Simmonds Mortgages

Mortgage Brokers covering Berkshire and beyond

Call: 01184 693 037 or 07979 690 056

Let To Buy and Moving House - Wokingham

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An existing client had recently referred us to a new Wokingham client, who was looking to let-to-buy their existing property as well as move house themselves. A let-to-buy is when, you buy a new property to live in yourself and rent out your current home.

The applicants owned a residential property already but wanted to move into a different area and a bigger home. As the Wokingham applicants required more income and deposit to be able to buy their dream home we advised to re-mortgage their current property as a let to buy so we could produce additional income to help with affordability and also capital rise to obtain a bigger deposit.

Based on these steps we were able to obtain the deposit needed for the new home and could use the projected rental income for affordability. This was accepted by the new residential lender and mortgage offer was granted.

For the let to buy property we had to research a lender who could give us the most based on their rental stress calculation for the deposit and a lender who would also accept projected rental income as the tenants had not started to rent at time of applications.

Correct research of buy to let lender was key to both applications being accepted.

Myself and business development managers of both residential and buy to let lenders.

What Our Client Had To Say:

Couldn't be happier with the service that we received from Daniel Temperley. He completed two mortgage applications for us simultaneously with excellent communication at all times.


We can help you!

If you are looking to move house and are wanting advice and support with your current mortgage or finding a new mortgage scheme, don't hesitate to get in touch and see how we can help make the process easier for you. Call us on 01344 225 149 or 07979 690 056. Alternatively please send us an email at and see how we can help you!





Simmonds Mortgage Services is an appointed representative of Stonebridge Mortgage Solutions Ltd and can source the most appropriate cover from its panel of insurers with a free review of you overall protection and insurance needs. As with all insurance policies, conditions and exclusions will apply


Your home may be repossessed if you do not keep up repayments on your mortgage.

Simmonds Mortgage Services Ltd is an Appointed Representative of Stonebridge Mortgage Solutions Ltd, which is authorised and regulated by the Financial Conduct Authority.

Registered Office: Simmonds Mortgage Services Ltd, 22b Market Place, Wokingham, Berkshire, RG40 1AP. Registered Company Number: 1152 8784 Registered in England & Wales.

There may be a fee for arranging a Mortgage and the precise amount will depend on your circumstances. This will typically be £399.00 paid once the mortgage offer has been confirmed.

There may be a fee for arranging an Equity Release or Lifetime Mortgage and the precise amount will depend on your circumstances. This will typically be £799.00 and is due on completion of the mortgage.

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