Buy to Let Mortgage Advisor | Coventrymoneyman

Buy to Let Mortgage Advice in Coventry

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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.

Buying a Property Through a Limited Company in Coventry

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

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Frequently Occurred Scenarios for Buy to Let in Coventry

  • Perhaps you are looking at becoming a landlord in Coventry for the first time and need some assistance with your first purchase & mortgage process?
  • You could be an existing property investor in the market for expanding your property portfolio?
  • Your buy to let mortgage in Coventry may be up for review and you are considering remortgaging your property onto a better deal?
  • Maybe you are looking at taking out a buy to let remortgage in Coventry to save a bit of money?
  • Are you looking to raise some capital from a buy to let in Coventry that is in your property portfolio?
  • Perhaps you are looking at converting your residential property into a buy to let in Coventry?
  • You haven’t bought a new property for quite some time and would like some help looking for a mortgage?
  • Maybe you would just like to work alongside a trusted mortgage broker in Coventry to make life easier for yourself?
  • Has it been difficult trying to speak with the banks mortgage advisor about your buy to let in Coventry?

What can a buy to let mortgage advisor in Coventry help with?

  • Buy to let in Coventry with pension.
  • New buy to let landlords in Coventry.
  • Capital raising/debt consolidation on your buy to let in Coventry.
  • Convert your existing home into a buy to let in Coventry.
  • Existing buy to let landlords in Coventry.
  • Remortgage deals on your buy to let in Coventry.
  • Complicated mortgages in Coventry.

 

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.

Buy to Let Mortgages Coventry

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.

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Common mortgage
questions

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%.

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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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
www.financial-ombudsman.org.uk

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Coventrymoneyman – Sherbourne House, Humber Avenue, Coventry, CV1 2AQ

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