Let to buy
Let to buy and chainbreaker mortgages
An alternative to bridging finance ? Maybe..
The Alternative: a let to buy, chainbreaker mortgage.
You can take the urgency out of selling your existing property by simply keeping it with a chain breaking mortgage facility.
Many lenders who will supply your new mortgage will also allow you to rent out your current property. You can then sell it at your leisure or even keep it indefinitely as an investment (buy to let). And all this can be done without restricting the mortgage amount that you are being allowed to take out on your new home.
You can even raise funds on your existing property to assist in the purchase of your new one.
For a more detailed discussion on let to buy and chainbreaker mortgages please contact one of our mortgage professionals on 0800 316 5756.
