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

  • Good communication from Mortgagekey, and so far so good, all seems to be going well. Would have no hesitation in recommending Mortgagekey.
    Wendy Wright
  • Wonderful service. As a first time buyer I would not hesitate to recommend. Thank you !!!
    Michael Spaul
  • As always, this is the second time I have used Mortgagekey. Everything is always seamless. There is no stress. Everything ticks along nicely in the ba...
    Catherine Howard
  • Efficient , great customer service and an easy process.
    Leila
  • Excellent service from the guys at Mortgage Key. Callum was amazing. Georgia and Gareth were awesome too. WELL DONE
    Mr Mohammad Razak
  • Excellent Service.
    K Gill
  • Great staff very helpful, they keep you upto date with everything.
    Mr M Shafqat
  • Absolutely amazing couldn’t have asked for a better mortgage company.
    Amy
  • Mortgagekey have been excellent so far in helping me and my partner, always happy to help and keep us up to date with the status of our mortgage appli...
    Harrison
  • A perfect customer experience from start to finish: knowledgeable, reliable and lovely to talk to. Thank you Sally! X
    Michael Spaul
  • Extremely efficient and friendly and nothing is too much, they keep you informed every step of the way excellent service would highly recommend.
    Leanne Palmer
  • I have used Mortgagekey to remortgage two properties three times now. They have been excellent at every step of the way - and they got us great rates!
    JOHN
  • I would recommend mortgagekey because their professional service and keeping on top of things in a very difficult time and always keeping me up to da...
    Anthony
  • Within a couple of hours Jamie had found us a lender after we were let down by our own bank that we have been with for over 30 years. Everything went ...
    David
  • Absolutely amazing service! Rory was fantastic from beginning to end- reassured me no end too! I would strongly recommend using Mortgage Key to anyo...
    S M Dalby
  • Excellent help to get a remortgage . Thank you . Efficient and knowledgeable.
    Laura R
  • Dealing with mortgage key has been effortless. Callum has made me feel at ease during the whole process and to be honest I cannot think of one bad thi...
    Daniel Mitchell
  • Always give excellent advice and service
    Nicola Rice
  • Really good service with these guys. The whole team were really informative through out even through the covid 19 pandemic! Couldn’t recommend more!...
    Leo Berry
  • Excellent service..very friendly and knowledgeable advisors...thank you Tracy..I can thoroughly recommend them. This is the fourth time I've used them...
    Pamela Davey

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