Let to buy is where a mortgage borrower keeps hold of their existing home and rents it out to tenants, and then buys a new home for themselves and their family to live in.
Let to Buy Remortgage
- Expert Let to Buy Remortgage Brokers
- Whole of the market broker offering
- Free Valuation and Legal deals on some products
- Access to non high street lenders with better rental calculation coverage.
No upfront Broker fees by us for all Let to Buy Remortgages. You only pay once the deal completes.
Example Product Rate and Fees – Let to Buy Remortgage
The total amount you must pay back, including the amount borrowed is £494,438.75
Product Features / description: Remortgage your existing main residency onto this product so you can let it out. Free basic valuation and legal service for mortgage purposes..
|Type and initial benefit period||Fixed for 2 years|
|Minimum deposit / equity:||25%|
|Telegraphic transfer / CHAPS fee||£6|
|Early repayment charge||2/1% of the amount repaid in the fixed period|
For more information on Let to Buy Remortgage products please call complete the enquiry form on this page or call the number below.
Any property used as security, which may include your home. may be repossessed if you do not keep up repayments on your mortgage
Residential and Buy to Let Mortgages
Rates current as at 27/02/17 . The overall cost for comparison is based on a purchase price of £300,000 over a 25 year term. The Right-to-Buy example is based on a discounted purchase price of £150,000. Repayment for Residential and Interest only for Buy-to-let (unless otherwise specified). Eligibilty will depend on your own personal circumstances.
KEY – ERC = Main early repayment charge.
The purpose of this web is for information only and is based on a fictitious illustrative scenario. It does not constitute a Mortgage Offer in any way.
It is essential that you seek independent mortgage advice as a suitable product will be based on your own individual circumstances. An interest rate should not be read in isolation, and you should refer to your personal key facts illustration and Mortgage Offers for full terms and conditions. If anything is unclear it should be discussed fully with both your mortgage and legal advisors before entering into a mortgage contract with the lender.
The information contained herein is based on research through the Trigold (IRESS UK) sourcing system. When first published to this site the data is normally 24 hours behind real time, and may or may not still be available.
A first charge over your property is required as security for the loan.
The formal mortgage offer of an advance will be subject to a valuation and other satisfactory references.