Let to Buy

Let to Buy 2015-02-17T19:35:16+00:00

The majority of home owners remortgage their property onto a let to buy mortgage scheme, which enables them to use some of the equity in their property as a deposit for their new purchase, generally speaking let to buy mortgage are on an interest only basis which should have the effect of creating a surplus of rental income, the difference between the rent and mortgage payment.

Whilst let to buy will not suit everyone, with the ongoing shortage of housing stock the let property could be a tidy nest egg, in addition by letting out your property it puts you in a strong buying position which could result in you getting a discount off your purchase, as you are buying without a chain behind you.

For further information and a detailed quotation contact the mortgage shop in Worle on 01934 519 111.

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