‘Let to Buy’ is the term given to someone who wants to move and buy a new property but does not want to sell their existing property.
They will instead let our their existing property and as long as the rent covers the monthly mortgage payment the new lender looking at the purchase of a new property will usually ignore this existing mortgage.
This is a more complex transaction and not all lenders will allow a ‘Let to Buy’ scenario. For more information and the up to date situation please call us and we will be happy to assist you.