Raising Funds with a Let to Buy Mortgage

With the high cost of property, particularly in London, raising funds to purchase a buy to let investment is no easy feat.

Homeowners seeking to raise funds often ask us about releasing equity and how they might be able to utilise the value built up in their home, to purchase an additional investment property or find a home that better suits their needs while retaining their current property.

Let to Buy could be the perfect solution
In contrast to a traditional BTL, rather than intentionally purchasing a property for the purpose of letting it out, a Let to Buy mortgage allows you to rent out your existing property and buy a new home for yourself.

If you want to become a landlord or purchase another investment property while buying a new home, Let to Buy can be a fantastic route to take. By retaining your old property and purchasing a new one, you’ll benefit from double the capital increases in those assets, as well as receiving an additional income in the form of rent.

Of course, there are many things to consider before jumping into this process. From personal tax implications, which you’d need to speak to a professional tax adviser about to additional Stamp Duty Land Tax (SDLT) obligations. 

If you’re interested in Let to Buy and would like to discuss how we can support you, contact our award-winning team on 0208 364 3444 or click the schedule a call back button below to book a time slot.

UK Lenders Raise Mortgage Rates Desapite BoE Decision

Mortgage borrowers’ chances of securing an ultra-cheap deal narrowed this week as banks and building societies raised interest rates across their fixed-rate home loans. Rate rises on mortgages at HSBC, NatWest and Nationwide took effect on Thursday, 4 November.  Skipton Building Society said it would remove all of its three-year fixed rates on Friday 5 November.

Britcoin Consultation to Begin Next Year

The Bank of England (BoE) will work with the Treasury to judge the need for a UK Central Bank Digital Currency. Nicknamed “Britcoin” the Bank will consult widely on the benefits, risks and practicalities to support potential digital currency. If it concludes that there is a case for a new digital currency the earliest date for launch would be in the second half of the decade.