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Let to buy Mortgages

Looking to move into a new home, but are unable or unwilling to sell your current one? A Let to Buy mortgage allows you obtain a second mortgage, so you can retain ownership of your home for the purpose of letting it out.

Let to Buy mortgages have increased in popularity over the last few years, and can be a great option for some homeowners.


Perhaps you’re moving into a new property and you’d like to keep your existing home as an investment, or you’re struggling to sell and are holding up the property ‘chain.’ With a Let to Buy mortgage, you can retain ownership of your home and let it out to tenants, while being free to take a second residential mortgage elsewhere.


Whatever your circumstances, our Let to Buy experts will be able to find the perfect mortgage for your needs. We’ll manage both of your mortgages and the whole process, making the complex seem easy and explore the range of deals available to you.

Do I qualify for a Let to Buy mortgage?

The criteria will vary depending on your lender, but you will usually need:


  • Enough equity in your current home to remortgage and provide deposit for your next home
  • Proof that the incoming rent will be higher than your mortgage repayments
  • Proof that you’re buying a new home at the same time
  • A minimum deposit of 10-15% on the new property
  • To be a minimum 25 years of age or older
  • A good credit rating

Ready to get started?

If you’d like to discuss a Let to Buy mortgage, we’re here to help. Just get in touch with our team and we’ll set up an initial meeting.

Momentum Mortgages is proud to be a part of Embrace Financial Services .