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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.

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

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

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 Durham 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 mortgage broker in Durham, 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 Durham. 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 in Durham.

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. 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.
UK Moneyman Limited registered in England, registered number 6789312 and registered office 10 Consort Court, Hull, HU9 1PU.

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