Buy-to-Let Mortgage Lenders

Most people will be familiar with the term buy-to-let but what about let to buy. Let-to-buy is in essence a role reversal for a buy-to-let scenario. This is where you are looking to retain your existing home and use this as a rental property and then look to purchase another property for your own personal use. Therefore, let-to-buy mortgage lenders will allow the change of usage and permit the current residential mortgage to be changed to a buy to let thus enabling a new residential mortgage to be arranged on your new home.

Whist this scenario seems relatively straight forward, many lenders may not permit this especially if it is the first time you will have rented out a property and also as there will typically not be a track record of rent being received on the subject property. This is where a buy-to-let mortgage broker can be of great value to you as they will have the knowledge of the best let-to-buy mortgage lenders in the UK and establish of those who you meet criteria.

It would be ideal if there was a simple list of buy-to-let mortgage lenders however, with there being numerous ones to name and with each having their own individual criteria, whilst not impossible, it would virtually be of no great use.  Whilst it would give you numerous names it could be extremely time consuming to find the ones that you fit their rules and then from those who has the best scheme for your requirements.

Of course, you could source masses of information by searching online, as indeed you likely have to find yourself here, however when you need to get to the crux of it and pin point the lender of choice, the services of a buy-to-let mortgage broker can be invaluable.