Let To Buy
Let to buy is a situation where a homeowner wishes to purchase a new home to live in and rent their existing property out to tenants. This would mean changing your existing residential mortgage to a new buy to let mortgage.
With the credit crunch bringing a decline to house prices, buying to let has become a popular option for those seeking to upgrade their home without selling their current home at a lower value. It is also an option for those who have strong attachment to their home and do not wish to sell but need to move on.
Trust Financial Solutions can help take the confusion out of the let to buy process.
Buying To Let* might be worth considering if you would like to build a portfolio of investment properties or if you would like to move but have found you have little or no equity in your current home. In order to do this, you will need to change your current residential mortgage to a Buy To Let mortgage. Essentially, Buying To Let* allows you to wait until the housing market increases in momentum, hence gaining more profit if you do eventually choose to sell. If you let out your home with an existing mortgage on, you will need "consent to let" from your existing lender.
Let to buy should not be confused with buy to let.
A Buy To Let* Mortgage is required to purchase a new home which is then rented out.
A Let To Buy Mortgage is required if you wish to rent out your current home in order to raise capital to purchase a new residential property.
We have access to a panel of mortgage lenders representative of the whole of market and therefore can look at a range of options for you. Because of the minefield of information out there, finding reliable information and advice on let to buy mortgages can be a very frustrating process.
Disclaimer - Note
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE
*In general, Buy To Let Mortgages are not regulated by the Financial Conduct Authority
We will charge a broker fee of between £299 and £499, payable on application. The amount we will charge is dependent on the amount of research and administration that is required.
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Should you need help or understanding about these different mortgages, please call Trust Financial Solutions for expert advice and help and reassurance on which one is right for you. We simply aim to give you the ability to buy your home with peace of mind and to live the lifestyle of your choice.
Trust Financial Solutions can assist you in finding the right mortgage for you. We offer a confidential one-on-one service that can take the guesswork out of mortgages and help to guide you through the process from start to finish. This is what we do best and we look after you every step of the way.
- We match your personal situation and objectives with the most appropriate mortgage deals available from our panel of mortgage lenders.
- We will request from you all the necessary paperwork at the start.
- We work closely & meticulously with mortgage companies to ensure the application is processed promptly, guiding you through every step of the way from first contact to completion.
- We take pride in working to meet your timescales.
At Trust Financial Solutions we strive to be professional, courteous, prompt, trustworthy, honest, caring, but most importantly, we'll always have the best interests of you, the client, at heart.