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Buy to Let Mortgage Advice in Doncaster

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

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:

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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 the required amount can typically vary between 20%-40%, the minimum deposit for a buy to let mortgage is around 25% of the properties value.

Your free initial mortgage consultation in Doncaster will last roughly one hour. We will then be on our way to recommending a mortgage for you, where you have no obligation for you to proceed. If you’d rather not take it and step back for a time, you have every right to do so.

Your mortgage advisor in Doncaster will carry out a Fact Find to establish your personal mortgage needs, before recommending the most suitable mortgage for your situation. A credit check will then be required in order for you to obtain an Agreement in Principle, which we are able to help with. Once you have provided the lener with all the relevant documentation, and you have had a valuation of the property completed, a formal mortgage offer can then be issued.

To avoid finding yourself disappointed when viewing and making offers on properties, we recommend you obtain an Agreement in Principle ahead of time. At the very latest, we recommend that you obtain one prior to making an offer, as this will assist your bargaining position.

An Agreement in Principle will usually last for between 30 and 90 days depending on the Lender that you are with. If your Agreement in Principle expires, you can easily have it refreshed.

You may have the option of taking out a second mortgage on your home for things like debt consolidation or any potential Home Improvements. It may also be possible to take out a mortgage on a second property to use on yourself, for a family member, a holiday home or even a Buy to Let.

If you’ve had credit problems previously, you may still have a chance at getting a mortgage, but you may possibly be required to put down a higher deposit than for the property than you might have if you had with good credit. This can often be 15% of the property purchase price.

You are able to get a mortgage, once you have submitted at least one year’s accounts. The majority of Lenders use your salary plus dividend to calculate the maximum mortgage amount you can borrow, whereas others will go off your net profit.

You’ll generally be required to send three payslips if you are a standard employee to prove income and the latest 2 years’ accounts for self-employed. You will also need to produce proof of ID, proof of address and the previous 3 months’ bank statements.

The free mortgage consultation that you receive when getting in touch, will typically last up to an hour. We can help you obtain an agreement in principle within 24 hours of this consultation, with a formal mortgage offer taking on average about 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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UK Moneyman Limited is authorised and regulated by the Financial Conduct Authority.
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© 2021 Doncastermoneyman

Doncastermoneyman, 3 Cavendish Court, South Parade, Doncaster, DN1 2DJ.

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