Speak to an Advisor 7 days, 8am - 10pm
Speak to an Advisor 7 days, 8am - 10pm
Embarking on a let to buy purchase and mortgage means renting out your current home while using the rental income to buy a new property for yourself.
To make this strategy work, you’ll need to transition your current home from a residential mortgage to a new let to buy mortgage in Liverpool through remortgaging. At the same time, you’ll be applying for a new mortgage on your desired new home.
Both mortgages will run simultaneously, but they might not be with the same lender. They are separate entities, and you’ll access funds from one mortgage to serve as a deposit for the other property.
This approach allows you to secure your new home while renting out your current property, paving the way to homeownership with the added benefit of potential rental income supporting your new mortgage.
The Financial Conduct Authority does not regulate some types of buy to let or commercial mortgages.
To secure a let to buy mortgage in Liverpool, you must meet specific mortgage lending criteria. During a free initial mortgage appointment with a trusted mortgage broker in Liverpool, your circumstances will be assessed to determine if this option is suitable for you.
The qualifying criteria for a let to buy mortgage include demonstrating affordability, having a minimum of a 10% deposit for your new home, and a 25% deposit for your let to buy mortgage in Liverpool.
You can achieve the latter by using the released equity from your remortgage. Additionally, you should be able to generate rental income that covers at least 125% of the mortgage payments on your let to buy property.
Even with bad credit, it’s possible to obtain a let to buy mortgage in Liverpool, as some mortgage lenders offer products tailored to such situations.
Your mortgage advisor in Liverpool will expertly guide you through the process, ensuring you meet the criteria and have the best chance of acquiring the let to buy mortgage that suits your needs.
Let to buy mortgages in Liverpool can often come with stricter lending criteria since they are tied to both residential and buy to let properties.
Having a low credit score, CCJs, defaults, or a history of late payments can impact your ability to secure a mortgage. We work with a wide panel of mortgage lenders, many of whom offer specialised products that can help individuals obtain a let to buy in Liverpool even with bad credit.
Our goal is to find the most suitable solutions tailored to your unique circumstances, so you can achieve your property goals with confidence.
Your home may be repossessed if you do not keep up repayments on your mortgage.
There may be a fee for mortgage advice. The fee is up to 1% but a typical fee is £495.
As you may have noticed from their similar names, a let to buy mortgage in Liverpool is actually a variation of a buy to let mortgage.
A buy to let mortgage in Liverpool involves taking out a mortgage on a property you’ve purchased, with the intention of letting it out to generate additional income.
On the other hand, a let to buy mortgage in Liverpool typically occurs with “accidental” landlords. This situation arises when you initially don’t plan to become a landlord but later change your plans and decide to rent out your current home.
Rather than dealing with the stresses of selling your home and buying a new buy to let property, many homeowners opt to rent out their home and use the rental income to pay off their new residential mortgage. This approach can provide a less burdensome pathway to achieving homeownership and financial flexibility.
It’s crucial to be mindful of the associated costs when taking out a let to buy mortgage in Liverpool. This includes considering stamp duty tax, although it may not be applicable to everyone. Checking ahead of time will ensure that you are well-informed about any potential expenses.
As trusted providers of mortgage advice in Liverpool, our dedicated team of mortgage advisors will guide you through the entire process, ensuring you have a clear understanding of all the costs involved, including stamp duty.
During your free initial mortgage appointment, we’ll provide comprehensive information to help you make informed decisions and embark on your property journey with confidence.
Let’s start with a positive note: a let to buy arrangement can create a less stressful experience compared to selling your home. Additionally, it often generates enough rental income to cover its own mortgage, leaving you with extra profit to enjoy.
However, it’s important to consider the other side of the coin. Managing two properties, along with potential tenants or family living in one, can be just as stressful as selling a home. It may not be suitable for everyone.
Keep in mind that let to buy mortgages in Liverpool typically come with higher interest rates compared to regular residential mortgages.
Although there are fewer mortgage lenders offering let to buy deals, we have access to many who can help.
On the bright side, while residential mortgage rates may be higher, let to buy mortgages in Liverpool might offer more competitive interest rates and fees compared to buy to let mortgages, which could work in your favour.
Also, consider the property’s value – if it appreciates over time, you could profit when you sell. However, if the value drops, you could face a loss.
If a let to buy mortgage in Liverpool isn’t the right fit for you, don’t worry, there are alternative options to explore. For instance, you might consider moving into temporary or rental accommodation, allowing you to apply for a standard buy to let mortgage in Liverpool.
