Buy to Let in London

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Buy to Let in London

If you are in the market for expert Mortgage Advice for a Buy to Let in London, look no further than Londonmoneyman. Our mortgage advisors have a lot of experience in helping investors of Buy to Let in London get their mortgages sorted.

 

Perhaps you are a first time landlord looking to make your first investment purchase? Maybe you already have a lot of experience in the field and have a growing property portfolio. In either case, you will  always receive the same high level of service we provide to all of our customers.

 

As a Mortgage Broker in London, we have worked with countless landlords, helping them to obtain mortgages for their Buy to Let in London. We pride ourselves on our ability to form relationships with these landlords, working so hard that landlords we have previously helped will often come back again for additional mortgages.

 

Our dedicated team will search through 1000s of Buy to Let mortgage products, in order to find you the most suitable one. If you are instead looking purchase your Buy to Let in London by using a limited company as a Special Purpose Vehicle, our trusted team of Mortgage Advisors in London have the experience to help you. Over the years we have covered various different Buy to Let options, with purchasing via an SPV being one of them.

 

If you would like to discuss and compare taxation benefits, we are unable to help here. This is something that you will need to speak with a tax advisor about, as they are able to accurately advise on this specialist topic.

 

As well as being able to advise on any standard residential Buy to Let in London, we are also able to help you out with HMOs (House of Multiple Occupancy) and holiday lets, if you require any help with those.

 

How does it work?Get a quote nowMeet your advisor

The Financial Conduct Authority does not regulate some types of buy to let or commercial mortgages.

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

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Fast & Friendly Buy to Let Mortgage Advice in London

During our time as a Mortgage Broker in London, we have encountered a wide variety of mortgage scenarios. These include regular cases for Buy to Let in London. No two mortgage is the same, and that applies here too. There are a variety of different mortgage options for you to choose from, the most popular of which we have listed below.

Remortgage a Buy to Let in London

Perhaps you are a current landlord and have already built up your own property portfolio of Buy to Lets in London, you may be looking for future investment opportunities to sink your teeth into.

 

If this applies to you, you may be able to take the route of a remortgage on one of the properties, in order to release equity. From here, you would be able to use the equity in order to cover the deposit of an additional purchase.

Limited Company Mortgages/Special Purpose Vehicles (SPVs)

Not all mortgage lenders will allow an applicant who is looking to purchase a Buy to Let in London, to use a Special Purpose Vehicle, such as a Limited Company. That being said, there are specialist Buy to Let lenders, including ones we have on panel, who may be willing to work with this.

 

Expanding your Buy to Let portfolio by utilising a Special Purpose Vehicle is quite a specialist area. As such, you will need to speak with a specialist Buy to Let mortgage broker in London, before proceeding with your application. Get in touch today to speak with one of our mortgage advisors in London.

HMO Mortgages in London

A house of multiple occupation (shortened to HMO), are properties that are usually rented out to five or more occupants. These types of property tend to be popular choices for setting up student accommodation near universities.

 

Finding a mortgage for this type of Buy to Let in London can often prove to be quite challenging, due to the fact that not every mortgage lender out there will offer mortgage deals on a HMO property. If you are looking at your options applying to take out a mortgage on a HMO property, get in touch with one of our specialist Buy to Let mortgage advisors in London today.

 

We have lots of specialist lenders on panel, and we may be able to help.

Mortgage Advice for a Buy to Let in London

There are a wide variety of different Buy to Let scenarios out there as you can see. Another example may be if you are a first time buyer with plans to invest in a Buy to Let in London, or you are dealing with a complex situation that requires a second look from a mortgage expert.

 

If you are in need of anything regarding a Buy to Let in London, book your free mortgage appointment today and speak with a dedicated mortgage advisor in London. We’ll do everything within our power to help you out.

 

Mortgage Advice for a Buy to Let in London

As an experienced Mortgage Broker in London with a long history of helping customers with their Buy to Let in London, we always work hard to ensure that our customers are well-guided and supported, all throughout their mortgage process.

