A let to buy mortgage, allows you to keep the house that you own so that you can rent it out, whilst you buy another to live in.

Let to buy mortgages first became popular back in the 80's and 90's when many found themselves in a negative equity situation because of the soaring cost of borrowing and the subsequent downturn in the property market. By downsizing to a smaller, less expensive property, many were able to ride out the poor performance of the market, cushioned by their tenant's rent on their original property.

In a market were house values are rising, a let to buy mortgage could allow you to keep an increasing asset, whilst still fulfilling your wish to move away to a less expensive area to a less expensive house, as the income from tenant's will be taken into consideration by lenders when assessing your ability to repay your loans.

For further advice or information on let to buy mortgages, please telephone our mortgage advisers.

As with any mortgage decision, it pays to seek expert advice about let to buy mortgages and their terms. You can take the opportunity right now whilst you are online, to request a mortgage adviser to contact you at your convenience regarding which mortgages you could apply for right now. Just click on the Advice link below.

For advice as to whether a let to buy mortgage is the right choice for you, please click this link.