A let-to-buy mortgage is a great way to be able to buy a new home in Tollcross without selling your current one. You may have found your dream home and want to move in quickly but the market is slow and you can’t sell your existing home. Alternatively, your current property may have dropped in value and you don’t want to sell it at a loss. It could be that you have to move away for a few years but want to keep your property to move back into. Our specialist mortgage brokers, located throughout Edinburgh, can help you with a let-to-buy arrangement. This allows you to rent out your existing property and buy a new home to live in.
Call us today on 01322 907 000 to speak with one of our expert mortgage advisers about the let-to-buy process. We search for the best deals to suit your circumstances and oversee the entire let-to-buy application to give you a stress-free and uncomplicated experience. If it’s out of office hours, send an email to us at info@trinityfinance.co.uk or an enquiry via our contact form. We will reply to you as quickly as possible with more information.
A stress-free let-to-buy experience
Let-to-buy mortgages are niche products and many lenders only offer them through brokers. At Trinity Finance, we have a wealth of experience when it comes to let-to-buy mortgages and excellent relationships with lenders. This allows our mortgage brokers in Edinburgh to locate the best deals to meet your requirements.
Our mortgage specialists can explain the application criteria you need to fulfil for each aspect of a let-to-buy arrangement. This includes the deposit requirements for both the buy-to-let mortgage on your existing property and the residential mortgage on your new home. Should you wish to use the equity in your current home to finance the deposits, they can help you with this. They deal closely with estate agents and can recommend local ones so that you can obtain rental valuations. You can then pass these on to your lender for the buy-to-let aspect. They can also help you prepare the paperwork for your new residential mortgage application, ensuring you pass the affordability checks.
As well as this, they will ensure you’re aware of the costs involved, such as the mortgage arrangement fees, legal costs and extra stamp duty charge. Before you enter into a buy-to-let agreement on your existing property, they can provide guidance on what it entails to be a landlord. You may be worried because you are self-employed or have a bad credit rating. Whilst this can make the process slightly harder, a let-to-buy mortgage is still achievable. Our qualified mortgage brokers in Edinburgh know which lenders to approach under these circumstances. They can also offer advice on how to improve your chances for a successful application.
Benefit from a let-to-buy mortgage in Tollcross
We have assisted several clients in Tollcross and the surrounding areas with their let-to-buy applications. Our professional mortgage brokers have secured numerous let-to-buy mortgages for satisfied clients throughout Edinburgh. This includes those with properties in Haymarket, Morningside, the Southside, Stockbridge and other nearby areas.
Contact us on 01322 907 000 to discuss the complexities of a let-to-buy mortgage and make sure it is the right choice for you. As specialists in this field, we can find the best solution for your needs. We manage the entire process to ensure each element runs smoothly and simultaneously. We also offer a range of other mortgage services as well as specialist finance products, insurance cover and estate planning. To request more information, simply send an email to us at info@trinityfinance.co.uk or an enquiry via our contact form. Our mortgage experts will reply to you as quickly as possible.