Are you considering purchasing your first time buy to let property as a landlord? Perhaps you are already an experienced landlord looking to expand upon the portfolio you already have? In some cases, not only might you be a first time landlord, you may also be a first time buyer, having never had home owning experience at all!
No matter which of these instances applies to your situation, we are an expert mortgage advisors in Coventry, with a vast buy to let mortgage knowledge.
We understand various buy to let mortgage criteria from different mortgage lenders, making sure we use our experience to find you the most suitable buy to let mortgage deal for your personal and financial circumstances and goals.
Throughout over 20 years of hard work in the world of mortgages and homeownership, we have had the pleasure of being able to help thousands of buy to let landlords, new and existing, in purchasing properties for their portfolio.
This is always done making sure they have the best deals available to them, helping them whether they are looking for a new source of income or to grow capital for retirement plans.
Some buy to let landlords may instead take the route of purchasing their properties via a limited company, or as it is known in the mortgage world, a special purpose vehicle (SPV).
Our team of brilliant mortgage advisors in Coventry are experienced in helping customers to purchase a buy to let property this way, using their knowledge to talk through your mortgage with you.
Whilst we can help customers with mortgage enquiries for a buy to let in Coventry, we are not able to advise on taxation benefits. If this is something you are looking to discuss, you would be better suited speaking with a dedicated tax advisor, in order to get more accurate advice from a qualified professional.
Along with helping customers with their standard residential purchases for a buy to let mortgage in Coventry, we are also able to help customers who are looking to purchase either a HMO (House of Multiple Occupancy) or a Holiday Let.
Purchasing a property with the intention of renting it out, may be a stressful process for some, especially new landlords. For others, they’re simply too busy with the portfolio they have.
It’s for these reasons why so many landlords build relationships with our expert mortgage advisors in Coventry, with them regularly coming back to remortgage those same properties, making their lives a little easier whilst we find the best deals!
How does it work?Get a quote nowMeet your advisor
The Financial Conduct Authority does not regulate some types of buy to let or commercial mortgages.
We have an immense amount of buy to let mortgage knowledge when it comes to working with mortgage lenders to help customers with a buy to let mortgage in Coventry.
As an experienced mortgage broker in Coventry, we work with a vast panel of mortgage lenders who have buy to let mortgage products, some of which may be more specialist and all with their own specific lending criteria.
We will use our many years of mortgage market knowledge to help recommend our customers the most appropriate mortgage product for their buy to let in Coventry, based on their own personal and financial circumstances.
There are many particular reasons as to why a buy to let landlord may wish to make an investment in the property market in coventry.
Some become landlords as a way to capitalise on potential future property or capital growth, whilst others may take this on as a means of boosting their income.
Every now and again we will see that landlords create long term plans, looking ahead at their future as a way of creating a comfortable retirement for themselves once they are ready to leave their work life in the past and move onto the next step in their lives.
We have a long history of helping both budding and existing landlords in their journey of renting out properties, building up strong relationships with them that see many coming back to us for further help, be it an additional purchase or a remortgage, whenever they need us.
If you are thinking about changing up your existing property and turning it into a buy to let in Coventry prior to moving home, we would absolutely suggest that you book a free mortgage appointment and speak with a trusted mortgage broker in Coventry.
These types of purchases are similar to buy to let, though are called a let to buy mortgage, as this process means you will be moving home. We encounter this type of mortgage regularly when we are speaking with customers.
As trusted and experienced providers of buy to let mortgage advice in Coventry, we always work hard to help you achieve your goals and make arrangements on your mortgage in Coventry.
For existing landlords who already have properties in their portfolio. You may be able to remortgage one of those properties as a way of raising the funds to put down a deposit on any further purchases you wish the make.
Book online to benefit from your free mortgage appointment today. We offer appointments every day of the week, from early until late, subject to advisor availability. Get in touch and we’ll guide you through your process.
5.00 Rating30 Reviews
Gurjeet
Really helpful and clear.
Gemma
From first discussions with Tom to being passed over to Lyndsey, the whole process was easy and seamless. Everyone I have dealt with at Moneyman have been really helpful and friendly, which has helped take the stress out of applying for a...
Matthew
Jenny has been extremely helpful throughout the process and resolved any issues quickly. Thanks!
Susan
Very good service over the moon Wayne and Megan no there stuff
Dean
4 weeks and got my offer very good service from Wayne and Megan can not fault them
Anonymous
Great service
karan
Fantastic service. From start to finish I had everything clearly explained and the broker always had my best interest in mind. I highly recommend for first time buyers!
