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A let to buy mortgage in Coventry allows homeowners to rent out their current property while purchasing a new home to live in
This option is ideal for those who want to move but prefer to keep their existing home as an investment rather than selling it.
With a let to buy mortgage in Coventry, you take out a new mortgage on your next home while switching your current property onto a buy to let mortgage, enabling you to generate rental income.
To secure a let to buy mortgage in Coventry, your current property must be converted onto a buy to let mortgage, with the rental income helping to cover the repayments. At the same time, you take out a standard residential mortgage on your new home.
Lenders will assess your financial situation, rental income potential, and affordability for the new mortgage before approving your application.
This can be a great way to move home while building a property portfolio.
Eligibility for a let to buy mortgage in Coventry depends on factors such as your current mortgage balance, expected rental income, and financial stability.
Most lenders require the rental income to cover at least 125-145% of the mortgage payments on the existing property.
Some may also require you to have a certain level of personal income to qualify for the residential mortgage on your new home.
Your home may be repossessed if you do not keep up repayments on your mortgage.
There may be a fee for mortgage advice. The fee is up to 1% but a typical fee is £495.
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196 5 Star Reviews
Alex Campbell
Amazing help from these guys, we are first time buyers and Warren was our dedicated Morgate advisor and he made the whole process seem easy and straightforward, he went above and beyond to help me and my partner and explained it all in great detail, best of all he was very down to earth and gave it to us strait. Would 100% recommend
15 Jul 2026
Steve Taylor
Excellent Customer Service from initially Dan who arranged our Lifetime Mortgage. The members of the Admin Team were always friendly and helpful. Special mention to Kerry Bewell for her willingness, post-completion, to help when needed. I would definitely recommend UK Moneyman to others.
6 Jul 2026
Dan
Couldn't recommend more! Conor's service was excellent from start to finish and make the process as easy and smooth as possible especially since we didn't even know where to start.
6 Jul 2026
Eva Elliott
We used money man to help us find a mortgage for our first house nearly 7 years ago. They were brilliant at helping us navigate as self employed people. We are just about to use them for our next house!
1 Jul 2026
Rob Shireby
Chris, Ami and Malcolm are all great people, very good experience.
24 Jun 2026
keith mantle
UKmoneyman helped us to obtain a mortgage.. They are a professional and helpful companywho we would reccomend to anyone seeking a mortgage Regards, Keith & Sandra Mantle
12 Jun 2026
Adam Bateman
Just wanted to comment on the experience I have had dealing with uk moneyman for my re mortgage. The team have been excellent throughout, special shout out to Stacy Waudby who has been a pleasure to deal with and has really been pro-active and helpful. I would definitely recommend them to anybody looking for independent mortgage advice
9 Jun 2026
amber sheridan
Ami has been great. She explained everything clearly and answered all of our questions (silly or not). Communication was great, genuinely couldn't recommend this service or our advisor Ami more.
28 May 2026
Keith Hirst
UK Moneyman have helped with my mortgage and remortgage for many years. Always really helpful and knowledgeable. My latest remortgage was done with Conor, who was great at making sure I was getting not just the best deal, but the right deal for my needs.
22 May 2026
Victor Abrams
I found Warren Bailey to be a very helpful and knowledgeable advisor when I discussed with him the potential options for a retirement mortgage . He had contacted me within a day of my seeking an initial conversation with him , and he reassured me there were lenders out there who would consider a mortgage paid out of pension , despite my own bank nort even talking to me as I was over 70 ! Within a couple days Warren had led me through the onboarding process , had explained what documents were needed and had found me a lender suited to my requirements. An excellent experience, and I would recommend him strongly to people looking for a retirement mortgage, and generally . Victor Abrams
15 May 2026
Book a free initial consultation to discuss your options for a let to buy mortgage in Coventry.
We’ll assess your current mortgage, rental potential, and affordability for your next home.
We compare let to buy mortgage deals from various lenders, ensuring you get the most suitable mortgage for both your rental property and new home.
Once we’ve found you the right mortgage, we handle the full application process, ensuring all paperwork is completed correctly.
We liaise with both lenders to keep everything running smoothly.
When both mortgages are approved, we guide you through the final steps, ensuring a smooth transition into your new home while securing your rental property financing.
We specialise in helping homeowners secure a let to buy mortgage in Coventry, ensuring you fully understand the process and your financial options.
Our expert mortgage advisors in Coventry will guide you through every stage to make the transition as seamless as possible.
We compare thousands of mortgage products, including lenders who specialise in let to buy mortgages in Coventry.
Whether you need a competitive buy-to-let rate or a flexible residential mortgage, we’ll find the most suitable deal for your needs.
Let to buy mortgages involve managing two separate mortgage applications, but we take care of everything for you.
We handle the paperwork, liaise with lenders, and ensure a smooth process from start to finish.
We understand that arranging a let to buy mortgage can be time-consuming, which is why we’re available seven days a week.
Whether you need advice in the evening or over the weekend, we’re here to help when it suits you best.
Our Home Buying App is a digital mortgage coach designed to help you save up, plan, and track your home buying journey – whether you’re buying your first home, or fancy a move.
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Coventrymoneyman is a trading name of UKMM Limited, which is an appointed representative of Mortgage Advice Bureau (Derby) Limited, who are authorised and regulated by the Financial Conduct Authority.
UKMM Limited is Registered in England, No. 16541342 | Registered Address: Capital House, Pride Place, Pride Park, Derby, England, DE24 8QR.
© Coventrymoneyman 2009–2026
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Coventrymoneyman is a trading name of UKMM Limited, which is an appointed representative of Mortgage Advice Bureau (Derby) Limited, who are authorised and regulated by the Financial Conduct Authority.
UKMM Limited is Registered in England, No. 16541342 | Registered Address: Capital House, Pride Place, Pride Park, Derby, England, DE24 8QR.
© Coventrymoneyman 2009–2026
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