We do not charge any fees for advice, sourcing or mortgage processing if the mortgage balance is greater than £100k, and all enquiries are without obligation.
Residential Buy To Let w Ltd Co Buy To Let w Commercial Buy To Let
If you have a question and wish to talk to a adviser directly call 0845 5190327 or alternatively email firstname.lastname@example.org and a mortgage adviser will email you back.
Why call us to help you with your mortgage decision?
We make the process smoother.We know what documents a particular lender is likely to require at application.
We save you time we already know lenders criteria and we have market leading sourcing software that searches the whole of the uk mortgage market to find the best deal for you. In our experience its much quicker to use a mortgage adviser to source your mortgage for you than to attempt do it yourself.
How can you afford not to charge any adviser fees?
We are paid a commission from the lender when your mortgage completes you are charged the same rate from the lender whether we process the mortgage for you or if you go to the lender directly.
Do you have to visit us?
No we manage the mortgage process by using the telephone, internet and post.
What geographical areas areas do you advise clients?
Are you FCA registered?
The Financial Conduct Authority (FCA) regulates financial services in the UK and you can check our authorisation and permitted activities on the Financial Services Register by visiting the FCA’s website www.fca.org.uk/firms/systems-reporting/register or by contacting the FCA on 0800 111 6768. Our FCA register number is 627494.
Buy to let mortgages differ from residential mortgages in lots of ways. Below is a short but not exhaustive list of the main questions we are asked. To find out if you, or the property you wish to let, could qualify for a mortgage give us a call on 0845 5190327 or email us at: email@example.com
If you wish to have a look at current rates, click the mortgage finder button on the right hand side of this page and you will be taken to mortgage sourcing.
However bear in mind the mortgage sourcing shows only rates - it does not show criteria.
The answers to the questions below should not be taken as advice - they are for general information only. If you wish to find the answer to your individual circumstances give us a call on 0845 5190327 or email us at: firstname.lastname@example.org
Buy to Let Frequently Asked Questions.
Q. What is the minimum deposit required?
A. 20% currently but you can significantly reduce the rate charged with a higher deposit.
Q.What rental yield is required?
A. It very much depends on the deposit and the terms of the mortgage - some properties will work at 3.5% rental yield and some at 7%.
Q. Will I be able to raise a mortgage on an ex local authority property?
A. It depends on the construction - if it's traditional construction i.e. brick walls, almost certainly but if it is poured concrete, probably not.
Q. Can I change my residential mortgage to a buy to let mortgage?
A. Yes if you and your property fit the let to buy criteria.
Q. Will changing my residential property to a buy to let property affect my ability to raise a residential mortgage?
A. Not all lenders will treat your buy to let as self funding. We can advise which lenders will treat the buy to let as self funding or advise you if have enough income to be able to afford both mortgages.
Q. How many tenants would make the property a home of multiple occupancy or HMO ?
A. The definition of HMO is decided by the local authority there are regional differences. Some lenders will define your property as an HMO by how many bedrooms and some by how many tenants - generally if a property has under 5 tenants it is rare for it to be defined as an HMO.
Q. How long does the application process take?
A. It depends on the lender - some will go to offer in 3 weeks, some in 3 months. We can advise you on current timelines at pre-application.
Q. How do I find out if I qualify for a buy to let mortgage?
A. Give us a call on 0845 5190327 or email us at: email@example.com
Q. I have a question that is not on your list?
A. Give us a call on 0845 5190327 or email us at firstname.lastname@example.org and we will be happy to answer your question.
Your property may be repossessed if you do not keep up repayments on your mortgage.
The Financial Conduct Authority does not regulate buy to let mortgages and some commercial mortgages.