Can You Have A Home Mortgage And A Let To Buy Property?
One of the benefits of a let to buy mortgage is the flexibility of it being used for property investment purposes.
Just how does Let to Buy work?
You buy a new home and rent out the old one.
Essentially it enables you to buy a second property to live in, so you can keep and let out your previous house.
This could be the ideal solution for a situation where you find the dream cottage you set your heart on but needs a bit of refurbishment and updating.
You could release equity out of your current home and use the funds as a deposit on the second property with excess funds used for development purposes.
You could let out your current home for a monthly rental return to cover the cost of the new mortgage whilst you undertake the improvements to the cottage.
To talk through any projects, for which you might need a Let to Buy mortgage you have in mind, just give us a call free or apply online by clicking on the apply button on the main website today.
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