.

The Mortgage & Financial Advice Shop Ltd is registered in England and Wales under registration number 4359340. The registered office is 2nd Floor, Dagnall House, Lower Dagnall St, St Albans, Herts, AL3 4PA.

Let to Buy

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