Let to Buy Mortgages

A Let to Buy mortgage is when you let out your current home and replace your existing residential mortgage with a Buy to Let mortgage and then take a new residential mortgage on your new main residence or even port the existing mortgage to the new home to avoid early repayment charges and do a top-up mortgage with the same lender.

Mortgages up to 75% LTV

Easy application process

Useful to “incorporate” existing portfolio ( after tax advice )

Competitive rates

Free Valuation & Legal Fee deals often available.

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We offer tailored solutions for Let to Buy cases

For most investors this is how their BTL journey started. After a few moves they may have 2/3 properties that were once their home that are now Let to Buys. With each move they have built up a small portfolio of Buy to Let properties.

There are many considerations before this can be a viable option and expert mortgage advice is required. Properties that you once occupied fall under a different set of rules known as Consumer Buy to Lets i.e. accidental landlords and not all lenders accept these cases. Of the ones that do there are strict guidelines as to what is acceptable. Quite often tax advice is essential as becoming a property owner has its own complications and the right structure now can pay dividends in the future. Wealth and inheritance tax planning should be done as early as possible into the BTL journey.

Why choose us?

Here are a few reasons to choose Chess Mortgages.

Experienced advisers

We’ve been advising clients on mortgages for over 40 years.

We move fast

No need to wait; we respond & process applications quickly.

Whole of market

We scour UK lenders, private banks & offshore lenders for deals.

What you need to know…

Can I do a Let to Buy more than once?

Yes it is possible subject to underwriting

Can I sell my current property to my own newly formed Limited Company?

Yes – you can do a sale at market value and leave in 25% equity as a directors loan for the deposit

Will I save the Stamp Duty Surcharge if I do this?

Yes you will save it on the onward purchase but you will still pay 2 sets of stamp duty on the purchase by the limited co. If the jump in value between the current property and the new one is quite sizable then this may work our more cost effective.

What our clients say…

"Excellent service and I would highly recommend to others"

Had the pleasure of instructing Chess Mortgages. Jaz was incredibly professional and impressive in her handling of my remortgage application. My application was dealt with within a week! Excellent service and I would highly recommend Jaz to others. Thank you Jaz!

Shaida Hussein

"Award winning mortgage advisors & I can see why"

Bob stepped in at very notice to assist us when we were in danger of missing out on our perfect home. We were impressed with advice we'd seen Bob provide on a forum, which was clear and sensible. It was later we found out that Chess are award winning mortgage advisors and I can see why.

Iftikhar Ahmad

"Chess was by far the best decision we made in looking for a mortgage"

I can't thank Jaz and Bob enough for their efforts in helping my wife and I in secure a mortgage. The process was effortless and they took weight off our shoulders. Having gone through getting a mortgage a number of times, I can safely say using Chess was by far the best decision we made. I will be using them again.

Shamit Rooproy

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