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When you buy a new home to live in while renting out your old one to tenants, the process is known as a \u201cLet to Buy\u201d.<\/p>\n
You will be able to take out a residential mortgage on your new house since the mortgage on your existing property will be switched to a Buy to Let mortgage.<\/p>\n
[\/vc_column_text][\/vc_column][\/vc_row][vc_row css=”.vc_custom_1682518484020{margin-top: 100px !important;}”][vc_column][vc_column_text]<\/p>\n
Although taking on two mortgages at once may seem stressful, there are several situations when it can be a very advantageous choice, such as:<\/p>\n
You have found a new house that you want to buy, but are unable to sell your current one.<\/p>\n
You want to move to a different property but don\u2019t want to sell your house because it has sentimental value, because you may have inherited it from family.<\/p>\n
You want to relocate now, even if the market is not ideal for selling your property for a good price right now.<\/p>\n
Due to business or family obligations, you must relocate for a while, but you eventually intend to return home.<\/p>\n
You want to keep your current home but purchase a house with your new partner (s).<\/p>\n
[\/vc_column_text][\/vc_column][\/vc_row]<\/p>\n","protected":false},"excerpt":{"rendered":"
[vc_row][vc_column][\/vc_column][\/vc_row][vc_row full_width=”stretch_row_content” css=”.vc_custom_1695224319718{margin-top: 50px !important;background-image: url(https:\/\/profilecapital.co.uk\/wp-content\/uploads\/2023\/08\/WhatsApp-Image-2023-07-21-at-14.51.22-1.jpeg?id=5050) !important;background-position: center !important;background-repeat: no-repeat !important;background-size: cover !important;}”][vc_column][vc_empty_space height=”500px”][\/vc_column][\/vc_row][vc_row content_text_aligment=”center”][vc_column][vc_column_text] Let to Buy Mortgages When you buy a new home to live in while renting out your old one to tenants, the process is known […]<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"class_list":["post-4765","page","type-page","status-publish","hentry"],"_links":{"self":[{"href":"https:\/\/profilecapital.co.uk\/index.php?rest_route=\/wp\/v2\/pages\/4765","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/profilecapital.co.uk\/index.php?rest_route=\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/profilecapital.co.uk\/index.php?rest_route=\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/profilecapital.co.uk\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/profilecapital.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=4765"}],"version-history":[{"count":11,"href":"https:\/\/profilecapital.co.uk\/index.php?rest_route=\/wp\/v2\/pages\/4765\/revisions"}],"predecessor-version":[{"id":5296,"href":"https:\/\/profilecapital.co.uk\/index.php?rest_route=\/wp\/v2\/pages\/4765\/revisions\/5296"}],"wp:attachment":[{"href":"https:\/\/profilecapital.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=4765"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}