Source: Mortgage Introducer —
Bridge to let mortgages work well for homebuyers who would be unable to afford a property using a traditional mortgage. But what is bridge to let finance? Who does bridge to let work best for and what are the main advantages? Here is everything you need to know.
What is bridge to let?
A form of bridging loan, a bridge to let mortgage is designed to aid investors who want to purchase a home they would otherwise not be able to afford using a more traditional mortgage. A standard bridging loan is optimal for developers who want to sell off their property not long after buying. Bridge to let mortgages, on the other hand, are more ideal for landlords who want to retain the property in order to house tenants.