Buy to Let Mortgages in Cambridge

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We Search 1000’s of Buy to Let Deals in Cambridge

If you are looking at becoming a landlord or already have experience being one, our acquainted mortgage advisors in Cambridge are here to help. We have a lot of experience in dealing with customers seeking a Buy to Let in Cambridge.

As a reputable Mortgage Broker in Cambridge, we have worked alongside many landlords helping them to secure a buy to let mortgage. Our team will search through 1000’s buy to let products in order to find you the most suitable deal for your situation.

If you are wanting to know your options, such as purchasing a buy to let mortgage in Cambridge by way of a limited company which is know as a SPV (Special Purpose Vehicle). This is something that we can help you with, our Mortgage Advisors in Cambridge will be more than happy to take a look at your mortgage options and go through these with you.

Please be aware that we cannot help you compare taxation benefits, you will need to speak with a tax advisor as they are capable of appropriately advising you on what to do.

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Buy to Let Mortgages in Cambridge

Over 20+ years of Buy to Let experience

We have helped hundreds of buy to let landlords secure competitive mortgage deals over our past 20 years of working within the mortgage industry. Also, we have helped less experienced landlords build up their buy to let property portfolio as part of their retirement planning.

Our services can be used to assist with standard residential Buy to Let in Cambridge, as well as providing help with HMOs (House of Multiple Occupancy) and holiday lets as well. Please don’t hesitate to speak with a mortgage broker in Cambridge, if you are in need of help with a buy to let mortgage situation like the above. Get yourself book in for a free mortgage appointment today.

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

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FAQs for Buy to Let Landlords in Cambridge

How much deposit do I need for a buy to let mortgage in Cambridge?

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The amount of deposit required for a buy to let mortgage can vary depending on various factors such as the lender's requirements, the type of property, and the loan-to-value (LTV) ratio. Generally, buy to let mortgage lenders require a larger deposit compared to residential mortgages, often starting at around 25% of the property value.

It's recommended to compare different mortgage options and speak with a mortgage advisor in Cambridge to determine the best option for you.

If I'm a first time buyer, can I get a buy to let mortgage in Cambridge?

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A first time buyer can get a buy to let mortgage in Cambridge, but they need to meet the eligibility criteria set by the lender. These criteria typically include a good credit score, stable income, and a sufficient deposit. Some lenders may also have specific requirements for first time buyers looking to invest in a buy to let property.

It is recommended to research different lenders and compare their criteria and offers before applying for a buy to let mortgage in Cambridge

What documents do I need for a buy to let mortgage in Cambridge?

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To apply for a buy to let mortgage, you will typically need to provide proof of identity, proof of address, proof of income, a business plan (if applying for a buy to let mortgage for a limited company), proof of deposit, and details of the property you plan to purchase (e.g. purchase price, rental income, and property type). The specific requirements may vary by lender, so it is recommended to confirm with the lender beforehand.

Why use a buy to let mortgage broker in Cambridge?

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Our team specialise in providing mortgage advice for buy to let investments. We have extensive experience helping both new and experienced landlords in Cambridge find the best mortgage deal to meet their individual needs and financial situation. As a buy to let mortgage broker in Cambridge, we will guide you through every step of the process and provide support to overcome any obstacles along the way.

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Our Simple Mortgage Process

Free 30 Minute Mortgage Appointment

Step 1

It's advisable to consult with our specialist buy to let mortgage advisor in Cambridge to determine achievable objectives.

Our mortgage advisors in Cambridge will evaluate whether an interest-only or repayment mortgage is the best option during the appointment.

We Can Search 1000’s of Mortgage Deals

Step 2

Our mortgage advisors in Casmbridge will search 1000's of options to find the best buy to let mortgage for your property.

They'll then secure a mortgage agreement in principle for you, which can be a valuable asset when bidding on properties.

Submit Your Buy to Let Application

Step 3

After your offer is accepted, your mortgage advisor in Cambridge will submit your full mortgage application and necessary documents to the lender.

The lender will then perform a stress test on your projected rental income to assess your capacity to pay monthly payments and other expenses.

Protecting You and Your Mortgage

Step 4

As a landlord, whether new or experienced, it is crucial to have the proper insurances in place to protect you and your family’s future. Our mortgage advisors in Cambridge will also reach out to you when your buy to let mortgage is up for remortgage to ensure you are on the best deal for your circumstances.

