This is known as a Let-to-Buy mortgage. Your are letting out your current property and buying a new one. You may need to remortgage your existing property to ensure you have the right type of mortgage to let the property out whilst then needing the a suitable mortgage so you can secure the onward purchase. Our experienced advisers have years of experience arranging all elements of a let to buy transaction so whether you need help with the letting mortgage, the onward purchase or both, contact us today and see how we can help you get the most suitable mortgage/s for your needs.
A mortgage is a loan secured against your home. Your home may be repossessed if you do not keep up repayments on your mortgage or any other debt secured on it. You may have to pay an early repayment charge to your existing lender.