We're moving home and will be letting it out our current property. Can we convert to a buy to let mortgage before we move?

Posted on 11 February 2014 by Lee


We are moving house and will be letting out our current property, can we convert to a buy to let mortgage before we move out? Lee.

Lee,

The short answer is 'yes'. However it does very much depend on the gap between converting your existing property into a Buy To Let and moving to your new home. Lenders do typically like the completion of your new home, and the tennants moving in to be simultaneous, however there others who can be a little more flexible as long as you can demonstrate that you can cover both mortgages, until the tennants move in.

If you would like to discuss this in more detail then please contact one of our mortgage experts on 0844 3463 706.

Regards,

Simon

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