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LET
TO BUY MORTGAGE
No this is not
a spelling mistake, a let to buy mortgage (LTB) is the opposite
of a buy to let (BTL) mortgage and is a lender which allows for
you to buy a second property which you live in, allowing you to
retain your current property as an investment and let it out . That
way you keep it, and hoping that the price of the property will
increase, while collecting a rental income, which if done correctly
should cover your existing mortgage payments and again with some
luck give you a small surplus each month.
This type of
LTB mortgage, will be required for a variety of clients, for a variety
of reasons:
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Maybe moving
with your job, to a different part of the country for a period
of time and wishing to maintain your roots in your home
city. |
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Maybe wishing
to be nearer ageing or long term sick relatives. |
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Maybe wishing
to move to a better area as property prices in your
current area have gone down, and your waiting for a regeneration
project to allow property prices to rise again. |
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Or that
you like the idea of being a landlord, and wish for an investment
property that may help your pension income in retirement. |
What ever your
reason Capital Alliance Financial Services Ltd can help you find
the correct mortgage that is right for you as we are Independent
and work for you. We will also guide you through the process from
start to finish, including Legal matters, Insurance, and Landlord
information.
Click &
complete the initial enquiry form, and one of our Certified Advisors
shall contact you.
THINK
CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP
REPAYMENTS ON YOUR MORTGAGE
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