Been speaking to a mortgage adviser as we need to get a mortgage on the (mortgage free) property we are living in to buy a new residential home. We are going to rent our current property when we move to the new place. He says we need a let-to-buy not a buy-to-let and that the rates are never that good. He's suggested 4.19% fixed for 2yrs, which isn't good, and he wants £500 commission. Is he just suggesting this as he's getting a kick-back from the mortgage company? Or is he right that we have to have this kind of mortgage and that the rates for this are worse than BTL or residential?
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Let to Buy - am I being conned?
5 replies
howdypartner · 09/02/2014 15:00
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