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Buy to Let Mortgage Advice in Hull

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Buy to Let Mortgage Advisor in Hull

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, this is where we can help.

 

How does it work?Get a quote nowMeet your advisor

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

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.

 

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 moving on to a new house then 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

Though it can vary between 20%-40%, the minimum deposit for a buy to let mortgage is usually 25% of the property value.

Your free mortgage consultation in Hull will last around one hour. We will then recommend a mortgage for you with no obligation for you to proceed and you can decide whether or not you wish to proceed with the mortgage.

As your mortgage broker in Hull, we carry out a Fact Find to establish your personal needs before we recommend the most suitable mortgage for you. A credit check is then required for an agreement in principle. Once you have provided all the relevant documentation and a valuation of the property has been undertaken, a formal mortgage offer can be issued.

To avoid possible disappointment, we recommend you obtain an agreement in principle before you begin viewing properties in Hull. At the very latest you should obtain one prior to making an offer to assist your bargaining position.

An agreement in principle typically lasts for between 30 and 90 days depending on the lender used. If your agreement in principle expires it can always be refreshed.

There may be a chance to obtain a second mortgage on your home for things like debt consolidation or Home Improvements. There may also be a possibility for you to take out a mortgage on a second property if you’re wanting to use it for yourself, a family member, a holiday home or a Buy to Let.

If you have had credit problems you can still get a mortgage but you may possibly be required to put down a higher deposit than usual, perhaps 15% of the property purchase price.

Once you have submitted at least one year’s accounts, you are able to get a mortgage. Most lenders use your salary plus dividend to calculate the maximum mortgage, whereas others are known to go off your net profit.

It’s usually three payslips for an employee to prove income and the latest 2 years’ accounts for self employed applicants. You will also need to produce proof of ID, address and 3 months’ bank statements.

Our free consultation typically lasts up to an hour or so. We can turn round an agreement in principle within 24 hours. A formal mortgage offer takes about three weeks on average.

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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.

© 2020 Hullmoneyman

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