However, it’s important to note that this route can be quite costly, and you may not meet the strict criteria set by mortgage lenders for buy to let properties. Additionally, breaking out of the rental cycle can be challenging.
Another possibility is seeking “consent to let” from your mortgage lender. This arrangement grants you a specific period during which you can rent out your current residential property while you move into your new home.
While this option might sound straightforward, its viability ultimately depends on your mortgage lender’s policies. Moreover, buying a new home while consent to let is in place can pose certain complexities that require careful consideration.
For expert guidance and personalised mortgage advice in Liverpool, our team of experienced mortgage advisors is here to help you throughout the decision-making process.
Our team of open and honest mortgage advisors in Liverpool possesses a wealth of knowledge in the mortgage world, assisting numerous customers in becoming landlords with their very own let to buy in Liverpool.
As a trusted and respected group of expert mortgage advisors, we are dedicated to providing exceptional service, available every day of the week, from early morning until late at night, to offer you convenient appointment times, subject to availability.
We understand that obtaining a mortgage can be a complex process, and that’s why we’re always ready to address any questions you may have. Our goal is to work for you and reduce your stress levels as you embark on the next step of your mortgage journey.
As part of our commitment to your success, we diligently search through thousands of mortgage deals on your behalf. As a prospective let to buy landlord seeking a let to buy mortgage in Liverpool, we ensure you find the most suitable deal available, offering you more than just a mortgage – we aim to provide you with a truly positive customer experience.
Take the first step towards your mortgage goals by booking your free initial mortgage appointment online and speaking to a dedicated mortgage advisor in Liverpool today. Let us guide you with confidence and peace of mind throughout your mortgage journey.
Our Customers Love Us
4.98 Rating268 Reviews
Mark
Once again Liverpool money man goes above and beyond to help me get another mortgage. I had a few issues regarding being self-employed and struggling to get a mortgage within 1 week LMM had my mortgage approved. Thank you very much all involved....
5 days ago
Charles
Great service, start to finish Tom and the team helped and advise whenever we had any queries. Transparent pricing.
3 weeks ago
Kelly
I used MoneyMan for my first mortgage, I was thrilled with the service they provided back in 2017 therefore I went back to them for my remortgage Chris & Debbie were super helpful with my remortgage. Would highly recommend.
2 months ago
Christopher
Had a retirement mortgage agreed and completed. Wayne and Moneyman were excellent, very professional, knowledgeable and helpful at all points. Happy to recommend their services
3 months ago
Stacey
I have been using Liverpool Moneyman for my mortgages and remortgages since 2014. Great flexible and friendly service.
3 months ago
Helen
Leo and the team have been exceptionally thorough in explaining all my options. I truly felt that Leo had my best interests at heart, going above and beyond even offering advice and support beyond his usual remit. He’s been incredibly patient with...
6 months ago
Steven
Always very helpful. Helped us buy our first house and have been great assisting with the remortgage process.
6 months ago
Mr James
Always friendly and provide sound advice. Very supportive look out for the best interest of the client.
7 months ago
Kevin
Brilliant from start to finish. No fuss. Chris found me a new deal with my existing provider. Have recommended this company to my friends.
7 months ago
Hannah
Fantastic service from beginning to end, extremely informative and supportive. Daniel was very easy to communicate with and provided all the information we needed.
7 months ago
Michael
Excellent service, always professional and friendly. This is the second time I’ve used moneyman and their advice has been invaluable. Jason and Lizzi have been outstanding.
7 months ago
Vitor
I am so glad I find this Mortgage Broker , specially Tom Bowes and Debbie Stones, they both were very professional and polite from start to end , they keep me informed and updated at all times, the process was very smoth and fast, highly...
7 months ago
Tarique
I wanted to say a big thanks to Paula, Leo, and the Liverpoolmoneyman team. Both Paula and Leo have managed to secure me a great mortgage deal. Making this whole process seamless and less stressful with clear communication during each stage. I would...
7 months ago
Tarique
I wanted to personally thank Leo Shakespeare, and Paula Milner. And the UK Moneyman team for outstanding customer service in securing my new mortgage. Your outstanding expertise, patience, and clear communication has made this whole process much...
7 months ago
Georgia
Daniel was so helpful throughout our remortgage process. We used Liverpool Money Man when taking out the original mortgage and we didn’t regret it at all, so helpful and made us feel so reassured at each stage. Thank you again!
8 months ago
Shauna
Matt and Debbie at Liverpool Money Man were so helpful throughout the process of securing me my mortgage offer. From start to finish, they were friendly & explained every step of the process. They were also easily contactable and responded to any...
