 Let to Buy
This is another alternative lending facility whereby you can let your existing property in order to move to another residential property yourself.
Some of the benefits of this product are:
• You can rent out your existing property in order to buy another home locally or in a completely different location within the UK
• It is a really good way to retain your property if you are relocating as a result of a job or change of circumstance for a period of time and have a need to purchase a new property whilst you are away
• It is a way to retain your original property as an investment and benefit from the mortgage being paid by the tenants
• It can be of real benefit when used to break the buyers and sellers chain if you are having trouble selling your property or if you have little or no equity and would rather wait before selling
• "Let To Buy" can be a stepping stone to building a portfolio of property that you could reap dividend on in the future, acting like a form of long term pension provision, once the mortgage on the property is paid off.
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.
Please note we may charge a fee for our service which can be up to a maximum of 1% of the mortgage balance on completion of your new mortgage.
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