Let to Buy Mortgages

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Mortgage Enquiries

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Mortgages Accepted

Buy a new home and keep your current property for letting and income

An ideal option for those wanting to hold on to a property, struggling to sell, avoid a chain or release equity.

Our experts will find the ideal let to buy mortgage for you.

Why Choose MortgageKey for Let to Buy Mortgages

Great offers at speed

Our advisors are available Mon-Fri from 9am-8pm, giving you plenty of opportunity to seek a quick overview of what deal you could get.

We’re let to buy experts

A dedicated team of mortgage experts will provide quality advice based on your personal circumstances, finding a specific product for you.

We’re completely independent

We’ve no tie-ins with certain lenders. As we’re fully independent and unbiased our focus is solely on finding the best option for you.

Pay nothing until completion

Don't worry...there's no obligation. We don’t ask for any payment until your mortgage deal is complete

Award-winning mortgage and loans experts – ready to help you today

Our team of specialists will guide you through the process of securing a mortgage, buying a home or taking out a loan – finding the very best deals for you and your family.

Mortgage & Loan Guides

Read our experts’ latest advice on a wide range of mortgage options to the tax implications of buying properties to let.

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Infographics

Making mortgages and loans simpler to understand is our key skill, and our infographics do just that!

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Hear from our Clients

Don’t just take our word for it, hear from our happy clients who we have helped through the mortgages and loans process.

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Let to Buy Mortgages – Your Questions Answered

Let to buy mortgages are quickly becoming a popular long-term investment - and a smart substitute to a pension.

Also, if find yourself struggling to sell your home, or if it has dropped in value and you still want to move, you can hold on to the property as a nest egg for the future, whilst earning from letting it out.

 

What are Let to Buy Mortgages?

Let to buy mortgages are a handy product which suit several situations.

They are a way of freeing up equity to invest in another property without having to sell your current one. In doing so, you will benefit from extra income by letting out your existing property to help cover your new mortgage costs.

They can also be a good option for couples who have moved in together, yet still both have their own homes. Equity can be released in both properties to help pay a deposit on a new home together, or families can look to let to buy as an investment for the future.

Why choose a Let to Buy Mortgage?

There are three main reasons why people choose let to buy mortgages. Firstly, you may not want to sell your current home in the current climate, especially if it has dropped in value, and you want to hold on to it until the market improves.

Secondly, let to buy allows you to free up cash by releasing equity. Finally, let to buy gives you the freedom to move or sell when you choose, rather than being tied up in a chain.

What are the requirements for Let to Buy Mortgages?

Understandably, like any mortgage product, let to buy mortgages have certain requirements. They may differ depending on individual circumstance, but usually they would require that you’re between 25 and 75 years old, a 25% deposit or equity and a monthly rental income of at 125%.

On top of this, you will need to be open to financial checks and assessments and have a credible credit rating.

Things to consider before choosing a Let to Buy mortgage

Like any mortgage, a let to buy mortgage has its implications too.

Additional budgets for stamp duty, which increases by around 3% in fee for an ongoing purchase, as your second property, must be factored in.

There are also extra taxes to consider when letting out a property. A final point would be to beware of any landlord duties in which you could be forced to lay out monies for any forthcoming issues or periods of rental voids.

What our clients are saying

  • Would like to start by saying that Mortgagekey are worth their weight in gold. My partner and I never dreamed of being accepted for a mortgage but th...
    Daniel Beech
  • Very efficient service and achieved what we were looking for
    S FRANCIS
  • I had a missed payment on my record and all major lenders turned down my application. Mortgagekey helped me get a mortgage and got accepted, underwrit...
    Peter M
  • Customer service was amazing start to end, made the whole process very easy.
    Nisar Ahmed
  • We have been talking to Mortgage Key in regards to our first mortgage. Although we have not finished the process, we are extremely happy with the serv...
    Ashleigh
  • You provided me very good and impressive service, very nice staff.
    Mj Li
  • Excellent service, very helpful! Im a first time buyer and mortgage key helped me understand the process and explained everything to me, would recomme...
    valerie
  • Having been through this process a few times, my experience with MortgageKey was excellent. Leona spent the time to understand my requirements, which ...
    Amie
  • I can’t recommend this company enough. Claire was awesome in coming back to me with options and within 48hours I had a agreement in principle. Mort...
    A Patel
  • The whole process was smooth and we are very happy.
    Ian Jeavons
  • Amazing service they work hard to get you the best deal. Our case worker Leonie was fantastic. A service worth every penny. Highly recommended.
    Stephen and james
  • Fantastic service- simple to use and found us a great deal! Would highly recommend
    Sarah
  • I contacted you on line and found your service to be excellent, fast and efficient
    TAJDIN CHARANIA
  • Over the phone Application for Life insurance: agreeable member of staff, very professional, I was absolutely satisfied with the way this was conducte...
    Roxane Keabou
  • I found Linda to be highly efficient, focused & offered lots of time with explanation every step of the way. Linda worked to my pace & made herself a...
    customer
  • Very easy and accessible service. Excellent advice and knowledge. As a first time buyer the support was outstanding. The communication has been above ...
    Stephanie E
  • Fantastic service.
    Louise
  • Very friendly. Responded quickly kept us upto date all the time. Would recommend.
    Kathleen Walpole
  • Looking for a mortgage broker during the uncertainty of the pandemic was nerve-wracking. After contacting MortgageKey, I knew from the first call that...
    Roxane Keabou
  • Great service very helpful.
    Sar

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