There are several reasons why you may want to consider a Let to Buy mortgage:
• Capital appreciation.A Let to Buy mortgage allows you to keep your current home as a long-term investment and benefit from any future increase in its value
• You want to move in with your partner and you each own a property. In this case, you could both move into one of the properties and rent the other one out using a Let to Buy mortgage.
• To speed up moving to a new house. You found your dream house and you don’t want to be tied up in a chain or wait for a buyer. You can remortgage your current property with a Let to Buy mortgage and potentially use the money for your deposit towards your new house.
• You may want to have the option of being able to move back into your old property one day. Let to Buy is popular with those who are relocating for work and want to purchase a property in their new location, but don’t want to rule out moving back.
Whatever your circumstances may be, with a Let to Buy you can remortgage and then let out your existing home and use the rental income to cover the cost of the mortgage, allowing you to take out another mortgage on your new home.
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