Very similar to buy-to-lets in many ways; but let-to-buy is the process of converting your existing home into a rental property and then buying a new property to live in with another mortgage.
Not only can this be a great way to being a buy-to-let portfolio, but it is also a great way to “chain break” if you want to secure the purchase of a new home and do not want the risk of a long property sales chain that could collapse during your purchase.
Most Let to Buy mortgages are not regulated by the Financial Conduct Authority. Please speak to your adviser who will be happy to explain in which circumstances your Let-To-Buy may, or may not, be regulated by the Financial Conduct Authority.
