Often, in a downturned sales market, a property cannot be sold and yet it is essential for the vendor to move home. In these scenarios, it may be possible to rent the home out on a ‘Let to buy’ mortgage and still proceed with buying the new home. Of course, this is very dependent upon the mortgage situation and interest rates being favourable. If you find yourself in a situation where you NEED to move, but cannot sell your current property, please get in touch and we can talk through your options.
*Data Source: Homelet Insurance 2018