A let to buy purchase and mortgage means renting out your current home to buy a new one. You’ll remortgage your current home and apply for a new mortgage for the new home.
Both mortgages run together but might be with different lenders. You’ll use funds from one mortgage as a deposit for the other property.
It’s a way to become a homeowner while generating rental income from your current property.
The Financial Conduct Authority does not regulate some types of buy to let or commercial mortgages.
To secure a let to buy mortgage in London, you must meet certain criteria. Your trusted mortgage broker in London will assess your circumstances during a free initial appointment to see if it’s right for you.
To qualify, you’ll need to show affordability, have a 10% deposit for your new home, and a 25% deposit for the let to buy mortgage. You can use released equity from your remortgage to achieve the deposit.
You should also generate rental income covering at least 125% of the mortgage payments.
Even with bad credit, you can still get a let to buy mortgage in London, thanks to lenders offering products for such situations. Your mortgage advisor in London will guide you through the process and ensure you meet the criteria for the right let to buy mortgage.
A let to buy mortgage in London is a variant of a buy to let mortgage, and the names may sound similar. A buy to let mortgage involves purchasing a property with the intention of letting it out for additional income.
With a let to buy mortgage in London, the scenario often arises with “accidental” landlords. These are homeowners who initially didn’t plan to become landlords but later changed their plans and decided to rent out their current home.
Instead of dealing with the stresses of selling their home and buying a new buy to let property, they opt to rent out their home, using the rental income to help pay off their new residential mortgage.
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.
Our Customers Love Us
215 5 Star Reviews
Joseph Harros
As first-time buyers, we had very little knowledge of the mortgage process and found it quite daunting, especially with rising interest rates and uncertainty in the property market. We’re extremely grateful to Dinah and Jo for their support and would highly recommend UK Moneyman to any first-time buyer looking for a professional, knowledgeable and supportive mortgage broker.
29 Oct 2026
Jade Wilmot
As first-time buyers, we had very little knowledge of the mortgage process. We changed properties along the way, and our circumstances made the mortgage process more complex than we initially expected. Dinah and Jo were absolutely brilliant throughout. We would definitely recommend UK Moneyman to anyone looking to set up a mortgage.
29 Oct 2026
Diane A
First class service. Jason and Lizzie helped me immensely getting a good mortgage quickly when I found myself separated. They pulled out all the stops and even spoke to me after hours. Excellent and would highly recommend. I can’t thank them enough. I now have my dream home
28 Oct 2026
Chloe Gathergood
Paula and Jason have been so helpful in getting our first mortgage sorted. They were quick to answer any questions and very helpful with their advice. Thank you very much
23 Oct 2026
Rebecca Joy
Leo and Lizzi were exceptionally helpful. Leo gave us great advise, not just on products available, but on things like bidding on properties, whether we were likely to be approved for more complicated properties etc. Lizzi was very communicative and thorough in processing our application, and after our first sale fell through we didn't hesitate to use UK Moneyman again. Thanks so much to Leo and Lizzi!
15 Oct 2026
Callum Kennedy
Very helpful and informative. Made the process as easy as possible. Would recommend to other
14 Oct 2026
Barry Hall
I had a financial issue that I thought was pretty unique to myself. The help and solution to my financial question has been exceptional in every step of the way. A big thank you to Warren and Joe for all of your patience and technical expertise.
14 Oct 2026
Megan Whitlock
The team working with my profile were amazing, I was in constant communication with them, if I emailed and rang someone responded quickly and they were able to secure my mortgage within 6 weeks from my initial meeting which saved me a lot of messing around and stress. Great service thank you
14 Oct 2026
Linda Chadwick
Amazing company very helpful and patient fantastic staff at the Hull branch nothings to much trouble sorted me a morgage out quickly and efficient i would recommend them 100%
14 Oct 2026
Natalie Rose
We’ve had Elaine Tiernan as our mortgage advisor and she has helped us out so much in the process of being approved with our first mortgage. From working around our working hours to arrange phone calls and online teams meetings to being prompt to respond to our enquiries. Elaine has been nothing but helpful, professional and supportive in our journey this far and we are very grateful to have had her as our mortgage advisor. Thank you to Paula aswell for always checking up on us and ensuring the process was as smooth as possible. Natalie and Liam
13 Oct 2026

To find out what investment goals are achievable, you are best speaking with a dedicated let to buy mortgage advisor in London.
During this appointment, your mortgage advisor will determine whether it is best to take out an interest-only let to buy or a repayment mortgage.

Our mortgage advisors in London search through 1000s of mortgage deals to find the best let to buy mortgage product that may help your investment goals!
We will then get your mortgage agreement in principle, which can be a great tool to support all the property purchase offers you want to make.

When your offer has been accepted, your mortgage advisor in London will submit your full mortgage application and forward any evidential documents to the lender.
During this process, your mortgage lender will stress-test your projected rental income to ensure you can afford all monthly payments, plus some additional costs.

Whether you are a new or existing landlord with several properties to your name, making it is important to recommend relevant insurances to cover you in times of need.
We will also contact you when your let to buy the mortgage needs to be renewed to make sure you are on the most suitable deal for your investments.
As a company, we always aim to make the process as simple, stress-free and jargon-free as we possibly can. To gain a deeper understanding of the relationships we form with landlords and the service levels they receive, please take a look at our genuine customer reviews. You’ll come to realise why so many choose us for their let to buy in London.
The process of obtaining a mortgage on a let to buy in London is never easy. We’re here to make the process as simple as we can. Our team have a lot of experience with mortgages for a let to buy in London, forming relationships with landlords who come back time and time again for their mortgage needs.
As an experienced mortgage broker in London with a long history of helping customers with their let to buy in London, we always work hard to ensure that our customers are well-guided and supported, all throughout their mortgage process.
We make sure that we keep up to date with the latest buy to let legislation and mortgage lending criteria. Doing this allows us to continuously provide our customers with accurate, reliable and appropriate mortgage advice in London. Your trusted mortgage advisor in London will be by your side from your first point of contact, all the way through to completion.
Our mortgage advisors in London will be available all throughout the week, from early on in the morning, until late at night. That even covers weekends and some bank holidays! We’re available at a time that suits you and your busy schedule.
Our Home Buying App is a digital mortgage coach designed to help you save up, plan, and track your home buying journey – whether you’re buying your first home, or fancy a move.
Download For Free
Speak to an Advisor
7 Days a Week, 8am – 10pm
We value your privacy
This website uses cookies. If you continue to use the site, we will assume that you agree with our use of cookies.