Gatehouse estates

Let to Buy not Buy to Let!

 

Let to Buy is a moving option that many people are not even aware of or confuse with Buy to Let!

This type of scheme allows you to buy a new home and let your old one out, making you a chain free buyer.

As long as the rental income on your existing property will easily pay your existing mortgage, lenders who offer this type of loan will usually offer you a new mortgage for the new property based on the normal income multiples, even though you already have an existing property. This means that you end up with two mortgages at normal owner-occupier rates, avoiding  more expensive buy-to-let mortgages.

For more info on this call Phillip on 01480 433933.

 

 

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Gatehouse estates
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