Changing From A Buy To Let Mortgage

Changing From A Buy To Let Mortgage

Changing From A Buy To Let Mortgage - Changing from a buy to let mortgage refers to borrowers changing from a buy to let mortgage to a standard mortgage for their residential or commercial property. For example, some property owners changing from a buy to let mortgage may be seeking to move in to their buy to let property. In this case, a standard residential mortgage is generally required, as these are assessed in a different manner. Changing from a buy to let mortgage may therefore require an entirely new application process, even if you are staying with the same lender.

Unfortunately, lender requirements have become more restrictive since the credit crunch. As a result, if you are changing from a buy to let mortgage which was secured before this time, it may be more difficult to secure a new mortgage on the property. However, if you are changing from a buy to let mortgage to decrease the number of properties you own, your lessened debt exposure is likely to help you secure a new package.

Whatever your reasons for changing from a buy to let mortgage, this can be a lengthy and stressful process. This is where we can assist.

Our brokers have years of experience advising clients changing from a buy to let mortgage to find the best deal. We offer a personalised service, tailored around your individual mortgage needs and requirements. Your dedicated adviser will undertake a detailed fact find of your financial circumstances and consider the available deals holistically. This ensures that we can recommend the most cost effective and suitable deal for you, beyond the headline rate.

As a comprehensive panel of lenders mortgage broker, we use a range of providers who assist clients changing from a buy to let mortgage. In addition, our well established relationships with senior underwriters mean we can negotiate the best changing from a buy to let mortgage product for you.

If you need any assistance why not speak to one of our Mortgage Advisers by calling 020 77 100 400 or Enquiry Online.

If you are changing from a buy to let mortgage and would like high quality advice on securing your new mortgage, call us today.

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