 

Our Mortgage Advisors in London will be available all throughout the week, from early on in the morning, until late at night. That even covers weekends and some bank holidays! We’re available at a time that best suits you and your busy schedule.

 

The process of obtaining a mortgage on a Buy to Let in London is never easy. We’re here to make the process as simple as we can. Our team have a lot of experience with mortgages for a Buy to Let in London, forming relationships with landlords who come back time and time again for their mortgage needs.

 

We make sure that we keep up to date with the latest buy to let legislation and mortgage lending criteria. Doing this allows us to continuously provide our customers with accurate, reliable and appropriate mortgage advice in London. Your trusted mortgage advisor in London will be by your side from your first point of contact, all the way through to completion.

 

As a company, we always aim to make the process as simple, stress-free and jargon-free as we possibly can. To gain a deeper understanding of the relationships we form with landlords and the service levels they receive, please take a look at our genuine customer reviews. You’ll come to realise why so many choose us for their Buy to Let in London.

What our customers say

Common mortgage
questions

Your free initial mortgage consultation in London will last roughly one hour. Your dedicated mortgage advisor in London will then recommend a mortgage for you, with no obligation for you to proceed. At this point, it is up to you to decide whether or not you wish to proceed with the recommended mortgage.

If you choose us as your Mortgage Broker in London, then our process will work as the following; One of our Mortgage Advisors in London will carry out a Fact Find to determine your, needs before recommending the most suitable mortgage available for you. A credit check will then be required for an Agreement In Principle.  Once all the relevant documentation has been gathered and the valuation of the property has been undertaken, a formal mortgage offer can be issued.

In order for you to ensure you are prepared as early as possible, our Mortgage Advisors in London recommend that you obtain an Agreement in Principle prior to viewing properties in London. At the very latest you should obtain a Mortgage Agreement in Principle before you make any offers, in order to help with your bargaining position.

An Agreement in Principle will normally last somewhere in the range of 30 and 90 days. This depends on the Lender that is being used. If your Agreement in Principle expires, your advisor can always refresh this for you.

If you are looking to achieve something like debt consolidation or home improvements, you may be able to get a second mortgage. The option for a second mortgage can also be used on a second property if you are looking at using it for yourself, a family member, a holiday home or a Buy to Let.

Obtaining a mortgage if you have had previous credit problems isn’t completely impossible, but you may face certain hurdles, such as some lenders requiring that you put down a higher deposit than usual, perhaps 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 amount you can borrow, whereas others may use your net profit.

Three payslips are generally what is required for an employee to prove their income and if you are Self-Employed, it’s usually the latest 2 years’ accounts. You will also need to produce some proof of ID, your address and the latest 3 months’ bank statements.

If you take up a free initial mortgage consultation with one of our trusted Mortgage Advisors in London, your appointment will last around an hour. Your advisor will be able to turn round an agreement in principle within 24 hours, with a formal mortgage offer taking roughly about three weeks on average.

The amount of deposit required for a buy-to-let will sometimes vary between 20%-40%. Generally speaking though, the minimum deposit for a buy to let, is around 25% of the property value.

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.

Handy quick links

Londonmoneyman.com & Londonmoneyman are trading styles of UK Moneyman Limited, which is authorised and regulated by the Financial Conduct Authority.
UK Moneyman Limited is Registered in England, No. 6789312 | Registered Address: 10 Consort Court, Hull, HU9 1PU.

Authorised and Regulated by the Financial Conduct Authority.
We are entered on the Financial Services Register No. 627742 at www.register.fca.org.uk

The information contained within the website is subject to the UK regulatory regime and is therefore primarily targeted at customers in the UK.
Should you have cause to complain and you are not satisfied with our response to your complaint, you may be able to refer it
to the Financial Ombudsman Service, which can be contacted as follows

The Financial Ombudsman Service, Exchange Tower, London, E14 9SR
www.financial-ombudsman.org.uk

© 2022 Londonmoneyman

Londonmoneyman, Unit 3A, 34-35 Hatton Garden, Holborn, London, EC1N 8DX, UK

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