Buy to Let Mortgage Advice in Middlesbrough

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Buy to Let in Middlesbrough

If you are a property investor in need of expert buy to let mortgage advice in Middlesbrough, you’ll benefit from speaking with our trusted mortgage advisors in Middlesbrough.

 

This may be your first time applying for a buy to let mortgage as a budding landlord, or you could already have an extensive property portfolio. No matter the situation, you’ll always receive the same level of service our experienced and reputable team are known for providing.

 

As a recognisable and trusted mortgage broker in Middlesbrough, we have helped a great variety of property investors to obtain their buy to let in Middlesbrough. Our team will review 1000s of products, in order to find you the most appropriate mortgage for what it is you are looking to achieve.

 

If you are interested in purchasing your buy to let property by way of a limited company (Special Purpose Vehicle), our mortgage advice team will still be here to discuss your buy to let mortgage options. We have a lot of experience in helping customers to make purchases in the buy to let market.

 

If you are looking to discuss and compare the benefits your investment may have on tax, we would recommend that you talk this through with a tax advisor as they will be able to correctly provide you with the appropriate tax advice.

 

As well as helping with standard residential buy to lets in Middlesbrough, we also have the knowledge to help landlords out with HMOs (House of Multiple Occupancy) and holiday lets, if that is an avenue you are looking to head down.

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The Financial Conduct Authority does not regulate some types of buy to let or commercial mortgages.

We search 1000s of mortgage deals across a large number of lenders, including:

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Fast & Friendly Buy to Let Mortgage Advice in Middlesbrough

As a mortgage broker in Middlesbrough, we have come across a wide variety of different buy to let mortgage scenarios, for budding and existing landlords alike. Below are some of the most frequently encountered.

Remortgage a Buy to Let in Middlesbrough

Landlords with existing properties who already have an extensive property buy to let portfolio, may wish to make further investments when the opportunity arises.

 

At this point, remortgaging a property you already have, to release the equity that is within, can be a great way to cover your investment, perhaps if it were for say the deposit on another buy to let in Middlesbrough.

Limited Company Mortgages / Special Purpose Vehicles (SPVs)

You will find that not every mortgage lender is willing to accept a buy to let mortgage applicant through these means, though there are still plenty of mortgage lenders out there who are willing to accept this.

 

If you’re looking to increase the size of your buy to let portfolio through a Limited Company or Special Purpose Vehicle (SPV), it is considered to be quite a specialist topic, so we would very much recommend that you speak with a specialist mortgage advisor in Middlesbrough, who will answer all of your questions.

HMO Mortgages in Middlesbrough

House of multiple occupation mortgages are mortgages that are taken out on properties that will typically be occupied by five or more people. They are popular properties to own for landlords who are in the market of student accommodation.

 

Deals for these types of buy to let in Middlesbrough can often be difficult to obtain, as not every mortgage lender will offer HMO deals. If you are considering applying for a HMO mortgage on your buy to let property, it may be beneficial for you to speak with a specialist mortgage advisor in Middlesbrough.

Buy to Let Mortgages in Middlesbrough

We understand that everyone’s situation is different, and this is something that also applies to a buy to let in Middlesbrough. For example, you may actually be a first time buyer in Middlesbrough, planning to make your first property purchase a buy to let investment, or you may be a buy to let investor with a complicated situation.

 

To discuss your buy to let mortgage options further, book your free mortgage appointment today and we will see how we can help you with your buy to let in Middlesbrough.

Buy to Let Mortgages Middlesbrough

As an open and honest buy to let mortgage broker in Middlesbrough, we always do everything that we can to make sure that our customers receive help and support throughout the entire buy to let mortgage process.

 

We are here to provide mortgage advice in Middlesbrough, seven days a week, anytime you need us, at times that are good for you. Buy to let mortgages are never always as simple as you would hope, and we are here to help you clear all of your mortgage hurdles.

 

Our team of experienced, long-standing mortgage advisors in Middlesbrough, here at Middlesbroughmoneyman, know the buy to let mortgage market inside and out.

 

We have a great deal of experience in helping landlords with their buy to let mortgages, forming relationships that lead them to come back each time they need to remortgage their portfolio onto the best deals.

 

As a company that prides itself on being professional and offering a top tier service, we always make sure that we are up to date with the latest buy to let legislation and lending criteria, as this allows us to offer our customers the most accurate and beneficial mortgage advice in Middlesbrough.

