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LET TO BUY
A let to buy mortgage is for anyone who wants to move into a new property without selling their old one. With a let to buy mortgage, you are essentially taking out two mortgages. One of them is a buy to let mortgage for your previous property and a traditional residential mortgage for the property you want to move into.
Leodis Financial with its’ large network of property lenders can help you secure a let to buy the mortgage in a very short period of time. Where it could take you weeks and months to get a decision on your application, Leodis Financial can expedite the process to make sure every application submitted through us gets a quick decision. With a dedicated manager, all of your questions are answered so that you understand the terms of the agreement you are signing. As the funding
What is a Let to Buy mortgage?
Let to Buy is another mortgage product available to customers which offers an alternative to the popular “Buy To Let” option.
A let to buy mortgage works by allowing you to borrow money to buy a new home to move into, while your existing residence is let out to tenants.
The new mortgage lender will calculate the maximum that they are prepared to lend you and not take your existing mortgage into consideration as a commitment as long as the rent covers the existing mortgage payment.
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