Let to Buy Mortgage
Let To Buy is another mortgage product available to customers which offers an alternative to the popular “Buy To Let” option.
A let to buy mortgage works by allowing you to borrow money to buy a new home to move into, while your existing residence is let out to tenants.
The new mortgage lender will calculate the maximum that they are prepared to lend you and may not take your existing mortgage into consideration as a commitment as long as the rent covers the existing mortgage payment and other associated costs incurred by renting out your current home.
A deposit maybe required for the new mortgage however this maybe released from the existing property by remortgaging or a secured loan.
Please feel free to contact Signature Mortgages today for a free initial no obligation discussion on 01745 585859 or firstname.lastname@example.org Alternatively use the Contact Us link to register your enquiry. We will deal with your enquiry in as flexible way as possible, whether it’s face to face, by telephone, post or e mail.
YOUR HOME OR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE
FOR ESTABLISHING YOUR NEEDS, UNDERTAKING RESEARCH AND MAKING A RECOMMENDATION, WE CHARGE A FEE OF £95 ON APPLICATION UP TO £1,295 ON COMPLETION, HOWEVER OUR TYPICAL FEE WILL BE £95 ON APPLICATION AND £595 ON COMPLETION. OUR FEE BECOMES PAYABLE WHEN WE PROVIDE YOU WITH OUR RECOMMENDATION(S).
IF YOU CHOOSE TO PROCEED WITH OUR RECOMMENDATION AND THE MORTGAGE GOES AHEAD, WE WILL ALSO BE PAID COMMISSION FROM THE LENDER FOR ARRANGING THE MORTGAGE ON YOUR BEHALF.
IF YOU APPLY FOR A MORTGAGE THAT DOES NOT GO AHEAD, YOU WILL RECEIVE NO REFUND