LET TO BUY MORTGAGES
Keep Your Current Home And Move With Confidence
If you’re planning to move home but would like to keep your current property as a rental investment, we’ll explain how Let to Buy mortgages work and help you structure your borrowing in a way that’s tailored to your circumstances and future plans.
Based in Dorset, providing mortgage and protection advice to clients across the UK by telephone, video and face-to-face appointments.
Advising Clients UK-Wide
Telephone, Video & Face-to-Face
YOUR MOVING JOURNEY
Helping You Move While Keeping Your Current Home
We'll help you understand how Let to Buy works, explain your mortgage options clearly and guide you through both parts of the transaction with confidence.
Understand your plans
We'll discuss your current home, your new property and your long-term goals.
Review both mortgage requirements
We'll assess the borrowing needed for your existing property and your new home.
Recommend suitable solutions
We'll explain your options clearly and recommend mortgage products tailored to your circumstances.
Support both applications
We'll guide you through the process from application to completion, helping coordinate both mortgages where required.
LET TO BUY OPTIONS
Is A Let to Buy Mortgage Right For You?
Thinking about moving home but not ready to sell your current property? A Let to Buy mortgage could allow you to keep your existing home as a rental while purchasing your next home. We’ll help you understand how the two mortgages work together and guide you through the process clearly.
01
Keep Your Existing Home
Rent out your current property while moving into your next home, subject to lender criteria and affordability.
02
Use Rental Income
Expected rental income may help support the Let to Buy mortgage, depending on the lender’s requirements.
03
Release Equity
In some circumstances, equity from your existing property may contribute towards the deposit for your next home.
04
Arrange Your New Mortgage
We’ll help you understand the residential mortgage needed for your onward purchase alongside the Let to Buy mortgage.
05
Understand The Whole Process
From lender requirements to affordability and timings, we’ll explain every stage so you know what to expect.
Two Mortgages. One Clear Plan.
A Let to Buy mortgage can feel more complex because it often involves arranging both a Let to Buy mortgage and a new residential mortgage at the same time. We’ll explain how everything fits together and support you through each step.
UNDERSTANDING LET TO BUY
How Does a Let to Buy Mortgage Work?
Moving home without selling your existing property means two mortgages are usually working together. While it may sound complicated, we’ll explain every stage clearly and help coordinate the process from start to finish.
Keep Your Existing Home
Your current property becomes a rental investment while you move into your new home, subject to lender approval and affordability.
Release Equity
Depending on your circumstances, you may be able to release equity from your current property to help towards the deposit for your onward purchase.
Arrange Two Mortgages
You’ll usually have a mortgage secured against your existing property as a rental and a separate residential mortgage for the home you’ll live in.
We’ll Manage The Process
Because two mortgage applications often progress together, we’ll coordinate the key stages and keep you updated throughout the journey.
Let to Buy Mortgage
Used for your existing property once it becomes a rental. Rental income and lender criteria are key considerations.
Residential Mortgage
Used for the new home you’ll live in. Your personal affordability and deposit position will still be assessed.
Did you know?
Every lender has different criteria for Let to Buy mortgages, including affordability assessments, expected rental income and deposit requirements. We’ll explain the options available from our comprehensive panel of lenders and help you understand which route may be suitable for your circumstances.
COSTS & CONSIDERATIONS
What Should You Consider With Let to Buy?
Let to Buy can be a useful way to move home while keeping your existing property, but there are several costs, lending criteria and landlord responsibilities to understand before deciding whether it is right for you.
Deposit Requirements
You may need enough equity or savings to support both the Let to Buy mortgage and the deposit for your onward purchase.
Typical examples: equity release, onward purchase deposit, lender criteriaRental Income Assessment
Lenders will usually assess the expected rental income from your existing property when considering a Let to Buy mortgage.
Typical examples: rental valuation, stress testing, rental cover requirementsSecond Property Costs
Buying another property can involve additional costs, including stamp duty considerations and legal fees.
