Not Selling your existing Home Let to Buy Let to Rent or Let to live with Family

Not selling your existing home | It is common for people to let their existing property and either buy or rent | Known as let-to-buy or let-to-rent mortgage lenders take different approaches to this type of lending and in this insightful video Mr Payam Azadi presents the options available | He expands to encapsulate using a limited company which may have tax advantages. #LettoBuy #LettoRent #Lettolivewithfamily THINK CAREFULLY BEFORE SECURING DEBTS AGAINST YOUR HOME OR PROPERTY. A mortgage or other loan secured against your home or property may be repossessed if you do not keep up repayments, or if you do not repay it at the end of the term. If you are thinking of consolidating existing borrowing, you should be aware that you may be extending the term of the debt and increasing the total amount you repay. Niche Advice Limited is a mortgage and credit broker, not a lender, and does not lend money directly to clients. Niche Advice Limited is authorised and regulated by the Financial Conduct Authority. FCA Firm Reference Number: 750263. The Financial Conduct Authority does not regulate every mortgage or secured finance product. Commercial mortgages, business buy-to-let mortgages and some bridging finance are not normally regulated by the Financial Conduct Authority. Consumer buy-to-let and regulated mortgage contracts are treated differently, and the protections available to you depend on the product, the borrower, how the property is used and your circumstances. A Let-to-Buy (i.e. turning your existing home into a buy-to-let and moving to a new home) is normally classified as a regulated mortgage contract, under the “accidental landlord” rule so attracts consumer protection. If the applicant already owns a buy-to-let at the point of this transaction then in may fall outside of regulation. A suitably qualified Mortgage and Credit Broker can explain what does and does not apply to your case.