What Is Let-to-Buy?

A Let-to-Buy mortgage allows you to rent out your current property while securing a new residential mortgage for your next home.

Key Features

• Rental income must cover 125%-145% of mortgage repayments.
• Requires a new residential mortgage for the next property.

Benefits

1. Flexibility to retain your current home as an investment.
2. Generate passive income from rental payments.
3. Potential for capital appreciation in both properties.

Advice for Success

• Work with a mortgage adviser to navigate lending criteria.
• Budget for additional costs, such as maintenance and potential void periods.

Let-to-Buy offers a practical solution for homeowners looking to balance homeownership and investment.