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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.
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168 5 Star Reviews
Hayley Robertson
Cannot recommend Hullmoneyman enough. I have used them for years and they are always so helpful and thorough. They make the remortgage process so simple. All the team are really friendly and go above and beyond for you. Thank you so much.
13 Apr 2026
Joe Moore
Excellent service from start to finish. The whole process has been made really easy and stress-free. Warren and Paula have both been especially helpful, responsive, and great to deal with throughout. Highly recommend.
25 Mar 2026
Onyinye Christiana Agbasi
Tom and Paula were very helpful. Kept me updated throughout, Answered all my questions promptly. Outstanding support I received from them.Will really recommend anytime.
18 Mar 2026
Emma Bannigan
I really can’t recommend enough. We were on a time crunch and had to move quickly which was understood! The advice and check ins that came when we experienced problems and delays really helped settle my mind. Thank you!
17 Mar 2026
Charlotte Charlie Chaz
Go back to Leo at UKmoneyman time and time again. Professional, friendly, all staff so helpful. And Leo is incredible! Thanks again. Could not recommend enough!
16 Mar 2026
Callum Lenton
Great and fast service, very commutative and worked me through every step very easily and was approved from a lender less than 10 days later, extremely happy and was stress free
17 Feb 2026
Hulltiger Reefing (HullTiger86)
Brilliant service through out from Dinah H and Jo P. Made renewing our mortgage really simple. Second time we have used hull money man, as they arranged our initial mortgage. Would definitely recommend them and will use them again in 5 years.
12 Feb 2026
Angie Robinson
I’ve had an outstanding experience with Hull Moneyman helping me renew my mortgage. Their team is knowledgeable, professional, and was truly committed to helping me find the best financial solutions. Communication was always quick and clear, and they went above and beyond to ensure every detail was handled efficiently. I highly recommend Hull Moneyman to anyone looking for trustworthy and expert brokerage services — definitely a five-star experience
6 Feb 2026
Monika Marcinkowska
I am so glad that I had been advised to use the hull money man as a mortgage advisor. From the first days they were amazing, straight forward, easy, very friends and clear with the language even for a first time buyer like me. Chris included all my needs in the application and I didn’t even expect that I would get anything better than what I got. He was my sense of direction and I am grateful to have had him. Thank you again to Chris and Jo, I will definitely recommend them to anyone buying their first property without any stress or hassle.
3 Dec 2025
Elvis Alen Dragoi
Jason and Lizzi were brilliant. It was our first mortgage and they made our life much more easier than we thought. Great service. Thank you very much.
17 Oct 2025
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.
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.
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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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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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