Let to Buy Mortgages

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Mortgages Accepted

Buy a new home and keep your current property for letting and income

An ideal option for those wanting to hold on to a property, struggling to sell, avoid a chain or release equity.

Our experts will find the ideal let to buy mortgage for you.

Why Choose MortgageKey for Let to Buy Mortgages

Great offers at speed

Our advisors are available Mon-Fri from 9am-8pm, giving you plenty of opportunity to seek a quick overview of what deal you could get.

We’re let to buy experts

A dedicated team of mortgage experts will provide quality advice based on your personal circumstances, finding a specific product for you.

We’re completely independent

We’ve no tie-ins with certain lenders. As we’re fully independent and unbiased our focus is solely on finding the best option for you.

Pay nothing until completion

Don't worry...there's no obligation. We don’t ask for any payment until your mortgage deal is complete

Award-winning mortgage and loans experts – ready to help you today

Our team of specialists will guide you through the process of securing a mortgage, buying a home or taking out a loan – finding the very best deals for you and your family.

Mortgage & Loan Guides

Read our experts’ latest advice on a wide range of mortgage options to the tax implications of buying properties to let.

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Infographics

Making mortgages and loans simpler to understand is our key skill, and our infographics do just that!

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Hear from our Clients

Don’t just take our word for it, hear from our happy clients who we have helped through the mortgages and loans process.

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Let to Buy Mortgages – Your Questions Answered

Let to buy mortgages are quickly becoming a popular long-term investment - and a smart substitute to a pension.

Also, if find yourself struggling to sell your home, or if it has dropped in value and you still want to move, you can hold on to the property as a nest egg for the future, whilst earning from letting it out.

 

What are Let to Buy Mortgages?

Let to buy mortgages are a handy product which suit several situations.

They are a way of freeing up equity to invest in another property without having to sell your current one. In doing so, you will benefit from extra income by letting out your existing property to help cover your new mortgage costs.

They can also be a good option for couples who have moved in together, yet still both have their own homes. Equity can be released in both properties to help pay a deposit on a new home together, or families can look to let to buy as an investment for the future.

Why choose a Let to Buy Mortgage?

There are three main reasons why people choose let to buy mortgages. Firstly, you may not want to sell your current home in the current climate, especially if it has dropped in value, and you want to hold on to it until the market improves.

Secondly, let to buy allows you to free up cash by releasing equity. Finally, let to buy gives you the freedom to move or sell when you choose, rather than being tied up in a chain.

What are the requirements for Let to Buy Mortgages?

Understandably, like any mortgage product, let to buy mortgages have certain requirements. They may differ depending on individual circumstance, but usually they would require that you’re between 25 and 75 years old, a 25% deposit or equity and a monthly rental income of at 125%.

On top of this, you will need to be open to financial checks and assessments and have a credible credit rating.

Things to consider before choosing a Let to Buy mortgage

Like any mortgage, a let to buy mortgage has its implications too.

Additional budgets for stamp duty, which increases by around 3% in fee for an ongoing purchase, as your second property, must be factored in.

There are also extra taxes to consider when letting out a property. A final point would be to beware of any landlord duties in which you could be forced to lay out monies for any forthcoming issues or periods of rental voids.

What our clients are saying

  • Zoe and Sally were both really professional but friendly. They are a credit to your company.
    Iain Pay
  • World class service from Day 1 to completion. Highly recommended. In particular the service from Georgia Hardcastle and Olivia Russell was fantastic -...
    Paul Hennessy
  • Great service from start to finish and good terms too. Hoping the solicitors are as good now completing the process.
    Paul H
  • Great team did everything spotlessly and didn’t have to be chased up
    Dale Sutherland
  • Excellent service and trusted help So efficient
    Mrs Diane Brown
  • Very efficient service from start to finish. Communication was exceptional and was always informed and guided every step of the way
    Michael Newbery
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    John Kleinman
  • They have been so helpful every step of the way they have always been quick to rely to every email I’ve sent them. And help me get a decision in pri...
    Mr Terry Mcdonald
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    Nic Phipps
  • Very helpful assistant. Straight swap and terms I was looking for, saved a few quid a month
    Bob hope
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    Neil
  • I have been dealing with Georgia Hardcastle at Mortgage Key, she is so helpful and have explained everything to me. I am a first time buyer and I was ...
    Pedro Amaral
  • Extremely professional service and courteous staff.
    Mr. Michael Rundle-Brown
  • Mortgagekey are an excellent mortgage broker service. Secured a mortgage with a high street lender within 4 weeks from DIP to full offer. Our case was...
    A&C
  • Brilliant service, can’t fault
    Aimi Buchanan
  • My broker Rory was able to get me a mortgage where others had failed.A credit to the company.
    John Wilkinson
  • We recently used Mortgage Key. Everything was straight forward and done quickly, from the initial quote to receiving the mortgage offer we were kept...
    customer
  • A really good service, Quick and efficient, no stress at all. Knowledgeable staff, who were a pleasure to deal with. I would recommend them and defini...
    philippa Wall
  • Very professional and friendly approach. They managed to find a mortgage which matched all our requirements. Great service! Thanks a lot!
    MJ
  • Great service from the beginning of the process.
    Bruno Cabral

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