Buy to Let Mortgage Advice in Manchester

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Buy to Let Manchester

Our expert Mortgage Advisors in Manchester have helped a plethora of people who were in need to Buy to Let Mortgage Advice in Manchester.

 

Whether you are a first time landlord or you already have a large portfolio, you will always be provided with a high-end service from our knowledgeable team.

 

As a Mortgage Broker in Manchester, we have helped a lot of investors get their Buy to Let in Manchester. We can find you the best mortgage fit for your personal and financial circumstance. Our team search through 1000s of products with the goal of achieving your investment goals.

 

Along with a standard residential Buy to Let in Manchester, we have extensive knowledge and experience in HMOs (House of Multiple Occupancy) and holiday lets, if necessary.

 

How does it work?Get a quote nowMeet your advisor

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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Buy to Let Mortgages | Popular Situations

Through our experience in Mortgage Broker in Manchester, we have encountered a range of buy to let mortgage scenarios.

Remortgage a Buy to Let in Manchester

You might be a landlord who has already got an extensive portfolio of buy to let properties who is looking to invest in other opportunities. There is an option to remortgage one of the properties to release equity. You can use this equity to cover the deposit on another Buy to Let in Manchester.

Limited Company Mortgages / Special Purpose Vehicles (SPVs)

This option is one we find many landlords now looking at when investing into properties, however, not all applicants are accepted by lenders who are applying through these.

Due to this option falling into a specialist area, we do recommend that you seek advice through a specialist Mortgage Advisor in Manchester. This is beneficial if you are looking to build your buy to let portfolio through a Limited Company or Special Purpose Vehicle (SPV).

HMO Mortgages in Manchester

This is a type of mortgage that is for landlords who want to rent out their property to typically five or more people. It can particularly popular amongst landlords who own student accommodation.

It can be difficult to find these types of Buy to Let in Manchester as not every lender will offer HMO deals. It can be best speaking to a specialist Mortgage Advisor in Manchester.

Buy to Let Mortgages in Manchester

We have worked with a range of buy to let mortgage scenarios. You may be a first time buyer and are looking to invest in buy to let or you may have a complicated mortgage situation that requires support from an expert. If you are looking at getting a second insight on anything regarding a Buy to Let in Manchester, please don’t hesitate to get in touch with our experienced team today.

Buy to Let Mortgages Manchester

Our goal as an open and honest Buy to Let Mortgage Broker in Manchester, is to ensure our customers are supported and well informed throughout the process.

 

As a part of our tailored service, we are available seven days a week so we can get in touch when its best for you. Buy to Let mortgages aren’t as straightforward and easy as you prefer. Our team can help you overcome the obstacles on the way during your journey.

 

Here at Manchestermoneyman, our established team of Mortgage Advisors in Manchester know the in and outs of the Buy to Let mortgage market.

 

We have in-depth experience in dealing with buy to let mortgages, forming strong relationships with landlords and support applicant in finding the best mortgage perfect for their circumstance.

 

We are proactive in keeping up with the latest buy to let legislation and lending criteria, as this allows us to offer open and honest Mortgage Advice in Manchester to customers.

 

From the first call to the end of your mortgage journey, your dedicated Mortgage Advisor will be there to provide to a helping hand.

 

Our team at Manchestermoneyman work hard to make the journey as smooth and straightforward as possible.

 

Check out our brilliant customer reviews to look at why many landlords choose us when taking out a Buy to Let in Manchester.

Reviews Stars4.96 Rating376 Reviews

Common mortgage
questions

Though it typically can vary between 20%-40%, the minimum deposit for a Buy to Let mortgage tends to be around 25% of the property value. We have Specialist Buy to Let Mortgage Advisors in Manchester who are available to help with these types of enquiries, 7 days a week.

Your free initial mortgage consultation in Manchester will last roughly one hour. A dedicated advisor will then recommend a mortgage for you, with no obligation to accept and go forward and proceed with the mortgage in question, if you decide that it is not for you.

As trusted Mortgage Advice professionals in Manchester, we will carry out a Fact Find to establish your personal needs before we go ahead with recommending the most suitable mortgage for your situation. From there you will be credit checked, which is a requirement to obtain an Agreement in Principle. Once you have provided all the relevant documentation and a valuation of the property has been undertaken, you can be issued a formal mortgage offer.

We recommend you obtain an Agreement in Principle prior to property viewings in Manchester, in order to avoid potential disappointment. At the very latest we would suggest that you obtain one before you make any offers, to put you in a better bargaining position. As a dedicated Mortgage Broker in Manchester, we are typically able to obtain an agreement in principle within 24 hours.

Generally speaking, an Agreement in Principle will last for between 30 and 90 days, depending on the lender that is used. If your Agreement in Principle expires before you can make use of it, it can be easily refreshed by speaking to your advisor.

If you’re looking to achieve something like debt consolidation or home improvements, you may be able to place a second mortgage on your home. If you’re looking to use it for yourself, a family member, a holiday home or a Buy to Let, a second mortgage on that property may also be an option.

If you have struggled with credit problems in the past, you may still be eligible for a mortgage, though a lender may possibly require you to put down a higher deposit than expected. This can be something like 15% of the property purchase price.

Submitting at least one year’s accounts moves you along the process, allowing for you to potentially obtain a mortgage in Manchester. Most lenders will utilise your salary plus dividend to calculate the maximum mortgage amount you are eligible to borrow, whereas some other lenders will go off your net profit.

In order for an employee to prove their income, it’s usually 3 payslips and the last 2 years’ accounts if you are self-employed. You will also need to provide some proof of ID, address and the last 3 months’ bank statements.

The free initial mortgage consultation that we offer generally lasts up to around an hour. We are then able to turn around an agreement in principle within 24 hours of that appointment. A formal mortgage offer takes, on average, somewhere around three weeks.

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

Manchestermoneyman.com & Manchestermoneyman 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

© 2022 Manchestermoneyman

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