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Buy-to-Let Mortgage Advice in Birmingham

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Our Mortgage Advisors Search 1000’s of Buy-to-Let Deals

The life of being a landlord is no easy task, but can come with great reward. No matter if you’re looking to purchase your first investment property or are an existing portfolio landlord, you may find the service of our experienced Mortgage Advisors in Birmingham beneficial to you and what you are looking to achieve.

 

Our team of dedicated mortgage advisors and administrators have a wealth of knowledge when it comes to Buy-to-Let mortgages, ensuring they are up-to-date with all the latest legislation and market updates. This allows us to provide an open & honest service to our customers.

 

We are able to provide assistance with both Purchases and Remortgages, searching 1000s of deals to find the most appropriate and favourable Buy-to-Let mortgage for you and both your personal, and financial circumstances.

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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Fast & Friendly Buy-to-Let Mortgage Advice in Birmingham

Our mortgage advisors are very experienced when it comes to Buy-to-Let mortgages, below we have listed some of the most popular scenarios we come across as a mortgage broker in Birmingham.

Buy-to-Let Remortgage Options & Deals

Existing Buy-to-Let landlords may find themselves looking to build their property portfolio further, buying additional properties. To achieve these, Buy-to-Let landlords may look to Remortgage a property from their portfolio and release the equity from it, using that equity to cover the deposit of buying a future property.

 

In the event of any potential arrears, a Buy-to-Let landlord in Birmingham may look at taking out a Capital Raising mortgage against one of their properties in a bid to cover these debts, as opposed to selling off a property in their portfolio.

Limited Company Mortgages / Special Purpose Vehicles (SPVs)

Whilst not all lenders will accept an application via these means, and it has its pros and cons, some Buy-to-Let landlords look to purchase additional properties for their portfolio by way of a Limited Company or Special Purpose Vehicle (SPV). This is a specialist topic, so you will likely need to speak with a specialist Mortgage Advisor in Birmingham, to see if this route is right for you.

HMO Mortgages

HMO’s (or a House in Multiple Occupation) are properties occupied usually by five or more people. This may be a preferred option for some Buy-to-Let landlords, due to the potential higher yields this option has been known to offer. Not all lenders will offer this option, but those that do could possibly offer different interest rates to what you might find with regular Buy-to-Let Mortgages in Birmingham.

Buy-to-Let Mortgages

Other options we may be able to assist with include mortgage advice for retired landlords, Buy-to-Let mortgages for First-Time Landlords, as well as specialist mortgage advice in Birmingham for those with complex or unique situations in the world of Buy-to-Let mortgages.

 

If you are looking for expert Buy-to-Let Mortgage Advice in Birmingham, please feel free to Contact Us to book your free Buy-to-Let mortgage consultation.

Open & Honest Mortgage Broker in Birmingham

As your dedicated & trusted Buy-to-Let Mortgage Broker in Birmingham, our team of dedicated mortgage advisors and administrators in Birmingham will work hard to help and support you through the full mortgage process, available seven days a week, with evening and weekend appointments available.

 

We know that Buy-to-Let mortgages may not always straightforward and easy. Our team will work hard to reduce your stress and hopefully help you over any hurdles that you find yourself coming across.

 

Your happiness with the service you receive is very important to our entire team here at Birminghammoneyman, we really do love what we do. Our dedication, hard work and love for what we do, shines through in our genuine Customer Reviews.

 

If you’re looking for expert assistance with a Buy-to-Let Mortgage in Birmingham, please get in touch with our experienced mortgage advice team. With over 20 years of experience in the world of mortgages, we’ll do what we can to ensure you end up with a favourable and appropriate mortgage deal for your personal situation.

 

Contact us today to book your free initial Buy-to-Let mortgage consultation.

What our customers say

Common mortgage
questions

The minimum deposit for a Buy to Let mortgage is usually 25% of the property value. However, this can vary between 20%-40%. One of our Mortgage Advisors in Birmingham will be more than happy to try and answer your Buy to Let mortgage deposit questions.

Your free mortgage consultation in Birmingham will last approximately one hour. We will then recommend a mortgage for you with no obligation for you to proceed and you can decide whether or not you wish to go ahead.

As your Mortgage Broker in Birmingham, we carry out a Fact Find to establish your needs prior to recommending the most suitable mortgage for you. A credit check is then required for an Agreement in Principle and then once you have provided all the relevant documentation and a valuation of the property has been carried out a formal mortgage offer can be issued

Our Mortgage Advisors in Birmingham recommend that you try and get your Agreement in Principle before you take up the decision of starting to view properties in Birmingham, to avoid disappointment. At the very latest you should obtain one prior to making an offer to assist your bargaining position with the seller.

An Agreement in Principle typically lasts for between 30 and 90 days depending on the lender. If your Agreement in Principle expires it can always be refreshed. If you need help obtaining one, our Mortgage Advisors in Birmingham can usually get one sorted for you within 24 hours of your application.

It can be possible to get a second mortgage on your home in Birmingham for debt consolidation or home improvements. It may also be possible to take out a mortgage on a second property if it is for your own use, the use of a family member, a holiday home or a Buy to Let.

If you have had credit problems you may still be able to get a mortgage but you will likely need to put down a higher deposit than usual, perhaps 15% of the purchase price.

You can get a mortgage in Birmingham once you have submitted at least one year’s accounts. Most lenders use your salary + dividend to calculate the maximum mortgage whereas others go off your net profit.

To prove income it’s usually three payslips for an employee and the latest 2 years’ accounts for Self Employed. In addition, you will need to produce proof of ID, address and 3 months’ bank statements.

Our free consultation in Birmingham typically lasts up to an hour or so. We can turn round an agreement in principle within 24 hours and a formal mortgage offer takes about three weeks on average. Before you know it, you will be moving into your new property in Birmingham!

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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Birminghammoneyman.com & Birminghammoneyman 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 Birminghammoneyman

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