 

Please feel free to look through our genuine customer reviews and see why so many landlords get in touch with Middlesbroughmoneyman for advice regarding their buy to let in Middlesbrough.

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Common mortgage
questions

Your mortgage journey begins as soon as you get in touch with our team. We will send you over a fact find to fill out so we can learn a bit more about your personal and financial situation.

The next step of the process is for us to book you in for our free mortgage consultation so we can begin searching for the perfect mortgage product for you. We will also arrange a mortgage agreement in principle for you.

Once you’ve provided documents to support your agreement in principle, we can start preparing your mortgage application!

Although this can vary, we usually find that most lenders are looking for at least 20%-40% of the property’s value. Depending factors include: how big your Buy to Let portfolio is, your credit score, will you be able to afford it and of course, your deposit.

Your free initial mortgage consultation will roughly last 30-60 minutes. During the consultation, we will examine your current personal and financial situation so that we can get an idea of what sort of mortgage products you’ll match with.

If we manage to find you a deal and you’re happy to continue with it, we can start preparing your mortgage application!

As a Mortgage Broker in Middlesbrough, we would always recommend that you try and obtain a mortgage agreement in principle (AIP) as early in the process as possible. Ideally, you should obtain your AIP prior to viewing properties as it can open you up to being able to negotiate prices.

Your agreement in principle will last between 30-90 days. If your agreement in principle expires, you can easily renew it. Get in touch with your Mortgage Advisor in Middlesbrough to arrange this.

Yes, it may be possible to get a second mortgage. Reasons for getting a second mortgage include debt consolidation, home improvements, for a mortgage deposit for another property such as a Buy to Let property or a holiday home.

It can be still possible to get a mortgage despite having bad credit issues in the past. Although, you should know that some lenders may require you to put down a larger deposit; this could be 10%-15%.

If you are Self Employed and have at least one year’s accounts ready to submit, then yes, you may be able to get a mortgage. Mostly, lenders will go off your salary plus dividend to calculate the maximum mortgage amount that you can borrow. Some are also known to go off your net profit.

During the mortgage process, you will be asked to prove your income, who you are etc. Some of the documents that you’ll be asked to provide include bank statements, payslips, proof of ID and proof of address. This may be slightly different for the Self Employed.

After your free 30-60 minute mortgage consultation in Middlesbrough, we will be able to go away and try and find you a mortgage product that’s perfect for your personal and financial situation. During this timframe, we will also arrange a mortgage agreement in principle for you within 24-hours.

If everything goes to plan and we recive yoru supporting documents, we can proceed to the point of mortgage application preparation. Once your application is submitted, a formal mortgage offer takes around 3 weeks on average.

We make it so easy!
Our 4 step process

Step 1

A telephone call where we can take some initial details and find out about your plan of action.

Step 2

Enjoy finding a property!

Step 3

Make an offer on the property you set your heart on – we’ll finalise your figures and help you to get a good deal.

Step 4

Our mortgage recommendation. We’ll try to find you the best mortgage deal. We’ll be there to support you, right through to you getting your keys.

A telephone call where we can take some initial details and find out about your plan of action.

Enjoy finding a property!

Make an offer on the property you set your heart on – we’ll finalise your figures and help you to get a good deal.

Our mortgage recommendation. We’ll try to find you the best mortgage deal. We’ll be there to support you, right through to you getting your keys.

Handy quick links

Middlesbroughmoneyman.com & Middlesbroughmoneyman are trading styles of UK Moneyman Limited, which is authorised and regulated by the Financial Conduct Authority.
UK Moneyman Limited is Registered in England, No. 6789312 | Registered Address: 10 Consort Court, Hull, HU9 1PU.

Authorised and Regulated by the Financial Conduct Authority.
We are entered on the Financial Services Register No. 627742 at www.register.fca.org.uk

The information contained within the website is subject to the UK regulatory regime and is therefore primarily targeted at customers in the UK.
Should you have cause to complain and you are not satisfied with our response to your complaint, you may be able to refer it
to the Financial Ombudsman Service, which can be contacted as follows

The Financial Ombudsman Service, Exchange Tower, London, E14 9SR
www.financial-ombudsman.org.uk

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Middlesbroughmoneyman – Studio 109, 109B Marton Road, Middlesbrough, TS1 2DU

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