Cribs Estates Ltd
Phone
WhatsApp
Back to the blogs list

What Is a Buy to Let Mortgage?

Landlords Property Market
Posted in   May 06 , 2025
Let-to-buy-mortgage

Anyone who is a homeowner in the UK considering moving from their house but wants to change their current property to a rental should consider a let-to-buy mortgage. It is a modern way to rent out your existing home whilst purchasing a new one for yourself, and it's become a popular choice for landlords looking to invest in property without selling their homes. 

Understanding Let to Buy Mortgages

A let to buy mortgage is designed for people who want to let out their current home and use the equity in it to help buy a new property to live in. It’s different from a traditional buy to let mortgage, where you purchase a property specifically as a rental investment. With let to buy, you already live in the home, you just change its purpose.

In practical terms, you remortgage your current home using a buy to let mortgage, then use the equity released from that remortgage as the deposit for your new residential home. You will now own two properties: one that you live in and one that you rent out.

Why Consider Let to Buy?

There are many reasons someone might choose a let to buy mortgage. Perhaps the housing market is slow, and selling your property right now wouldn’t give you the price you want. Or maybe you’re moving in with a partner or relocating for work, but you don’t want to lose your current home just yet.

Let to buy gives you flexibility. You can generate rental income from your old property whilst settling into a new one. If you later decide to sell the rental property, you still have that option. Or, you may find you enjoy being a landlord and wish to continue building a property portfolio.

How the Process Works

To begin with, you will need to apply for a buy to let mortgage on your existing home. This replaces your current residential mortgage and allows you to legally rent out the property. You must inform your current mortgage lender of your plans, and it is not legal to let a property under a standard residential mortgage without permission.

Once your let to buy mortgage is approved and completed, you’ll typically release some equity. That money can then be used as a deposit for a residential mortgage on your new home, which your estate agent can carry out. 

Requirements for a Let to Buy Mortgage

Landlords must consider some requirements, such as having enough equity in the existing home to use as a deposit for the new home, which is generally a minimum of 25%. The income generated from the old property must be easily affordable by the lender. Moreover, the credit score, income, and other debts will be checked to ensure you can afford a mortgage even with tenants at your place. Some lenders also ask that the new home be your primary residence and that you have no plans to return to your previous property. 

The Risks to Consider

Let to buy mortgages are flexible, but they come with a responsibility. When you become a landlord, you now need to follow all legal duties, including safety measures, tenancy agreements, and property maintenance. You must also remember when the property will be vacant to calculate rents. Apart from this, there is also a chance that your property gets affected by the interest rate and mortgage rules. When your rental income cannot cover the mortgage, the new home becomes costly, thus adding to your financial burden. 

Tax Implications

The impact is usually on the tax situation because renting the old home will be subject to income tax. You will also be liable for GST when you sell the property on a profit margin, as it is not your primary residence now. 

The stamp duty rate increases when you purchase the new home because you now own multiple properties. So it’s a good idea to have a reliable estate agent like Cribs Estate who fully understands how to manage it from all aspects. 

Is Let to Buy Right for You?

Let to buy mortgages aren’t for everyone, but for the right person, they can be a smart move. If you have strong equity, a solid income, and a clear plan for becoming a landlord, this approach can allow you to move forward without letting go of a valuable asset.

It’s especially useful in situations where selling is difficult or if you think your property’s value may rise in the future. But it does require a good understanding of both the property and rental markets, as well as a realistic view of what being a landlord involves.

How Cribs Estates Can Help You with Let to Buy

At Cribs Estates, we assist homeowners and landlords across London in making the right property decisions, including when considering a let to buy mortgage. Our expert team can guide you through the legal and financial aspects, help you prepare your current home for rental, and even manage the letting process for you.

Whether you’re new to property investment or looking to grow your portfolio, we’ll help you take the next step with confidence. From tenant sourcing and compliance to full property management, we’ll handle the details whilst you focus on your future plans.


