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Buy to Let Mortgage Advice in Cambridge

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Buy to Let 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.

Buy to Let Mortgage Advice in Cambridge

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 get in touch 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.


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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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Buy to Let in Cambridge – Popular Scenarios

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.


Below is some buy to let mortgage scenarios they have come across before:

Residential Buy to Let Cambridge

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)

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

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

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.

Why Choose Us For Your Buy to Let in Cambridge?

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.


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.


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.


We’re By Your Side, Throughout Your Buy to Let in Cambridge

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.

01223 653832

Common mortgage

Firstly, you need to fill out our Fact Find to get an idea of your current personal and financial situation. Next, our team will pass over this information to your dedicated Mortgage Advisor in Cambridge, and they will keep in touch to schedule your free mortgage consultation. You will get asked a series of questions to help build up a profile; this will help them pick out a mortgage deal tailored to you.

Secondly, once the consultation is over, a credit check will carry out, and this will help you obtain an Agreement in Principle. Granted, if you are okay with everything and happy to proceed, we will then ask for some documentation to help strengthen your application.

Lastly, with your Agreement in Principle, submitted evidential documentation and a comprehensive mortgage offer that you’re happy to continue with, you can move onto the last stage – mortgage application submission!

The time scale can alter depending on the Lender but on average, an Agreement in Principle will likely last around 30-90 days.

If you’re Agreement in Principle expire, worry not. It’s an easy process to renew. Speak to one of our Mortgage Advisors in Cambridge or your current Lender to arrange a renewal of your Agreement in Principle.

You sure can! If you are wondering why someone might want a second mortgage, here are some popular situations:

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If you are looking for a second mortgage, contact our mortgage team in Cambridge today, and see how they can help you.

It may be harder for you to obtain a mortgage with past credit problems, but not impossible depending on circumstances. You may get asked to put down a larger deposit, which will vary depending on your lender.

If you are suffering from bad credit, give us a call, and our advisors will be more than happy to try and help. We have a wide variety of specialist mortgage lenders who may have the perfect mortgage deal for your financial situation.

Yes, the good news is it is possible to obtain a mortgage as a self-employed worker depending on circumstances. First. You need to produce at least one year’s accounts.

To work out the maximum mortgage amount you can borrow, Lenders will use your salary + divided, whereas others might go off your net profit.

Whether you’re applying for a mortgage or looking to remortgage, there are a few documents lenders will always want to see during the process. You will get asked to provide some evidential documents to back up your mortgage application. For example, you’ll need things like ID, bank statements, payslips.

Don’t worry if you forget any of these documents listed; your assigned Mortgage Advisor in Cambridge will run through all of this with you, so nothing gets missed.

Your free mortgage consultation in Cambridge can take approximately an hour; within the hour, we take an in-depth look into your personal and financial situation.

Once your consultation gets concluded, we will try to turn around an Agreement in Principle within 24-hours. An Agreement in Principle is essential when making an offer on a property, as estate agents and sellers often accept those who already have an AIP than those who haven’t.

The final step is to submit your mortgage application and wait for a formal mortgage offer. Usually, this will take about 2 -4 weeks – provided the process goes smoothly, and your application is relatively straightforward.

The deposit can vary between 20%-40%; the minimum deposit for a Buy to Let mortgage tends to be around 25% of the property value. Lucky for you, we have Specialist Buy to Let Mortgage Advisors in Manchester who are experts in this subject.

Our Mortgage Advisors in Cambridge job is to gather personal, financial and financial mortgage situation information from you during your free mortgage consultation because they need to build an in-depth understanding of your mortgage needs to try and find you the most suitable mortgage.

Once your consultation is complete, your Mortgage Advisor in Cambridge will begin searching for mortgage products on your behalf to match your personal and financial situation, saving you time and money.

We recommend you get an Agreement in principle before viewing any houses in Cambridge. Doing so may increase your chance of your offer getting accepted and will put yourself in front of other buyers who don’t have an Agreement in Principle in place.

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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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

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

© 2022 Cambridgemoneyman

Cambridgemoneyman, Nine Hills Road, Cambridge, CB2 1GE.

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