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Buy to Let Mortgage Advice in Durham

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

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.

 

We have arranged hundreds of Buy to Let Mortgages in Durham for our clients and have helped them build up property portfolios by providing a basis for income generation and/or capital growth as part of their retirement planning.

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 Situations

No matter what type of Buy to Let mortgage you are looking for in Durham, we will find the perfect one to suit your circumstances.

  • 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?
  • Wanting a buy to let remortgage to save money?
  • Are you looking to raise money from a buy to let property?
  • Are you thinking of changing 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?
  • Thinking about buying your first investment property?
  • Is your buy to let mortgage on a standard variable rate and you want a better deal?
  • Do you have an unusual buy to let the situation and want to talk to an expert?
  • Are you an out-of-town investor wanting help?

 

Whether you are a first-time landlord or an experienced property investor wanting a buy to let purchase or remortgage we can help you every step of the way! We have been working within the mortgage industry for over ten years now so we know how to find you the perfect deal for your individual circumstances.

Buy to Let Mortgages Durham

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.

 

 

We have arranged hundreds of buy to let mortgages for our clients and have helped them build up property portfolios by providing a basis for income generation and/or capital growth as part of their retirement planning.

 

 

Unlike a lot of other Mortgage Brokers, we are not tied to estate agents. This means that we work solely for you! We invest our time in ensuring that you receive the best customer service possible.

 

How do we achieve this? Well, we devote our time in searching through thousands of buy to let mortgage deals on your behalf until we find the perfect one for you. We keep you updated with everything that’s going on through the whole process making you feel comfortable and secure as you know what’s happening.

 

 

As your Mortgage Advisor in Durham, we are here to help you.  Get in touch with us today and make a date for your free mortgage consultation.

What our customers say

Common mortgage
questions

Your free initial mortgage consultation will roughly last 30-60 minutes. During your consultation, you will get the opportunity to speak with a Mortgage Advisor in Durham. They will ask you some questions regarding your mortgage needs and personal and financial situation.

This will then allow them to go and search for the perfect mortgage deal for you. They will always try and pick out the deal that will benefit you most.

Firstly, we will get you to fill out our Fact Find to learn a little more about your mortgage situation. Then we will get you booked in for your free mortgage consultation to learn even more about your mortgage needs. After your consultation, we will arrange a mortgage Agreement in Principle for you within 24-hours.

Then it’s over to you to find your dream home and make an offer. Once you’re ready to proceed and you’re happy to take up the mortgage product that we’ve recommended, we can get your mortgage application prepared!

After your 30-60 minute free mortgage consultation, we will be able to search for mortgage products on your behalf. In the meantime we will also arrange an Agreement in Principle within 24-hours. When you are ready to make an offer on a proprty and want to take up our mortgage product, we will begin planning your mortgage application. Once your application is submitted, a formal offer will take about 3 weeks on average.

You will need to provide a variety of documents to support your mortgage application. You’ll be asked to hand in your photographic ID, bank statements, latest P60 and a couple more things.

If you’re Self Employed, you may need to provide 2 years of accounts’.

Just because you are Self Employed doesn’t mean that you can’t get a mortgage, although, it may be a little more difficult.

As a Self Employed mortgage applicant, you will have to submit at least one year’s accounts. Mostly, lenders will use your salary plus dividend to calculate the maximum mortgage amount that you’ll be able to borrow, whereas others will go off your net profit.

If you’ve suffered from bad credit in the past, you may be required to put down a higher deposit than usual. This could be somewhere between 10%-15% of the property’s purchase price.

We always recommend obtaining an AIP as soon as possible. Preferably, you want to have one in place prior to viewing houses in Durham. You may be allowed to negotiate prices if you have an AIP in place when you are viewing houses.

There a various reasons why someone may want a second mortgage. People may want to consolidate their debts into their mortgage, want to improve their home or journey into the world of Buy to Lets. Whatever your reason is for wanting a second a mortgage, you should get in touch with a Mortgage Broker in Durham like us.

For a Buy to Let mortgage, you are usually going to need a minimum of 25% of the property’s value. Lenders will vary with how much deposit they need but it’s typically anywhere between 20%-40%.

Your Agreement in Principle should last around 30-90 days. This timeframe could change depending on the lender that you use. If your Agreement in Principle expires, you can easily refresh it by approaching a Mortgage Broker in Durham like ourselves.

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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Durhammoneyman.com & Durhammoneyman 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.

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