Shared on social media

Comments


Latest Blogs

South West London Property Market Update: Trends, Prices, and Insights for 2025

If you're planning to buy, sell, or invest in property in Surrey or South West London, knowing the latest market trends is key. The 2025 property market is already showing signs of change, with shifting buyer behaviour, price adjustments, and local demand creating new opportunities. This guide gives you a clear picture of what’s happening in Surrey and South West London this year, with easy-to-understand insights and up-to-date facts. What’s Driving the Market in 2025? The UK property market saw a slowdown in late 2023 and early 2024 due to high interest rates and economic uncertainty. However, 2025 has started more positively, thanks to a stabilising economy, falling inflation, and expectations of lower mortgage rates. Surrey and South West London are benefiting from this shift. These areas remain highly desirable, offering a balance of green space, transport links, good schools, and access to central London. Demand is returning, especially from families, professionals, and investors looking for long-term growth. Average Property Prices in 2025 Here’s a look at the average prices in Surrey and key parts of South West London as of Q2 2025: Area Average Price Annual Change (YoY) Surrey (overall) £510,000 +2.1% Wandsworth £695,000 +1.8% Kingston upon Thames £615,000 +2.5% Richmond upon Thames £755,000 +1.4% Merton (e.g. Mitcham) £510,000 +3.2% Sutton £480,000 +2.0% Prices have grown modestly compared to the sharp increases during the pandemic. However, the market remains stable — a sign of long-term confidence returning among buyers and sellers. Surrey Market Trends 2025 1. More Family Buyers Returning Surrey continues to attract families thanks to its excellent schools, space, and lifestyle. Towns like Guildford, Epsom, and Reigate are seeing growing interest, especially from Londoners looking to upsize. 2. Demand for Green and Hybrid Living Post-pandemic lifestyle changes are still influencing demand. Buyers want homes with gardens, space to work from home, and access to both countryside and city — and Surrey ticks all those boxes. 3. New Build Developments Growing Several towns in Surrey are seeing new residential developments, especially near transport links. These homes are energy-efficient and appeal to younger professionals and downsizers alike. South West London Trends 2025 1. First-Time Buyers Eyeing Outer Zones Places like Mitcham, Tooting, and Norbury are seeing stronger demand from first-time buyers in 2025. These areas offer better value compared to more central boroughs, yet still have good travel connections and community feel. 2. Rental Market Remains Strong With high rental demand and limited supply, landlords in Wandsworth, Merton, and Sutton continue to benefit from rising rents. Many investors are choosing to hold rather than sell, especially with interest rate cuts on the horizon. 3. Price Sensitivity Among Buyers Buyers in South West London are still cautious about pricing. Properties that are realistically priced are selling quickly, but overpriced homes are sitting longer on the market. Mortgage Rates and Buyer Confidence Although mortgage rates remain higher than the historic lows of 2021, they’ve started to drop in early 2025. This has brought cautious optimism among buyers. Average 5-year fixed rate: ~4.2% (down from 5.3% in 2024) First-time buyer mortgage approvals: Up by 7% in Q1 2025 Buy-to-let activity: Stable, with signs of recovery in some boroughs Lower interest rates are expected later in 2025, which may lead to more activity during the summer and autumn months. Top Areas to Watch in 2025 Mitcham (Merton Borough) Growing demand from first-time buyers and families Improved high street and local amenities Strong rental returns and new developments Tooting (Wandsworth Borough) Vibrant atmosphere with a mix of cultures and property styles Underground and National Rail links boost value Popular among young professionals and couples Sutton Excellent schools and family-friendly environment More affordable than neighbouring areas Expected to grow as infrastructure improves Kingston and Surbiton Attractive riverside living with high-quality schools Demand remains high from both buyers and renters What Should Buyers and Sellers Expect? Buyers: Be ready to act fast for well-priced homes. Compare mortgage deals early and get an Agreement in Principle. Consider areas slightly further out for better value (e.g., Norbury or Carshalton). Sellers: Price your property realistically — buyers are more informed than ever. Good presentation and recent upgrades (like energy-efficient features) help sell faster. Work with a local agent who knows how to market your type of property. How Cribs Estates Helps You Navigate the 2025 Market At Cribs Estates, we understand that the property market can feel confusing — especially with all the recent changes. That’s why we’re here to support you every step of the way. Here’s how we help: Accurate Valuations: We keep up with real-time data and local trends so you get the right price. First-Time Buyer Support: From mortgages to viewings, we explain everything in simple terms. Local Expertise: Based in South West London, we know the hidden gems and best streets. Flexible Viewing Options: Whether you prefer in-person or virtual viewings, we make it easy. Honest Advice: We don’t pressure you — we guide you based on what’s best for your situation. Thinking of buying, selling, or renting in Surrey or South West London?Let Cribs Estates be your local guide in 2025 — helping you make the right move with confidence.

