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Buy to Let Mortgage Advice in Doncaster

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We Search 1000’s of Buy to Let Deals
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A Buy to Let mortgage is a type of mortgage specifically aimed at those who buy a property and then rent it out. After talking to our friendly advisors and securing a deal, the customer will then buy the property and begin the search for a tenant.

 

Taking the step can have great benefits, most notably when the house prices go up. This can leave you with an influx of wealth!

 

How does it work?Get a quote nowMeet your advisor

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

Mortgage Lenders 007

Buy to Let Mortgages | Popular Enquiries

  • You’re thinking about buying your first property to let out.
  • 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.
  • The mortgage you currently have is on a standard variable rate and you’re looking to Remortgage for a better deal.
  • You’re looking to raise money from a Buy to Let purchase for another purchase.
  • 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.
  • Your situation is a little complex and you need expert advice.

Buy to Let Mortgage Advice Doncaster

Whether you are experienced and looking to expand your portfolio or looking to purchase your first investment property, we are ready to help you with your Buy to Let needs in Doncaster.

 

There have been many changes in the Buy to Let sector in Doncaster over the last few years. It is our job to keep right up to date.

 

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 Doncaster – 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.

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 Doncaster will last round about 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 trusted mortgage broker in Doncaster, we carry out a Fact Find to establish your personal mortgage needs before we recommend the most suitable mortgage for you and your situation. A credit check is then required for an Agreement in Principle that we’re able to offer. 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 Doncaster. 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.

It may be possible to get a second mortgage on your home for things like debt consolidation or Home Improvements. It may also be possible 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’ve had credit problems in the past you are still able to get a mortgage but you may possibly be required to put down a higher deposit than usual for the property, 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. 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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UK Moneyman Limited is authorised and regulated by the Financial Conduct Authority.
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