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Buy to Let Mortgage Advice in Middlesbrough

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We Search 1000’s of Buy to Let Deals
to Save you Money!

Whether you are looking to purchase your first investment property or are a portfolio landlord, our experienced Mortgage Advisors in Middlesbrough have a wealth of knowledge when it comes to Buy to Let mortgages. Keeping up to date with all the latest legislation and market updates is our job! We can help with both purchases and remortgages, searching 1000s of deals to find the best Buy to Let mortgage for you.

How does it work?Get a quote nowMeet your advisor

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

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Buy to Let Mortgages | Popular Situations

Buying a property and renting it out can be a great way to save for your retirement or just as a means of investing money for an ongoing income. Regardless of whether you just want to buy one property or are intent on building a property investment career with a whole portfolio of properties, then we would be very happy to help.

 

As an experienced Buy-to-Let Mortgage Advisors in Middlesbrough, we have helped find hundreds of similar deals for very satisfied clients. They particularly appreciate the fact that we are completely open & honest Mortgage Broker in Middlesbrough and can work quickly.

 

Take a look at some of our recent feedback from our Reviews.

Why you may need a Buy-to-Let Mortgage

  • You are keen to put your savings into property rather than stocks and shares or a bank/building society
  • You’ve already got money put aside to help you through any possible void periods
  • You don’t live in Middlesbrough but are looking to invest in property in this area
  • You already have a Buy to Let mortgage but are looking for a better deal
  • This is the first time you’ve bought an investment property in years and you’re aware that the government has been making some legislative changes regards buy to let landlords
  • You’d like the help of a mortgage broker because you simply don’t have time to research the best deals yourself

Buy to Let Mortgage Advice In Middlesbrough: What can we do for you?

Along with our Mortgage Advice in Middlesbrough, we can approach a number of specialist Buy to Let lenders on your behalf to find the best deal possible for your circumstances.

 

Meanwhile, if you’re new to being a landlord because you’re keen to turn your existing home into a rental property then you should definitely speak to us for advice. Switching from a residential to a Buy to Let mortgage can be confusing and you will benefit from experienced help.

 

There are tax considerations too – not least the additional stamp duty on second homes. Then there are the changes to landlord mortgage interest relief. Depending on your situation, capital gains tax may be something else you might have to think about.

 

As your mortgage advisor in Middlesbrough, we are here to help you. Get in touch with us today and make a date for your free mortgage consultation.

What our customers say

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.

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UK Moneyman Limited is authorised and regulated by the Financial Conduct Authority.
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