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How do Let to Buy mortgages work?

Let to Buy (LTB) Mortgage Advice

If you are planning to move you may wish to consider keeping your current property and renting it out. This is possible for First Time Landlords and Existing Landlords. Shaw Gibbs Financial Services Ltd are happy to advise you on both the LTB and Residential mortgage, providing a coordinated solution.

How does it work & how much can I borrow?

Our Independent Mortgage Consultant, Ed Batty can calculate how much you can raise on a LTB mortgage. From this any existing residential mortgage must be repaid. The remaining equity released, along with any savings, then forms the deposit on your new home. The next step is determine how much you can borrow on a residential basis. From these two steps you can then start the search for your new home!

Example

Benefits & Savings

Sale costs are saved which typically can be between 1% and 2% with most estate agents.

You have no doubt loved and improved your property making it a known quantity/ sound investment property. As well as providing an income stream you may also benefit from an increase in value over time.

If you would like independent advice please contact our Mortgage Consultant Ed Batty on 01865 292219 or email.

Your home may be repossessed if you do not keep up repayments on your mortgages. There will be a fee for mortgage advice. The precise amount will depend upon your circumstances but we estimate that it will be £495.

The Financial Conduct Authority does not regulate some forms of buy to lets, corporate finance or tax advice.

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Contact Us

If you would like independent advice please contact our Mortgage Consultant Ed Batty on 01865 292219 or email.

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