What is a Buy-to-Let Mortgage?
Buy-to-Let mortgages are designed to allow you to purchase or re-mortgage property which is used for investment purposes. The property is normally rented out and the rental income is expected to cover the cost of the buy-to-let mortgage payments, hopefully with some profit of course! There is also the hope that the property will increase in value but obviously there is no guarantee. Please note that that Buy-to-Let mortgages are not normally regulated by the Financial Conduct Authority (FCA) but this does depend on the exact circumstances.
What is a Let-to-Buy Mortgage?
Let-to-Buy mortgages are designed to allow you to move home without having to sell your existing property, which is then rented out in order to cover any mortgage repayments. A Let-to-buy mortgage allows people to complete their new purchase without having to sell their existing house.
How can The Select Partnership help?
Not all lenders offer these products. Speak to one of our Specialist Mortgage Advisers for expert advice on freephone 0800 012 9995 or email us using the link below.