10 months ago
Rajeetha
Very good service
11 months ago
Rajeetha
I am with Liverpoolmoneyman from 2020. Always reminding me the end of terms make good offer from mortgage providerS.
11 months ago
Katie
Very happy with the service provided. Both Dan and Jonathan were very informative and supportive throughout the process, and I especially thank them both for their patience in answering all of my questions and clarifying everything for me. I will...
1 year ago
Anonymous
Very patient crew although we showered them with a lot of questions and frequently asked for updates
1 year ago
A let to buy mortgage advisor in Liverpool can help you determine your realistic investment goals based on your financial situation and market conditions.
We can also explain the differences between interest-only and repayment mortgages, and help you decide which type of mortgage is most suitable to your investment strategy, if you don’t know so already.
This application will include all required documents, such as proof of income and identification. The lender will then assess your projected rental income to ensure you can afford monthly payments and any additional costs, such as maintenance and repairs.
After obtaining your let to buy mortgage and purchasing your rental property, it is important to maintain relevant insurance coverage to protect your investment.
If you are considering turning your current residential property into a let to buy in Liverpool, it’s important to seek trusted and expert mortgage advice in Liverpool.
Our team of dedicated and approachable mortgage advisors in Liverpool are here to help you navigate the process of arranging your new purchase and managing your existing property mortgage.
In addition, you may have the option to take out a remortgage on your current let to buy property as a means of raising capital to put towards the deposit for another property purchase.
Our team can help you explore all of your options and find the most suitable solution for your unique situation.
Investing in the property market is a popular choice for many people looking to make a living, for various reasons.
For some, the possibility of future property or capital growth is a key motivator, whilst for others, investing in property provides an additional source of income to supplement their monthly earnings.
We are committed to providing you with the guidance and support you need throughout the process. Book your free initial mortgage appointment today so we can discuss your specific needs and goals.
The amount you can borrow is closely linked to the expected rental income. Mortgage lenders typically look for rental income that is 25-30% higher than the mortgage payments.
In case the rental valuation of the property is lower than expected, you may need to consider a larger deposit to meet the lender’s requirements.
To get a better estimate of the potential rental income, it’s advisable to consult with local agents or check online listings. This will help you make informed decisions regarding your mortgage and property investment.
When considering a let to buy mortgage, it’s essential to understand the deposit requirements. In most cases, mortgage lenders expect a 25% deposit (75% loan-to-value ratio – LTV) for your existing property.
You may utilise equity from your current property as part of the deposit. However, if you can’t raise the full 25%, some lenders might consider a higher LTV.
Additionally, lenders will assess the rental income, expecting it to cover at least 125% of the monthly mortgage payments for the let to buy property.
As for your new home, aim for a 10% deposit or more, which can provide access to more lender options and better interest rates.
For residential mortgages, lenders focus on factors such as borrowing capacity and credit score to determine eligibility.
Understanding these deposit requirements and criteria can help you navigate the process of obtaining a let to buy mortgage more effectively.
The income needed for a let to buy mortgage in Liverpool is subject to the lender’s affordability criteria.
Typically, lenders assess your annual income to ensure that you can comfortably manage both the mortgage repayments for the property you intend to let out and the one you plan to live in.
As a general guideline, most lenders will expect your total annual income to cover at least 125% of the mortgage payments for the let to buy property, in addition to your residential mortgage payments.
It’s important to note that different lenders may have varying income requirements, so it’s advisable to have a conversation with a mortgage advisor in Liverpool.
They can assess your specific circumstances and help determine the precise income threshold for your let to buy mortgage application. This way, you can make well-informed decisions about your mortgage journey.
Read our 268 Reviews
Liverpoolmoneyman is a trading name of UKMM Limited, which is an appointed representative of Mortgage Advice Bureau (Derby) Limited, who are authorised and regulated by the Financial Conduct Authority.
UKMM Limited is Registered in England, No. 16541342 | Registered Address: Capital House, Pride Place, Pride Park, Derby, England, DE24 8QR.
© Liverpoolmoneyman 2025.
Contact
Follow Us
Liverpoolmoneyman is a trading name of UKMM Limited, which is an appointed representative of Mortgage Advice Bureau (Derby) Limited, who are authorised and regulated by the Financial Conduct Authority.
UKMM Limited is Registered in England, No. 16541342 | Registered Address: Capital House, Pride Place, Pride Park, Derby, England, DE24 8QR.
© Liverpoolmoneyman 2025.
Speak to an Advisor
7 Days a Week, 8am – 10pm
