The let to buy mortgage allows a customer to purchase a new property for them to reside in whilst letting their current home out to tenants.

The mortgage on the existing property is usually ignored when calculating the amount the customer can borrow as long as the rental on it exceeds the mortgage payments.

This type of mortgage is useful if a customer doesn’t wish to sell their current property and wishes to create a business investment of it.

 

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Rainbow is a trading style of Havering Financial Consultancy who is an appointed representative of Intrinsic Financial Planning Limited which is authorised and regulated by the Financial Services Authority.