| Property | One-bedroom city-centre flat |
|---|---|
| Location | Jewellery Quarter, Birmingham |
| Client | Couple moving north for a new job, keeping their first home as a rental |
| Product | Let-to-buy mortgages |
The challenge
The couple's first flat was in a large modern block where some lenders limit exposure. They also needed to be sure the new residential lender would accept the let-to-buy commitment in their affordability.
What we did
We chose a let-to-buy lender comfortable with the block and confirmed the expected rent with a local letting agent. We prepared the residential application at the same time, showing the new rental income and mortgage as part of their finances. A clean, consistent picture across both lenders avoided questions at underwriting.
The outcome
The let-to-buy completed alongside their new purchase, and a tenant moved in the following month.
Let-to-buy mortgagesLet your current home and buy your next one, with two mortgages arranged together.
Learn moreImportant: Most buy-to-let mortgages are not regulated by the FCA. Your property may be repossessed if you do not keep up repayments, and a receiver of rent may be appointed.