Reasons to Choose Us

Free Mortgage Appointment

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From your initial call all way through to the completion of the mortgage process, our team will be by your side every step of the way. When it comes to the mortgage process, we always provide a service that makes the process clear and simple throughout your experience with our mortgage advice team.

1000s of Deals

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We have a strong awareness of the latest buy to let legislation and lending criteria in order to provide any information to clients that are up to date so the customer is constantly updated with current and accurate Mortgage Advice in Cambridge.

Our Service

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Here at Cambridgemoneyman, we are specialists in the buy to let mortgages and have extensive knowledge of what is happening in the buy to let market. Through our years providing Buy to Let Mortgage Advice in Cambridge, we have had experience in dealing with buy to let landlords as well as building relationships with those who on a regular basis need to arrange a mortgage or remortgage.

7 days a Week

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Our Buy to Let Mortgage Advisors in Cambridge, are here to fully support you seven days a week throughout the entire buy to let mortgage process. Buy to Let mortgages are not always easy which is we work hard to tackle any obstacles that we may face along the journey.

Malcolm and Amy Davidson - Mortgage Advice in Cambridge

We Search 10We Search 1000s of Buy to Let Mortgages in Cambridge

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Common Buy to Let Mortgage Scenarios

Using a Mortgage Broker in Cambridge

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As an open and honest mortgage broker in Cambridge, we have delivered top quality Mortgage Advice in Cambridge to help landlords secure a buy to let mortgage for the property they are investing in.

Our team of mortgage advisors in Cambridge will help you start your buy to let in Cambridge if it is an HMO, holiday let or a residential buy to let in Cambridge. They will look into your circumstances to find you the most suitable buy to let deal.

Residential Buy to Let Cambridge

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As a Mortgage Broker in Cambridge, we tend to find that the most popular buy to let option we deal with is a standard residential buy to let in Cambridge. This type of buy to let product gives you the chance to take out a mortgage on a residential property purchase that you are wanting to rent out instead of living in.

It’s also expected for borrowers to take out their mortgage as interest only. This is because it will help to keep their monthly payments low because they are only paying interest each month. Usually, you will have rental fees that will pay the monthly amount. At the end of the terms, the capital will need to be paid off in full.

House of Multiple Occupancy (HMOs)

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The case where there are multiple tenants in residential property and have common areas that are shared is called a House of Multiple Occupancy, also known as HMO. Student housing is an example of this.

You might need to obtain a license from your local council depending on how big your HMO is. In order to be aware of the legalities, we recommend getting in contact with the local authority.

You may find that not all lenders out there offer products fit for HMOs because it is classed as a specialist buy to let investment. The good news is that we have access to some lenders who can offer mortgages that are fit for customers wanting to purchase an HMO.

Usually, HMOs bring in a lot of return on investment compared to a regular buy to let in Cambridge, however, you have to regard maintenance costs on the property as well as license fees from the local authority.

Buy to Let in Cambridge through a Limited Company

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Throughout the period there has been an increase in landlords going through a limited company SPV (Special Purpose Vehicle) when looking at the option to purchase their investment properties. Especially, when it comes to buy to let landlords with vast property portfolios.

If you are considering taking out a mortgage in the name of Ltd. The company you will pay a higher interest rate. A small drawback is that you won’t have a lot of options in regards to the number of lenders that offer this sort of product.

However, this can be massively outweighed by the potential tax savings. To see if this is the right path for you, we strongly recommend getting in contact with an experienced tax advisor.

Holiday Lets Cambridge

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If you are looking to purchase a property that you want to let out on a short-term basis over time, Holiday Lets might be suited for you.

Just be aware that holiday lets are known as a specialist type of investment. Therefore, not all lenders will not cover this in their criteria so there are limited products for you to choose from.

The good news is, we have a strong team of Mortgage Advisors in Cambridge that have a lot of knowledge in lending criteria in terms of a holiday let and can help explore your options.

The scenarios mentioned above are based on previous encounters our team faces on a daily basis when providing open and honest Mortgage Advice in Cambridge.

If you would like to speak with one of our Mortgage Advisors in Cambridge, book yourself for a free mortgage appointment today. Even if your situation doesn’t apply to the ones above. Our experience has provided us with the opportunity to deal with a range of situations so you may find that your situation is probably one we have dealt with before.

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Cambridgemoneyman.com & Cambridgemoneyman 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

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