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A let to buy purchase and mortgage is where you rent out a home you are living in, in order to buy a new home for yourself. In order to achieve this, you will be remortgaging from a residential mortgage, which you will currently have, in order to switch onto a let to buy mortgage.
In addition to this, you will be taking out a new mortgage on the home that you are moving to. Both mortgages will occur consecutively, as you need the released funds from your remortgage on the first property, in order to put down a deposit on the new property.
This doesn’t mean using the same mortgage lender, you just have a mortgage that relies on another being completed, so you can speak to a mortgage broker in Hull to find out more.
In order to obtain a let to buy mortgage in Hull, you will have to meet the appropriate criteria. Your mortgage advisor in Hull will take a look at your case during your free initial mortgage appointment, in order to make sure that this is right for you.
The qualifying criteria for this type of mortgage includes, meeting affordability requirements for your new home, having at least a 10% for your new home, as well as a 25% deposit to put down on your buy to let (this can be equity released during your remortgage).
You will also need to make sure that your rental income can cover 125% of the payments you have for your new buy to let mortgage. A good credit score is advisable, though it may be possible to obtain a let to buy mortgage with bad credit.
As providers of open & honest mortgage advice in Hull, we have helped many customers over the years in remortgaging to switch their residential mortgage onto a let to buy mortgage in Hull.
Our team of mortgage advisors in Hull are able to search 1000s of let to buy mortgage deals, in order to find the most suitable one for your personal and financial circumstances.
Book your free initial mortgage appointment online with a trusted mortgage broker in Hull today and we will see how we are able to help you.
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
4.98 Rating810 Reviews
Cameron
As a first time buyer, I had lots of questions and uncertainties, but Hullmoneyman were incredibly helpful throughout the entire process. They took the time to explain everything clearly, kept me informed at every stage, and always made sure I had...
1 week ago
Mohammed
Jonathan & Wayne are highly knowledgeable, as well as being kind & patient. The pair helped us to transfer an existing mortgage onto a lifetime mortgage with a different lender. Their patience, care & expertise meant the process was easy to...
2 weeks ago
IAN
Excellent and seamless service thank you
4 weeks ago
Scott
We have been working with Hullmoneyman for more than 10yrs in managing both our residential and BTL product needs. Always available, professional and courteous whilst discussing and finalising the best products for us. We do not hesitate to...
1 month ago
Mrs Magdalena
I love that I don’t have to stress about my mortgage—when it ends, finding new deals, or keeping track of everything. UK Moneyman takes care of it all, finding the best options and recommending what suits me best. It saves me time, energy, and...
1 month ago
Kathleen
from start to finish money man where there beside me every step of the way … they went above and beyond my expectations. helping with advice and signposting me to the correct places nothing was too much trouble and i wouldn’t have my mortgage...
2 months ago
Alan
Excellent throughout my remortgage, always very helpful with any questions asked!
2 months ago
Sylwester
I had a great experience working with my mortgage broker. They were knowledgeable, efficient, and made the whole process smooth from start to finish. They explained everything clearly, found me a competitive rate, and handled all the paperwork with...
2 months ago
Amber
Conor has done amazing! Helping with every issue we may have faced! Couldn’t have done it with him!
2 months ago
Sarah
I had excellent service and advice from my mortgage advisor Dinah. Thank you Dinah. Sarah
2 months ago
Stephen
I personally did not deal with them this time but wafe said great and kept her up to date all the time
2 months ago
Sarah
Everything has been very well executed from beginning to end has been an excellent service thank you Dinah and also Lizzie.
2 months ago
Julie
Malcolm and his team produced excellent service and great advice. They kept us up to date with my mortgage application and all legal details. I would recommend Hull money man to anyone who will give you 100% satisfaction. Julie and John
3 months ago
Darren
A fantastic, honest, service. Very happy with the advice and guidance given by Leo and Louise, both approachable, knowledgeable, and transparent throughout the process. I would highly recommended Hullmoneyman for anyone looking for professional...
3 months ago
Ben
Outstanding service , would definitely recommend, always there to help.
3 months ago
Mark
5***** Very helpful went through all my options I would definitely recommend hullmoneyman to anyone & a special thank you to Daniel for all is help.
3 months ago
Maxine
Brilliant people, usually applying for a mortgage is very daunting but these guys, especially Warren and Debbie completely put us at ease and got us our mortgage for our happy place. Would highly recommend to everyone. Thank you so much.
3 months ago
David
Matt was brilliant for us, he got us the best possible deal we could get, always available when required and full of knowledge answering any questions we needed. Debbie was equally brilliant, both lovely to talk to and available to help when they...
3 months ago
Victor
I can't thank Chris and Jo at Hullmoneyman enough for all their help with securing my mortgage. They were incredibly supportive throughout the entire process, always available to answer my questions and explain everything clearly. They worked hard...
4 months ago
Mr Stephen
This is second occasion I have used Hullmoneyman for mortgage purposes and as the last time the process was seemless. Always keep you up to date with whats happening and questions answered very quickly. Many thanks.
4 months ago
A let to buy mortgage advisor in Hull 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.
As a team of open & honest mortgage advisors in Hull, we work every day of the week, from early on until late at night. This means we are able to offer appointments at times that are most convenient to you, subject to availability.
Our trusted team of experienced and dedicated mortgage advisors in Hull have a great knowledge of helping many homeowners to take the next step in their mortgage journey, as they take on becoming a landlord with a let to buy mortgage in Hull.
Our mortgage advice team can search through 1000s of mortgage deals for you. As a soon to be landlord taking on a let to buy mortgage in Hull, you want to know you’re on the most suitable deal for what you’re looking to do. It goes beyond just the mortgage, we aim to give you a positive customer experience.
Book your free initial mortgage appointment online today and speak with one of or fantastic mortgage advisors in Hull.
All of our customers will get to benefit from a free initial mortgage appointment that will take place either via the telephone or via Microsoft Teams on a video call.
You may think that you have a particularly complex situation, but utilising our over 20 years of mortgage advising experience, we are able to take on a vast range of mortgage circumstances. It is highly likely that we will have come across something like your situation before.
We know that getting a mortgage can be quite tricky from time to time, so we’ll make sure we are always on hand to answer any question you may have. We work for you and do everything we can to reduce your stress levels and allow you to enjoy the journey.
Read our 810 Reviews
Hullmoneyman 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.
© Hullmoneyman 2009–2026
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Hullmoneyman 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.
© Hullmoneyman 2009–2026
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