Read more

Key Stamp Duty Changes in 2025: A Guide for Buyers

If you're a homeowner looking to purchase a property in the UK in 2025, it's essential to be aware of the latest Stamp Duty changes. Whether you're buying for the first time or relocating to a new house, Stamp Duty can make a substantial addition to your bill. In this guide, we'll take you through the most significant Stamp Duty changes in 2025 and their impact on buyers such as yourself.What is Stamp Duty?Stamp Duty Land Tax (SDLT), commonly called Stamp Duty, is a tax you pay when buying a property or land in England and Northern Ireland. The amount depends on the property's price and your situation – whether you’re a first-time buyer, purchasing a second home, or a non-UK resident.What’s New in 2025?The government has made several Stamp Duty changes in 2025 to help more people enter the housing market. Here are the most important updates:1. The Return to Pre-2022 ThresholdsIn September 2022, the government increased the threshold at which Stamp Duty begins to support buyers during tough economic times. However, this was only a temporary measure. As of 1 April 2025, these thresholds have reverted to their original levels:The zero-rate threshold for all buyers has now returned to £125,000 (from £250,000 under the temporary relief).For first-time buyers, the threshold has dropped from £425,000 to £300,000. This means first-time buyers now pay Stamp Duty on any amount above £300,000 instead of £425,000.Example:If you're a first-time buyer purchasing a property worth £350,000:In 2024, you would’ve paid Stamp Duty on £25,000.In 2025, you will now pay Stamp Duty on £50,000.2. Higher Rates for Second Homes and Buy-to-LetIf you’re buying a second home or a buy-to-let property, you’ll continue to pay an extra 3% surcharge on top of standard Stamp Duty rates. This remains unchanged in 2025, yet it still affects many buyers.3. Changes for Non-UK ResidentsNon-UK residents must still pay a 2% surcharge on top of regular rates. This rule was introduced in April 2021 and remains in effect through 2025. The government has not made any new updates to this, but it’s still important to be aware if you're buying from abroad.Current Stamp Duty Rates in 2025Here’s a breakdown of the Stamp Duty rates from April 2025:Price BracketStandard RateFirst-Time Buyer RateUp to £125,0000%0%£125,001 – £250,0002%0%£250,001 – £925,0005%5% (on amounts over £300,000)£925,001 – £1.5 million10%10%Over £1.5 million12%12%Keep in mind:First-time buyers do not pay anything up to £300,000.All other buyers start paying from £125,001.Additional home buyers pay an extra 3%.Non-residents pay an additional 2%.Why Did the Government Make These Changes?The temporary cuts in 2022 were part of a plan to support buyers during uncertain times. However, the Treasury has stated that returning to previous thresholds is necessary to support public services and bring balance back to the market.By lowering the zero-rate threshold, the government will collect more in taxes, especially as house prices remain high in many parts of the UK.How Will These Changes Affect You as a Buyer?First-Time Buyers:You may end up paying more Stamp Duty than last year. If your home is priced between £300,000 and £425,000, expect a higher tax bill.Home Movers:Buyers moving to a new home will feel the impact more strongly due to the drop in the nil-rate threshold from £250,000 back to £125,000. A £350,000 purchase, for example, now has £6,250 more Stamp Duty than before.Investors and Second Home Buyers:You already pay a 3% surcharge, and with the lower base thresholds, your tax bill might be significantly higher.Non-Residents:Nothing new has been added, but the 2% surcharge still applies. This makes it more expensive for foreign investors.Tips to Minimise Your Stamp Duty CostsIf you can find a property just under the next tax band, you can save thousands.If one of you qualifies, you may still get the relief.Shared ownership homes or certain leasehold properties may have different rules.Speak to a solicitor or tax adviser before you make an offer.How Cribs Estates Helps Buyers in 2025Navigating the property market can feel overwhelming, especially with changing tax rules like Stamp Duty. That’s where Cribs Estates steps in to make things easier for you.Here’s how we help buyers:We explain what you’ll pay and why, helping you plan your budget better.Our team helps you find homes that fit your goals, and avoid unnecessary Stamp Duty charges where possible.We guide you through the entire buying process, from mortgage advice to legal steps.Whether you're looking in Merton, Mitcham, or other parts of South London, we know the market inside out.Every buyer’s situation is different – we give tailored support based on your goals and budget.Looking to buy a home in 2025? Contact Cribs Estates today to get expert help, avoid surprises, and make your home-buying journey stress-free.

