Mortgages Guide | Mortgage Help Product Information | Let to Buy
Mortgages   A let to buy mortgage is a new slant on buy to let
that allows homeowners to let their existing home and buy
another elsewhere.  Prior to the surge in popularity of buy to
let, most lenders viewed taking on a second mortgage as a purely
commercial operation and heavily loaded the interest rate as a
result. But now, an increasingly demanding and sophisticated
borrowing public have forced lenders to be more flexible in
their approach and more competitive in their product offerings.
As a result, let to buy mortgages are fairly common (though
there still aren't a huge number of lenders offering let to buy
schemes) and increasingly competitive.  Here are the main
features of a let to buy mortgage:  A let to buy mortgage works
by allowing you to borrow money to buy a new home to move into,
while you existing residence is let out to tenants.  The lender
will more than likely gain independent verification of the fact
that the achievable rent