Let to Buy

Thinking of moving, but want to keep your existing property & benefit from the rental income? Struggling to sell your property, but need the money to complete your next property purchase?

A Let to Buy mortgage could help you

What is a Let to Buy Mortgage?

A Let to buy is different to a “Buy-to-Let” – which sounds confusing, right? Here’s the difference in simple terms:

Buy to let: A property bought by someone in order to rent it out, not to live in it, as an investment.

Let-to-Buy: Remortgaging your current residential property to an investment mortgage, in order to buy a new residential property. It’s very common to do this to release some money from your current house to use as your deposit for your next purchase.

The main difference is, you have lived in one & not the other.

More Detail

A Let-to-Buy allows you to remortgage your existing residential property onto an investment mortgage which would allow you to keep your property & rent it out, while still being able to buy a new residential home. This is a very common move for first-time landlords to start their journey as a landlord.

You can raise funds to buy your new property by remortgaging your existing property up to 75% of the property’s value. The funds released would then be used as your deposit for your new residential home.

So effectively, if you plan to use a mortgage for your new home, you’d be applying for 2 mortgages. One let-to-buy remortgage & one new residential mortgage.

For your new home, there will be a minimum deposit required which differs from lender to lender.

For your let to buy, in most cases the amount you can borrow depends on how much you’ll be renting it out for, just like a buy to let.

The amount you can borrow for your new residential property will depend on your current income & expenditure, just like any standard residential purchase usually would. In most cases, your let to buy mortgage won’t be taken into consideration as an expense because the rental income should more than cover the monthly mortgage payments.

Once offered, Both the let-to-buy remortgage & the new residential purchase will have to complete at the same time.

Speak To An Advisor

"Dec went the extra mile and was on hand to answer any questions. Highly recommended" Paul. 02/12/2021

Your home may be repossessed if you do not keep up repayments on your mortgage

Other Mortgages Services

We can help you with both your let-to-buy remortgage & your new residential mortgage.

We handle both mortgages, so you don’t have to.

If you’d like to explore a Let-to-Buy, get in touch today!

EXCELLENT

Based on 204 reviews

Monika Germishuys

30 October 2026

Dec is amazing, very knowledgeable, works efficiently, gives good advice, and responds quickly. On top of all the above, Dec is a really nice bloke; it's a pleasure to work with you!

Daniel Germishuys

29 October 2026

What a nice experience from start to finish. I would recommend Dec 100%. Thank you for all your help and advice.

Antony Rhodes

2 October 2026

As a first time buyer, this experience was absolutely on point. I was fully informed and completely supported through the whole process. I would highly recommend Plura to anyone wanting advice and help with a mortgage application. Thank you Amy and Dec for such a professional and supportive service.

amena walker

28 September 2026

10/10 experience Dec was brilliant with our first introduction call and talking through all the options and what would be best. He explained everything so clearly. Amy is a superstar! She made the process feel so easy and reassured me as a first time buyer. She was so helpful, always keeping me in the loop and just a great adviser! Would recommend to anyone and couldn’t be more grateful to have had them through the process!

Lucy Trudgill

24 September 2026

Fantastic service! Friendly, easy to chat to, great advice! Dec took all the stress away while sorting our mortgage for us! 100% would recommend and use again!