Andy Jones, corporate and lettings business director for leading estate agency Your Move, said the concept was focused on freeing up property.
He suggested that the let-to-buy market was expanding because it not only offered people the chance to build a portfolio, but also buy property elsewhere.
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And he revealed that the type of person taking on a let-to-buy mortgage was different to buy-to-let investors, suggesting it was more about “opportunity and circumstance”.
“If you want to sell your house here and move on to somewhere else and buy in another place the alternative now is you can let your house out and the letting agent will look after it for you, giving you the option to continue to build equity in that property,” he said.
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“Also, if your circumstances change and you need to come back to where you were, then you can come back to your original property. So it gives customers a lot of different options.”
He added that it was more appropriate for more established customers who have had a property for a number of years.
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