Buy To Let / Let to Buy

Buy to Let - This type of mortgage has become very popular over the last few years with more and more people wishing to buy a second property to rent out. You will normally need a 15% deposit and a basic income of £10000 to qualify for this type of mortgage and most lenders need proof that the amount of rent will be equivalent to at least 125% of the mortgage payment as this is how they assess affordability.

Let to Buy-Some clients wish to let out there own property in order to purchase a new home. It may be that they are unable to sell their own property or that they feel it is in a good letting area. Mortgages are available on the new property up to 95%.