Let to Buy mortgages in Leeds

Want to move without selling your home?

Let to buy could be the answer.

Sometimes the sensible move is not to sell your current home, but to keep it, rent it out and buy your next place at the same time. That is exactly what a let to buy mortgage lets you do. It turns your existing home into a rental and funds your onward move.

Say you and your partner each own a flat, you are moving in together, and neither of you wants to sell in a slow market. With let to buy, one of you remortgages the flat onto a buy-to-let basis and rents it out, while you take a new residential mortgage on the home you buy together. You keep the flat as an investment and still move on.‍ ‍

Let to Buy Mortgage Explained

A let to buy mortgage is an arrangement where you remortgage your current home onto a buy-to-let basis so you can rent it out, and at the same time take a new residential mortgage on the property you are moving into. The result is that you end up with two mortgages: a buy-to-let one on your old home, and a residential one on your new home.

It is a popular way to move without selling first, whether because you cannot sell quickly, you would rather hold the property as a long-term investment, or you want to avoid a fragile chain.

How Let to Buy Works, Step by Step .

The process usually runs like this. First, your current home is remortgaged onto a let-to-buy (buy-to-let) basis, and the lender checks that the expected rental income will cover that mortgage. Often, you can borrow a little more against your home’s value at the same time, which can go towards the deposit on your new place. Then you take out a new residential mortgage on the home you are buying, assessed on your own income after allowing for the buy-to-let commitment.

Both parts usually happen at the same time, or in close sequence, so the timing needs coordinating carefully. Getting the right lender for each part, and submitting them in the right order, is a big part of what makes let to buy go smoothly.

Who Let to Buy Is For

It tends to suit people who:

•Are moving in with a partner and want to keep one property to let.
•Cannot sell, or would rather not sell, in the current market.
•Want to keep their existing home as a long-term investment.
•Need to move quickly and want to avoid a chain.

Let to Buy vs Buy to Let Compared

They sound similar but are not the same.

	Let to buy	Buy to let
The property	A home you already live in and now let out	A property you buy specifically to rent out
Your reason	To move home while keeping your old one	To invest in a rental property
Number of mortgages	Two, arranged together	One, on the investment property
Onward purchase	Yes, a new home to live in	No new residential purchase involved

Things to Weigh Up

Let to buy means running two mortgages, becoming a landlord with all the responsibilities that brings, and usually needing a good chunk of equity in your existing home, often around 25%. Because you will own two properties when you complete, an additional stamp duty charge on the new home is likely, so it is worth factoring in (GOV.UK). Rates and thresholds change, so we will talk through the current position with you.

How Our Leeds Mortgage Advisers Can Help

Feel Good Financial has advised home movers and landlords across Leeds and the wider Yorkshire region since 2012, and in 2025, we arranged more than £251 million in mortgage lending. Let to buy is one of those moves with a lot of moving parts, which is where a broker really helps.

We compare deals across our extensive panel of lenders for both sides of the arrangement, coordinate the buy-to-let and residential applications so they complete together, and explain the equity, the rental stress test and the fees in plain English, before you commit to anything. No jargon and no pressure, just a clear plan to move without selling.