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Taking out a mortgage to help finance the purchase and ownership of a house is probably the biggest financial commitment that you are ever likely to make. It is therefore hugely important that you take the necessary steps to ensure that you find the most appropriate mortgage for your individual requirements.
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T. 01733 367270
T. 01733 367272
T. 01483 755908
F. 01733 367271
E.info@jpfinancialsolutions.co.uk
Let to Buy
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.
A deposit maybe required for the new mortgage however this maybe released from the existing property by remortgaging or a secured loan.