Let to Buy Mortgage Advice
LET TO BUY MORTGAGE ADVICE IN YORK
Let to Buy is a term used for the process of letting out your existing home and buying a new one. Often, we are able to raise money from your existing home to fund a deposit on the new one.
With my let to buy mortgage consultation we are able to look at:
1. Remortgage your existing property on to an interest-only Buy to Let
2. Raise funds if required to be used towards a new deposit
3. Submitting a new mortgage application for your new house
Why Choose Let to Buy?
Maybe your personal circumstances have changed with your family or work and are in a hurry to move and don’t want to be forced to take a low offer on your house or you feel that your existing home would be a perfect investment property for you to keep hold of and rent out.
Perhaps you are looking to purchase a bigger house with your new partner and feel that you would like to keep your own property on in case things change in the future.
Is your house taking a long time to sell and you would like to talk about your mortgage options…?
I am able to explore the options of remortgaging your existing property on to a buy to let, whilst raising money for your new deposit (if required) and submit a new mortgage application for your future house.
Why Use Yorkmoneyman?
Being an EXPERIENCED Mortgage Broker I am able to search 1000’s of buy to let and residential mortgage deals and recommend the most suitable mortgage deals for your individual personal situation.
A Let to buy mortgage is complex and the knowledge and experience of a specialist mortgage broker like me will be highly valuable throughout your transaction. We are able to move fast so you are able to secure the property that you want – significantly lowering the risk of losing it.
This let to buy type of lending is becoming more and more popular due to the high rental demand in popular areas and the increasing demand for good rental properties.
Also, you will benefit both the capital growth on your existing property along with your new home. There are many amateur Landlords appearing in and around York and taking an interest in the Buy to Let market which is great news for a Mortgage Advisor like myself who is very passionate about property investment.
In some cases, letting your first property can lead to other investment properties being purchased 2 to 3 years down the line and can lead to the start of a small buy to let portfolio used as part of your retirement financial planning.