Typical examples: stamp duty surcharge, conveyancing, valuation feesLandlord Responsibilities
Once your current home becomes a rental property, you will need to understand your responsibilities as a landlord.
Typical examples: insurance, tenancy, compliance and maintenanceTwo Mortgage Applications
Let to Buy often means arranging a mortgage on your existing property and a separate mortgage on your new home.
Typical examples: affordability checks, timing, lender underwritingTax Considerations
Rental income and keeping an additional property may have tax implications, so independent tax advice may be needed.
Typical examples: rental income tax, capital gains, professional tax advicePlanning carefully matters
Let to Buy can involve more moving parts than a standard home move. We’ll help you understand the mortgage options available from our comprehensive panel of lenders, explain the likely costs and guide you through the process clearly.
WHY CHOOSE CONRAD FINANCIAL SERVICES
Let to Buy Advice That Connects The Whole Move
Let to Buy is more complex than a standard home move because your current property and your next home need to be considered together. We’ll help you understand your options, coordinate the mortgage process and explain the key considerations clearly.
Clear Advice For A More Complex Move
From rental income and affordability to deposit planning and lender criteria, we’ll help you make sense of the details before you commit.
Two Mortgages, One Plan
We’ll help you understand how your Let to Buy mortgage and residential mortgage fit together.
Rental Income Guidance
We’ll explain how lenders may assess the expected rental income from your existing property.
Comprehensive Panel Of Lenders
We’ll review suitable options from our comprehensive panel of lenders based on your circumstances.
Support From Start To Finish
We’ll help coordinate the process and keep you updated from initial review through to completion.
Keep your current property. Plan your next move. Understand your mortgage options clearly.
LET TO BUY GUIDES
Helpful Guides For Let To Buy
Explore guides explaining how let to buy can work, the two-mortgage structure, rental considerations and some of the decisions involved when keeping your current home.
View All Let To Buy Guides
Let to buy or sell first: comparing the practical options
Compare let-to-buy with selling first, considering timing, deposits, tax, landlord responsibilities, market risk and practical flexibility.
Read Guide
Let to buy affordability: how both mortgages may be assessed
Understand let-to-buy affordability, including assessment of the new residential mortgage, expected rent, existing borrowing and household costs.
Read GuideCLIENT FEEDBACK
★★★★★
Expert Guidance For A Smooth Let to Buy Move
“We wanted to move to a larger family home but weren’t ready to sell our existing property. We had lots of questions about how Let to Buy worked and whether it was even possible for us. Conrad Financial Services explained everything clearly, helped us understand our options and guided us through both mortgage applications from start to finish. The whole process felt organised, straightforward and far less stressful than we expected.”
Let to buy client
LET TO BUY QUESTIONS
Frequently Asked Questions About Let to Buy Mortgages
Let to Buy can feel more complex than a standard home move because your existing property and your next home need to be considered together. Here are some of the questions we’re most commonly asked.
Ask Us About Let to Buy
Whether you’re thinking about keeping your current home, releasing equity or buying your next property, we’ll explain your options clearly.
Need clarity?
Need Help With Your Mortgage?
Not sure which mortgage option is right for you? Book an initial conversation and we’ll help you understand the next steps.
What is a Let to Buy mortgage?
Can I keep my current home and buy another?
How much deposit do I need for Let to Buy?
How is rental income assessed?
Do I need two mortgages?
What additional costs should I expect?
Is Let to Buy right for me?
How can Conrad Financial Services help?
LET'S START THE CONVERSATION
Ready To Discuss Your Mortgage?
Whether you’re buying your first home, moving house, remortgaging or looking for specialist mortgage advice, send us a few details and we’ll get back to you.
- Comprehensive lender panel mortgage advice
- Telephone, video and face-to-face appointments
- Dorset based, supporting clients across the UK
- Usually respond within one working day
READY TO TAKE THE NEXT STEP?
Let’s Talk About Your Mortgage & Protection Plans.
Whether you’re buying your first home, moving house, remortgaging, self-employed, a company director or looking to protect your family, we’re here to help you make confident decisions.