Read more

Best Commercial Property Management Services in South West London

Commercial property management is a highly demanding task in South West London. No matter if you own an office, a retail business, or a warehouse, you must do your best job to ensure property management success. In this guide, we will explore key tasks for property management and discuss why you should consider them seriously. What Is Commercial Property Management?Commercial property management involves the day-to-day oversight of non-residential properties. It includes handling tenant relations, maintenance, rent collection, lease management, legal compliance, and financial reporting. The ultimate goal is to maximise the value and return on investment for landlords whilst ensuring tenants receive professional and reliable service.Why Is Commercial Property Management Important in South West London?South West London is a global business hub with high demand for commercial space. From tech startups in Shoreditch to retail shops in Kensington, the commercial property market is diverse and dynamic. Without proper management, even the best-located assets can lose value due to tenant disputes, maintenance issues, or non-compliance with legal requirements.Key Responsibilities of a Commercial Property Manager1. Tenant ManagementFinding and keeping good tenants is essential. Property managers handle viewings, vet applications, negotiate lease terms, and manage ongoing tenant relationships. A happy tenant is more likely to renew their lease and take better care of the property.2. Rent Collection and Financial ReportingTimely rent collection is crucial for cash flow. Managers send out invoices, track payments, chase arrears, and maintain accurate financial records. They also provide monthly or quarterly reports to landlords for better financial planning.3. Maintenance and RepairsFrom routine inspections to emergency repairs, a good property manager ensures the building is always in working order. This includes organising contractors, scheduling regular checks, and keeping the property compliant with health and safety regulations.4. Legal ComplianceIn South West London, landlords must comply with numerous regulations including energy efficiency standards, fire safety laws, asbestos management, and accessibility requirements. A professional property manager keeps up-to-date with these laws and ensures the property meets all necessary standards.5. Service Charges and BudgetingFor multi-tenant properties, service charges cover common area maintenance, security, cleaning, and utilities. Managers calculate, collect, and account for these charges transparently to avoid tenant disputes.Challenges in Commercial Property ManagementManaging commercial properties in a city like London comes with its own challenges:High tenant expectationsFast-changing regulationsRising maintenance and service costsIncreased demand for sustainable and energy-efficient buildingsDealing with long lease negotiations and complex contractsAn experienced commercial property manager helps landlords navigate these challenges smoothly.Choosing the Right Commercial Property Management Company in South West LondonWhen selecting a property management firm, consider the following:Local knowledge: Understanding London’s property market is key.Experience: Look for proven experience with similar property types.Services offered: Make sure they cover everything from lettings to legal compliance.Transparency: Clear fees, regular reporting, and no hidden charges.Accreditation: Membership of bodies like ARMA, RICS, or SAFEagent is a plus.Technology and Modern Property ManagementToday, many property managers use digital platforms for rent collection, maintenance tracking, and tenant communication. This increases efficiency and transparency. Landlords can access financial reports and updates through online portals, saving time and paperwork.Sustainable Property ManagementSustainability is becoming a priority in London’s commercial sector. Tenants and investors are looking for greener buildings with lower energy costs and a reduced carbon footprint. A forward-thinking property manager can help upgrade your building’s energy performance and implement eco-friendly solutions.Why Choose Cribs Estates Ltd?Cribs Estates Ltd brings a wealth of experience, local expertise, and commitment to service that landlords can rely on. Whether you own a single unit or a portfolio of commercial spaces, we offer:Personalised property management tailored to your goalsTransparent communication and detailed reportingEfficient tenant management and rent collectionFull legal and regulatory compliance supportReliable contractor network for repairs and upgradesWe understand the challenges of managing commercial property in one of the world’s busiest cities. Let us take the stress out of your investment so you can focus on growth.Get in touch with Cribs Estates Ltd today and find out how we can add value to your commercial property portfolio.

