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Let to Buy Mortgages

A let to buy mortgage is a different type of product to the much more well known buy to let mortgage. You will probably understand the latter and have a good grasp of what it is and why people would want one, but what about a let to buy mortgage, what is this for?

Well, there might be quite a few reasons why someone decides to keep their existing property and let it out, rather than deciding to simply sell it as many people do.

Reasons for this could include that you think that this is a long term investment that is a good idea, or perhaps it is simply something that is more short term whilst you are, for instance, working elsewhere but don't want to sell your home.

This is where the idea of a let to buy mortgage comes in. This sort of product is not usually regulated by the Financial Services Authority, or FSA.

Hopefully the above information explains what this sort of mortgage product is. If you think it might be of interest to you or apply to your situation then you should contact a financial expert of your choice to discuss the options for you and find what will be the right product for your particular circumstances.

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