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Buy to Let Mortgage Advice in Manchester

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

Are you a Landlord who is looking to complete your first buy-to-let purchase? Perhaps you already have a sizeable portfolio of properties under your belt? No matter which of these applies we have experienced Buy to Let Mortgage Advisor in Manchester, who have extensive knowledge of buy to let mortgage criteria to find the most appropriate buy to let mortgage deal for what you are looking to achieve.

 

Over the years we have helped customers with a vast number of Buy to Let mortgages, helping build property portfolios by providing a basis for income generation and/or capital growth as part of their retirement planning.

 

Buying a property to let out can be very stressful, which is why we have expert Mortgage Advisors in Manchester here ready to build relationships with budding and experienced landlords, helping them throughout the Buy to Let & Let to Buy mortgage process.

 

Buying a Buy to Let property can be a stressful time and to get a deal, you may need to move fast when required, and that’s why getting Buy to Let Mortgage Advice in Manchester could be your best option.

 

 

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

  • You’re thinking about buying your first property to let out.
  • The mortgage you currently have is on a standard variable rate and you’re looking to Remortgage for a better deal.
  • You want to change a residential property into a Buy to Let.
  • It’s been a while since you’ve bought a property and you need to be caught up to speed with new rules.
  • You’re wanting to deal with a broker exclusive mortgage lender.
  • The bank isn’t making things any easier.
  • You are already an established landlord and are looking to expand your portfolio.
  • You’re from out of town and looking to buy a property with some help.
  • You’re looking to raise money from a Buy to Let purchase for another purchase.
  • Your situation is a little complex and you need expert advice.

 

We work with a vast amount of mortgage lenders, including a lot of specialist lenders. Our dedicated and experienced mortgage advice team have in-depth knowledge of all their different lending criteria.

Buy to Let Mortgages Manchester

Landlords have been known to invest in the property market for many different reasons.  Some do it for future property/capital growth, whilst others do it to supplement their current income. Some even plan for the long-term, looking to plan ahead to give themselves a comfortable retirement once the time comes. We have a lot of experience in building relationships with new and existing landlords, so get in touch and we will see how we are able to help!

 

If you’re thinking about maybe turning your current home into a Buy to Let investment before moving onto a new property, speak to a Mortgage Broker in Manchester – We may be able to help! Transactions like these are referred to as Let to Buy Mortgages, something we deal with regularly.

 

Our advisors would be able to help arrange your new purchase and existing property mortgage. You may also be able to remortgage your current property onto a Buy to Let and at the same time, raise money for a deposit towards a new home.

 

As your trusted Mortgage Advisor in Manchester, we are here to help you.  Get in touch with us today and we’ll book you in for your free mortgage consultation.

What our customers say

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 from 8am – 10pm, 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.

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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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