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Buy to Let Mortgage Advice in Hull

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01482 772986

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

Whether you are a first time landlord or an experienced property investor wanting a Buy to Let purchase and/or Remortgage – We can help you through every step of the way!

 

Rest assured we have arranged hundreds of buy to let mortgages for our clients in the past. Also, we have helped local landlords build up their own property portfolio as part of their retirement planning.

 

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 Hull 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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Common Buy to Let Mortgage Scenarios

  • Are you a first-time landlord looking to invest in property?
  • Are you an experienced property investor looking to expand your portfolio?
  • Is your Buy to Let mortgage up for review and you are looking to Remortgage to a better deal?
  • Wanting a buy to let remortgage to save money?
  • Are you looking to raise money from a buy to let property?
  • Are you wanting to change a residential property into a buy to let?
  • Not bought in while and looking for mortgage help?
  • Are you wanting to deal with a Mortgage Broker only mortgage company?
  • Have you run into difficulty with your own bank for one reason or another?

 

Our Buy to Let Mortgage Advice Services

  • New landlords
  • Existing landlords
  • Remortgage deals
  • Capital raising/debt consolidation
  • Turn your existing home into a Buy to Let
  • Buy to Let with pension
  • Something more complicated?

 

We have in-depth knowledge of a very large number of Buy to Let mortgage lenders including some specialist ones, all with various lending criteria.

 

We are able to utilise our experience and knowledge to recommend the most suitable Buy to Let mortgage product based on your individual situation.

We’re Not Tied to Estate Agents

We are not tied to estate agents unlike most other mortgage brokers, so only work for you with your best interests at heart at all times. When you come to us for Buy to Let Mortgage Advice in Hull, everything is strictly confidential between us, we work for you and for your best interests only.

 

Why Buy to Let in Hull?

Buy to Let landlords can have different reasons for investing – some landlords invest for future property/capital growth, others to supplement their current income, and others are planning more long-term and are looking at retirement planning.

 

Looking to Rent your Current Home?

If you are considering turning your current home into a Buy to Let investment and are planning on Moving Home too, we can help!

 

You are able to Remortgage your current property on to a Buy to Let and at the same time raise money for a deposit for a new bigger home.

What our customers say

Common mortgage
questions

Buy to Let mortgage deposits can vary, although they tend to want between 20%-40%. As a Buy to Let Mortgage Broker in Hull, we usually find that lenders are looking for 25% of the property value.

Our free initial mortgage consultation will last roughly one hour. Lucky for you, as an experienced Mortgage Broker in Hull, we can turn around an Agreement in Principle within 24 hours. All we need is a quick phone call to gather the necessary information. A formal mortgage offer takes about three to four weeks on average.

If you’re an employee, you will usually have to supply three payslips and the latest P60 to prove your income. If you are Self Employed in Leeds, it is typically the latest two years’ tax calculations and correspondings overviews. You will also need to provide proof of ID (Driving license or Passport). Proof of Address (Utility bills, tax bills or credit card statements) and three months’ bank statement. You are proving the deposit built up with an explanation for any significant credits.

The good news is it may be possible to get a mortgage if you are self-employed in Hull. To qualify, you need to submit at least one year’s of accounts, the likelihood may increase your chance of obtaining a mortgage. Most lenders take a look at your salary plus dividend to calculate the maximum mortgage amount. Others may go off your net profit. It all depends on the lender.

The good news is that you may find it a bit more challenging to obtain a mortgage despite having previous credit issues on your record. But it doesn’t mean it’s impossible, and you may still be able to get one! It just means that some Lenders may ask for a slightly higher deposit of around 10-15%.

The good news is it is possible to have two mortgages in Hull running simultaneously, as long as you can afford to repay the monthly instalments on each of them. If you’re looking to accomplish something like debt consolidation or home improvements, you may be able to place a second mortgage on your home.

An Agreement in Principle typically lasts for 30-90 days. However, this timeframe is up to the Lender. If your Agreement in Principle expires, worry not; you can renew it by getting back in touch with your Mortgage Advisor in Hull.

As a Mortgage Broker in Hull, we recommend that you obtain an Agreement in Principle (AIP) as soon as you can, preferably before you start viewing properties. Having an Agreement in Principle in place when you are viewing houses could potentially allow you to negotiate prices.

Our mortgage process consists of multiple different steps. The first step is to get in touch, and one of our trusted mortgage advisors in Hull will carry out a Fact Find to get a bigger picture of your mortgage situation.

Secondly, you’ll undergo your free mortgage consultation, and your assigned dedicated Mortgage Advisor in Hull will begin searching for mortgage deals that match your circumstances. If they find you an offer that you are happy to proceed with, we can get the ball rolling with your mortgage application.

Next, they will perform a credit check on you to obtain an agreement in principle. Some evidential documents will be required from you to help back up your mortgage application.

Lastly, they will submit your mortgage application and wait for a formal mortgage offer to be issued.

Your free initial mortgage consultation with your dedicated Mortgage Advisor in Hull will last around an hour. During this consultation, we will get to learn a bit more about your mortgage needs and what you are looking for. Once we know more about your personal and financial situation, we will start looking for mortgage deals that will match you perfectly.

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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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Hullmoneyman.com & Hullmoneyman are trading styles of UK Moneyman Limited, which is authorised and regulated by the Financial Conduct Authority.
UK Moneyman Limited is authorised and regulated by the Financial Conduct Authority.
UK Moneyman Limited registered in England, registered number 6789312 and registered office 10 Consort Court, Hull, HU9 1PU.

© 2021 Hullmoneyman

Hullmoneyman, 410 Wincolmlee, Hull, HU2 0QL.

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