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Buy to Let Mortgage Advice in Cambridge

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

A Buy to Let mortgage is a type of mortgage specifically aimed at those who buy a property and then rent it out. After talking to our friendly Mortgage Advisors in Cambridge and securing a deal, the customer will then buy the property and begin the search for a tenant. Taking the step can have significant benefits, most notably when the house prices go up. In any case, this can leave you with an influx of wealth!

 

Buy to Let Mortgage Advisor in Cambridge

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

 

Even if you have had experience with Buy to Let mortgages, a second opinion costs nothing, especially when we offer a free Buy to Let mortgage consultation to all customers. Occasionally, Buy to Let mortgages can get complicated, so if you are in need of an experts help, feel free to contact your Mortgage Broker in Cambridge. We are here to help relieve some stress from your Buy to Let experience.

 

How does it work?Get a quote nowMeet your advisor

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

Mortgage Lenders 007

Buy to Let Mortgages | Popular Situations

  • You’re thinking about buying your first property to let out.
  • You are already an established landlord and are looking to expand your portfolio.
  • You’re from out of town and looking to buy a property with some help.
  • The mortgage you currently have is on a standard variable rate, and you’re looking to Remortgage for a better deal.
  • You’re looking to raise money from a Buy to Let purchase for another purchase.
  • You want to change a residential property into a Buy to Let.
  • You want to deal with a broker exclusive mortgage lender.
  • The bank isn’t making things any easier.
  • Your situation is a little complicated and you need expert advice.

 

We work with a large number of mortgage lenders, including a lot of specialist lenders. Our mortgage advice team have in-depth knowledge of all their different lending criteria.

Why choose Cambridgemoneyman for Buy to Let Mortgage Advice in Cambridge

We work with a large number of mortgage lenders, including many specialist lenders. Our mortgage advice team has in-depth knowledge of all their different lending criteria.

 

Whether you are experienced and looking to expand your portfolio or looking to purchase your first investment property, we are ready to help you with your Buy to Let needs in Cambridge.

 

There have been many changes in the Buy to Let sector in Cambridge over the last few years. It is our job to keep right up to date.

 

If you’re thinking about maybe turning your current home into a Buy to Let investment before moving onto a new property, speak to a Mortgage Broker in Cambridge – We may be able to help! Transactions like these are referred to as Let to Buy Mortgages, something we deal with regularly.

 

Our advisors would be able to help arrange your new purchase and existing property mortgage. You may also be able to remortgage your current property onto a Buy to Let and at the same time, raise money for a deposit towards a new home.

 

 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 initial mortgage consultation will usually take around an hour. A Mortgage Advisor in Cambridge will then do some research and recommend a potential mortgage for you, which you can then choose to proceed with or decline – There is not any obligation!

As your dedicated Mortgage Broker in Cambridge, we will gather some information about you and your personal circumstances by carrying out a Fact Find. The next step would be looking to obtain an Agreement in Principle which can be granted after a credit check. Once your Mortgage Advisor in Cambridge has gathered all the appropriate information, and a valuation of the property has been undertaken, a formal mortgage offer can then be issued.

To avoid possible disappointment, we recommend you obtain an Agreement in Principle before you begin viewing properties in Cambridge. At the very latest you should obtain one prior to making an offer to assist your bargaining position.

An Agreement in Principle typically lasts around 30 to 90 days depending on the Lender you have gone with. If your Agreement in Principle expires, you can always get another one.

If you are interested in things such as debt consolidation or home improvements, then you may be eligible for a second mortgage. Second mortgages may also be relevant if you are hoping to use it for yourself, a family member, a holiday home, or a Buy to Let mortgage.

If you have a poor credit history you may still be able to obtain a mortgage, but this will often require a higher deposit than you would normally need, sometimes around 15% of the property purchase price.

You are able to progress with a possible mortgage whilst Self Employed in Cambridge once you have submitted at least one years’ account. Most lenders use your salary plus dividend to calculate what your maximum mortgage, could be. Other lenders may opt to go off your net profit.

For an employee to prove income you would need the last 3 payslips and if you are Self Employed you will need the last 2 years of accounts. You will also need to provide us with proof of ID, address, and 3 months’ bank statements.

Our free consultations in Cambridge normally take around 1 hour. A Mortgage Agreement in Principle can usually be sorted within 24 hours of the appointment. A formal mortgage offer takes about three weeks on average, depending on the situation.

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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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Cambridgemoneyman.com & Cambridgemoneyman 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.

© 2021 Cambridgemoneyman

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

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