Let to Buy Mortgage (LTB)

Let to Buy Mortgage (LTB)

This is a mortgage where the borrower's current property is let to other tenants and the rental income is used to cover the mortgage repayments on a new property, bought as the borrower's main residence. When Lenders calculate how large a loan the borrower can afford to repay on LTB they do so primarily on the basis of projected rental income, rather than salary income multiples, whilst lenders can take other factors into account as well in calculating the amount they will lend.

Expert advice

For FREE mortgage advice, speak to one of our qualified expert advisors on...

0845 8620 866

Latest News

  • Struggling to get a mortgage? Its a sad fact that in todays climate, if you’ve got less than 10 per cent equity in your home, then it’s now very hard to find anyone to lend to you. Nationwide have recently stopped lending to anyone other than existing customers with less than 15 per cent equity and [...]
    Read more ...
  • Help…we’re buying a new house If you’re buying a property, and are looking for a new mortgage, you’ll find that there’s not much on offer at the moment. This week, almost every lender withdrew all of their new tracker mortgages, as they waited to see what the Bank of England would do with interest rates. Meanwhile, there are [...]
    Read more ...