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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:

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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

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:

🏠 Debt Consolidation
🏠 Home Improvements
🏠 Buy to Let
🏠 For a second home/holiday home

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.

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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

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