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What is Let to Buy?

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Let-to-buy can be an option for those who want to purchase a new home whilst keeping hold of their current property and letting it out.

As someone looking to buy a new property, it can allow you to release some equity from your current home and put it down as a deposit on your new one.

It’s a popular choice for couples who move in together later in life, perhaps once they both already have their own properties.  In this case, you’d both move into one of the properties and rent the other one out on a let-to-buy mortgage.

You might also choose let-to-buy when you’ve got your sights on a new property but are struggling to sell your current home in time, or if it’s significantly dropped in value.  If you have enough equity, then it’s possible to remortgage on to a let-to-buy basis and release funds to use for your deposit on the new home.

Let-to-buy mortgages can help you to own both properties.  Using the rental income from your old home that you’re now letting out and using that to cover its mortgage repayments (at least), then you take out a separate new residential mortgage for your new home.


The main difference between a let-to-buy and a buy-to-let remortgage is with the former, the property that the mortgage is secured on used to be the client’s residential home.  A buy-to-let remortgage is when a client wishes to re-finance an existing rental property.

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