Mortgage Types

A typical Let to Buy scheme is when a homeowner needs to pull equity out of the main residence in order to purchase a new home. In turn, what was the main residence becomes a Buy to Let property. Often, the reason a Let to Buy scheme scenario arises in the first instance is due to clients not being able to, or time restricts home movers to sell their existing homes. 

The main difference between Let to Buy and Buy to Let is that when you are an inexperienced landlord, different products apply. This type of loan is specialised. Caution is advised as some residential lenders frown upon Let to Buy schemes. 

Austin Friars Financial specialises in helping with the Let to Buy process.  We have vast experience with regard to policy and criteria to ensure that both your new loans are processed smoothly. New regulations were recently introduced that regulate any loan that is secured upon any property that the client and immediate family have ever resided in. This was the mortgage credit directive.