Let-To-Buy Mortgages

  • Whatever your reasons for buying a property, it can be an exciting time. Park Hall teams like to keep things that way for clients.
  • Wherever possible, we anticipate potential hurdles to prevent them, and shoulder any that are unavoidable, whether that’s simply answering lenders’ questions or submitting additional documentation.
  • We work steadfastly to keep the mortgage application process moving.  
 

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A let-to-buy mortgage can be complicated as it involves refinancing your existing property based on the potential rental yield, whilst simultaneously finding a new residential mortgage to fund the onward purchase of a new property.

Free initial consultation

We invite you to a free introductory meeting to discuss your mortgage and protection needs. Designed to give you a feel for Park Hall, we can also assess your financial story.

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Add to this the fact that buy-to-let mortgages are generally interest only, with rates usually being higher than on residential deals, together with the challenges of becoming a landlord and you will realise the importance of getting the correct advice and assistance.

The benefits of a Let to Buy Mortgage

  • Enable you to use equity you have built up in your home to enable you to move to a new one, while also keeping the existing home as a long-term investment
  • Enable you to purchase a new property while unable to sell the current one in the timeframe required
  • Enable you to purchase a new property while struggling to sell your current property due to market conditions
  • Enable you to purchase a property with a partner while maintaining ownership of your current home

We understand how buying a property can take some navigating. We help you through the process and will remind you in advance of any relevant upcoming mortgage deal renewal dates thereafter.

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There are merits to using the same lender for both parts but there are also potential benefits to using more than one lender and advice should be sought.

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For financial services that are independent, individually tailored and incomparable, contact us today. Our knowledgeable and helpful advisers will be happy to help.

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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.

SOME BUY TO LET MORTGAGES ARE NOT REGULATED BY THE FINANCIAL CONDUCT AUTHORITY.

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