Let to buy
Keeping your home, and buying the next one.
Let-to-buy is for people who want to keep their current home and let it out while buying somewhere else to live. It usually involves two mortgages arranged at the same time: a buy-to-let on the property you are keeping, and a residential mortgage on the new home.
Who this is for
- You want to keep your existing home rather than sell it
- You are buying a new home to live in
- You are moving for work or family and may return later
- You want to understand whether letting out your home is workable
How we help.
Two applications, one adviser
Both mortgages need to work together. We arrange them side by side and keep the timing aligned.
Checking it stacks up
We explain how lenders assess the expected rent on your existing home and how that affects the mortgage on the new one.
Consent to let, or a full change
Sometimes a lender will give consent to let on your current mortgage instead. We explain which route may suit you.
Worth knowing
before you start.
- You will normally need permission from a lender before letting a property.
- Two mortgages means two sets of costs and two sets of criteria.
- Letting a property brings landlord responsibilities, including safety requirements.
- Not all investment mortgages are regulated by the Financial Conduct Authority.
Your property may be repossessed if you do not keep up repayments on a mortgage or any other debt secured against it.
Not all investment mortgages are regulated by the Financial Conduct Authority.
What happens next
Start with a conversation.
Tell us what you are planning. We will explain the options, tell you what we need, and aim to come back to you the same day.
Common questions
It is when you let out your current home and buy a new one to live in. It usually involves changing your current mortgage to a buy-to-let and taking a residential mortgage on the new property.
That is the point of let-to-buy, but it depends on lender criteria, the expected rent and your overall position. We will look at it properly with you.
Related mortgage advice
- 04
Buy-to-let mortgages
Buying an investment property or refinancing one? We advise landlords on buy-to-let lending across the market.
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HMO mortgages
Houses in multiple occupation have their own lending criteria. We advise landlords buying and refinancing HMOs.
Read more - 02
Home mover mortgages
Moving to your next home? We look at whether to move your current deal or start again, and keep the chain moving.
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Let's talk about
your mortgage.
Tell us what you're planning. We'll explain what happens next and aim to come back to you the same day.
Your property may be repossessed if you do not keep up repayments on a mortgage or any other debt secured against it.