Guide to Renting

About this guide

Whether you’re renting to save money to buy a house or plan to rent long term, there are many benefits of renting a property. 

Compare My Move work with property experts to bring you insightful and informative guides on everything you need to know about renting. From what is a let-to-buy mortgage to how the rent to buy scheme works, we cover everything. 

  • 1. What is a buy-to-let mortgage?

    Buy-to-let mortgages are designed for those buying property as an investment to rent it out to tenants. They work similar to residential mortgages, but there are a few key differences between buy-to-let mortgages that this article will cover.

    Compare My Move explain what a Buy-to-let mortgage is, who can get one and how much deposit you'll need.

    Read this article
  • 2. What is a let to buy mortgage?

    Let-to-buy mortgages are for those looking to let out their current property and buy a new one at the same time. You will need to take out two different mortgages, one so you can let out your current property, and the other to purchase a new house. The criteria differs slightly to traditional mortgages and you’ll need to come up with a bigger deposit.

    Compare My Move work with a team of property industry experts to bring you the most up to date and accurate advice on moving house. This guide explains what a let-to-buy mortgage is, the required criteria and the advantages and disadvantages.

    Read this article
  • 3. How does the rent to buy scheme work?

    The Rent to Buy scheme aims to help first-time buyers transition from renting to buying their own home. The government scheme works differently across the UK, but will essentially offer a lower market rate rent for a period of time whilst you save up to eventually buy the property.

    Compare My Move explain the Rent to Buy scheme, the eligibility criteria and how to apply for the scheme.

    Read this article
  • 4. Selling a Buy to Let Property

    Selling a Buy to Let property will differ from selling a standard vacant home, so you will need to make sure you are prepared before proceeding.

    It is entirely possible to sell the property with tenants. Properties can exchange hands without much disturbance or change to those renting the property. Both experienced and budding landlords would be keen to take on a property with existing tenants. However, selling the house vacant opens up the property to other buyers, for example, those looking to live in the property full time. As a result, this can potentially mean a higher selling price.

    Read this article