Anonymous
The service provided is personal and efficient. The team are willing to help and will try hard to meet tough timings to support an application. Would recommend
Thomas
Brilliant! Really helpful, did everything for us, explained the process clearly and made it all so easy! We wouldn't have gotten a mortgage without them!
Joshua
Really friendly advisors who are happy to answer any questions. Leo walked us through the entire process, and was happy to go over things to make sure we fully understood and were happy with everything.
Manpreet
Helen was really warm and friendly.
Hannah
Very helpful, very polite and knowledgeable! Would recommend to anybody
Mark
Charlie was thorough and informative. What we really liked is that he always asked if we understood what he was saying and would ask if we had any questions
Anonymous
Really pleased with there good work. Reliable and available when you contact them. Very good communication and customer service team. I will recommend to my friends any family member looking for morgage advise.
Anonymous
Very helpful, would definitely recommend
Anonymous
As a first time buyer, I was somewhat nervous of the unknown and wary. After choosing moneyman. I was really pleased with the service and the customer service. I got my mortgage as promised. Which was a relief. Each step of the way I was...
Peter
Very professional, helpful and friendly staff. Always available to offer required support and guidance. Great mortgage brokers
Paul
Just a friendly service really , felt comfortable talking to Megan, put me at ease with any questions x
Peter
A brilliant end to end service, we were looked after the whole way through and the staff are great, really lovely people, especially our case handler.
Amy
Great service from start to finish. Charlie Bryson and the application team, mainly Megan were very helpful throughout, to help with any queries, and kept me up to date with process at every stage. Could not recommend them enough
Once your free mortgage consultation is complete, we can arrange an Agreement in Principle for you. We can usually get you one within 24-hours of your application.
We will then try and find you a perfect deal for your individual situation. If you want to proceed, we can get your mortgage application ready for submission. Once submitted, a formal offer usually takes more than three weeks.
To back up your mortgage application, you’ll have to provide some evidential documents. This will include things like ID, bank statements, your latest P60 and payslips.
Your dedicated Mortgage Broker in Coventry will go through every step with you to make sure that you get it right!
Yes, you can get a mortgage as a Self Employed applicant, however, you must be able to submit at least one years’ accounts. Not all, but most lenders will use your salary plus dividend to work out the maximum mortgage amount that you can borrow. Sometimes, lenders will also go off your net profit.
It may require you to try and obtain a specialist product, however, yes, it can be possible to get a mortgage despite having bad credit. As a Mortgage Broker in Coventry, in the past, we’ve seen lenders request 10%-15% deposits.
Yes, you can get a second mortgage in Coventry. Here are the most common reasons why people want a second mortgage:
– Debt consolidation
– Home improvements
– Buy to Let
– For a better deal
– Divorce/Separation
Even if your situation isn’t on this list, still feel free to get in touch and we will if we can help.
Usually, depending on the lender that you’ve used, your Agreement in Principle will last anywhere between 30-90 days. If your Agreement in Principle expires, you can easily renew it. If you get in touch with your Mortgage Broker in Coventry, they can arrange this.
Obtaining an Agreement in Principle (AIP) is a crucial part of the mortgage process. As a Mortgage Broker in Coventry, we advise that you get one prior to viewing properties.
Having an AIP in place nice and early could allow you to negotiate prices when making an offer. Of course, you will need to back up your affordability for a mortgage. You are only agreed in principle of providing evidential documents to support your application. Our team can help you with this.
The mortgage process can be made simple by using a Mortgage Broker in Coventry like us. Our mortgage process includes a simple fact find, a free mortgage consultation, then application submission. We can arrange an Agreement in Principle within 24-hours of all of this. We just need some evidential documents from you then we can get the ball rolling!
Your free initial mortgage consultation in Coventry will last around an hour. Firstly, your Mortgage Advisor in Coventry will get some information from you to find out about your mortgage needs and situation. Once we have some details from you, we can begin looking for mortgage deals.
Your dedicated Mortgage Advisor in Coventry will search through 1000’s mortgage deals, trying to find one that matches your personal and financial mortgage situation. If we find a deal, we’ll recommend you with the product. If you are happy to continue, we can get the ball rolling with your mortgage application.
If you are looking to put down a deposit for a Buy to Let, lenders are going to likely want 25% of the property’s value.
This can vary, before now we’ve seen some lenders wanting between 20%-40%.
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.
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.