Read more

Property Management Firm Near You That you Can Trust

When someone types “property management firms near me” into a search engine, it usually means they’re looking for trustworthy support, whether they’re a landlord who wants peace of mind or a tenant who wants a well-managed home. The choices can be overwhelming in a city as busy and diverse as London. That’s why Cribs Estates is proud to be the go-to local property management firm for landlords and tenants in South West London. With a personalised approach, deep local knowledge, and reliable services, Cribs Estates continues to earn the trust of property owners and renters alike. A Local Property Management Firm with Deep London Roots Unlike national companies that treat property as just another business transaction, Cribs Estates is rooted in South West London. We understand the area, the people, and the properties. Our team knows which streets are most in demand, what type of tenants are looking in each location, and how to attract the right renters quickly. This local expertise allows us to set competitive rental prices, offer accurate advice, and provide a truly hands-on service for all our clients. Tailored Property Management That Fits Your Needs Cribs Estates offers a fully managed service covering every rental journey step. We begin by marketing your property across leading platforms, helping you find reliable tenants quickly. Once tenants are found, we conduct all necessary checks, such as Right to Rent and full referencing, to ensure compliance and suitability. We also prepare legally binding tenancy agreements, protect deposits through government-approved schemes, and handle all check-ins and inspections. Throughout the tenancy, we manage rent collection, deal with any arrears, arrange repairs using trusted local contractors, and conduct regular inspections. When the tenancy ends, we handle notices, renewals, or re-lettings to ensure minimal void periods. Trusted by Landlords, Valued by Tenants Landlords choose Cribs Estates because they trust our honest advice, prompt communication, and commitment to protecting their investments. Tenants appreciate how approachable and responsive we are. We treat tenants fairly, resolve issues quickly, and ensure their homes are well-maintained. This balanced approach leads to long-lasting tenancies, fewer complaints, and better relationships. At Cribs Estates, a happy tenant is likelier to stay longer and treat the property carefully, benefiting both sides. Keeping You Compliant and Up to Date The legal requirements for landlords in the UK are constantly evolving, and staying on top of them can be difficult. There's much to manage, from gas safety certificates and EPC ratings to fire safety laws and deposit protection rules. Cribs Estates ensures that your property is always legally compliant. We keep track of changing regulations and handle all paperwork, inspections, and deadlines on your behalf. Whether meetingnew EPC regulations or complying with the Renters’ Reform Bill, we ensure everything is done right and on time. Regular Communication and Real-Time Support Cribs Estates is known for our transparent and timely communication. We believe landlords should never be left wondering what’s happening with their property. That’s why we update you regularly with property reports, rental updates, and prompt alerts if any issues arise. If a repair is needed, we act quickly and keep you informed every step of the way. If a tenant decides to move out, we immediately remarket your property to reduce downtime. We aim to provide peace of mind and maximum efficiency for every client. Digital Tools with a Personal Touch We use the latest property management tools to offer convenience and transparency to landlords and tenants. From digital tenancy agreements and online rent collection to real-time maintenance tracking, our systems make everything simple. But we never let technology replace the human connection. Our friendly, experienced team is always available to speak with you directly, whether in person, over the phone, or by email. We combine smart tools with a personal approach to make property management easier and more reliable than ever. Why Choose Cribs Estates Cribs Estates continues to be one of the most trusted property management firms in South West London. We care deeply about the properties we manage, the landlords who rely on us, and the tenants who call these properties home. Our service is fast, fair, and thoroughly tailored to your needs. With our combination of local expertise, legal knowledge, proactive communication, and friendly service, we offer more than just management, real support, and long-term success. Ready to Work with a Property Management Firm You Can Trust? If you are a landlord seeking dependable management for your London property or a tenant looking for a well-managed home, Cribs Estates is here to help. Our personalised service, in-depth market knowledge, and hands-on care make us one of the best choices for property management in the area. Next time you search “property management firms near me,” remember that Cribs Estates offers more than convenience; we deliver confidence and complete peace of mind. Get in touch with us today to see how we can support you.

Read more

Property search

Residential Lettings
Price
Min price
Max price
Number of Bedrooms
Min bedrooms
Max bedrooms
Find properties
x