Let To Buy Mortgages

At BD Mortgages we are often asked what is the difference between let-to-buy and buy-to-let mortgages?

Let-to-buy and Buy to let mortgages might sound similar, but in reality they’re very different.

With buy-to-let, you’re purchasing a property specifically to rent out, whereas with let-to-buy you’re buying a new property to live in yourself and renting out your current home.

Let-to-buy mortgages

The big challenge with let-to-buy is that you can’t simply rent out your home and buy another one without first switching your mortgage, as operating a buy-to-let property with a residential mortgage will be breaching the terms of your home loan.

For more help and advice on Let to Buy Mortgages please contact us at Blake and Day Mortgages.