Let To Buy Mortgages
Are you looking for a Let To Buy Mortgage?
With rental yields very strong and interest rates at their current low levels, many people are now choosing to keep their existing home as a rental investment rather than sell it when it comes to moving home.
If they can structure their mortgage lending appropriately then this can become a very efficient means of investing for the future.
Very often our Let To Buy clients will look to either move their existing home to a Buy To Let mortgage or to obtain the permission of their existing lender to let out the property. Quite often equity will be released from the existing property to assist with the new purchase.
This then frees them up to arrange a new Residential mortgage on their new residential home. The finance facility is a Let To Buy Mortgage.
Call us today to discuss your requirements on 020 7328 3280
Will your own bank provide a Let To Buy mortgage?
You may have found us after being told by a high street Bank that they are unable to assist you with your Let To Buy mortgage requirements. For many lenders, this type of facility simply falls outside of their criteria and they will not help in this important area of financial planning.
Often, if they can assist they then have onerous underwriting criteria which excluses the expected rental income of the existing property from their calculations.
Find out more
With over 30 years mortgage experience Prudell Ltd have become specialists in advising and arranging mortgages in this important market place. We have direct links into the Underwriting Departments with a number of major high street Banks and Building Societies as well as Private Banks and other specialised lending sources.
Our service provides you with a way of bypassing the frustration of being rejected by lenders with an out-of-date criteria in this important part of the mortgage marketplace.
If you are looking to move home and wish to consider keeping your existing property as a rental investment the contact us for a no obligation quote.
Please call us on 020 7328 3280 to discuss your requirements. Our advisers can provide you with a fast assessment as to whether we are able to assist with your enquiry. This avoids the need for unnecessary delays and numerous searches of your credit file by Banks who ultimately cannot help you which will often affect your credit rating.
We are specialists in Let To Buy mortgage lending and understand the needs of placing these mortgages at very competitive interest rates.
Please contact us today on 020 7328 3280, email us on enquiries@prudell.co.uk or complete the form below and we will contact you.
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