Let-to-Buy Mortgages

Looking to move to a new property but want to keep your current home? A let-to-buy mortgage could be the ideal solution. This strategy lets you purchase a new home while renting out your existing one—unlocking its equity and turning it into a long-term investment.

What Is Let-to-Buy?

Let-to-buy involves taking out two separate mortgages:

A buy-to-let mortgage on your current home, so you can legally rent it out
A residential mortgage on your new property, where you plan to live

Unlike a standard buy-to-let, where the property is purchased solely to rent, let-to-buy allows you to retain ownership of your existing home while stepping onto the next rung of the property ladder.

How Let-to-Buy Works

Here’s how the let-to-buy process typically unfolds:

Remortgage your current home with a buy-to-let mortgage
Release equity from that property to use as a deposit on your new home
Take out a residential mortgage on the new property
Let out your old home and move into your new one

This approach enables you to generate rental income, retain ownership of your current property, and avoid selling in a slow or undervalued market.

Benefits of Let-to-Buy

Unlock equity in your current home to fund your next move
Generate rental income from your existing property
Build a property portfolio without having to sell
Benefit from future capital growth on both properties
Create flexibility—ideal if you’re unsure whether to sell now

Let-to-buy can also be a useful solution during chain break situations, giving you time and space to sell your former home when market conditions are more favorable.

Is Let-to-Buy Right for You?

Let-to-buy can be a smart financial move, but it’s important to understand the responsibilities and requirements:

You’ll need enough equity in your current home to release as a deposit
Lenders will assess your ability to manage two mortgages at once
Projected rental income will be factored into the buy-to-let affordability check
Be prepared for landlord responsibilities, including tenant management, maintenance, and legal compliance
Understand the tax implications, such as income tax on rental profits and potential capital gains tax on future sale

Let-to-Buy Mortgage Advice Tailored to You

At Mortgage Centre, our expert advisors are here to guide you through every stage of the let-to-buy process. We’ll:

Assess your current equity and borrowing capacity
Recommend the most suitable buy-to-let and residential mortgage products
Help you understand costs, risks, and potential returns
Ensure a smooth transition into your new home while keeping your old one working for you

Start Your Let-to-Buy Journey Today

Let us help you move forward with confidence—keep your existing home as an investment and step into your next property with the right financial foundation.

Contact Mortgage Centre today to find out if let-to-buy is right for you.

As a mortgage is secured against your home, it could be repossessed if you do not keep up the mortgage repayments.

The FCA does not regulate most Buy-to-let mortgages

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