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Buy to Let Mortgage Advice in Nottingham

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

Are you an experienced landlord looking to purchase a new Buy to Let or Remortgage an old one? Maybe you’re a first-time landlord with dreams of entering the Buy to Let market in the upcoming future? Whatever the circumstance, we have experienced Buy to Let experts on hand who will walk through every step of the process by your side.

 

Over the years we have helped numerous customers with a vast number of Buy to Let mortgages, helping build property portfolios by providing a basis for income generation and/or capital growth as part of their retirement planning.

 

Buying a property to let out can be quite a stressful process, which is why we have experienced and friendly Mortgage Advisors in Nottingham on hand to help you throughout your application and obtain the best outcome suited to your individual situation when you approach us.

 

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 to potential tenants.
  • You are already an established landlord and are looking to expand your property portfolio.
  • You’re from out of town and looking to buy a property with some help from a Mortgage Advisor in Nottingham.
  • The mortgage you currently have is on a standard variable rate and you’re looking to Remortgage for a better deal to help find better monthly payments.
  • 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.
  • It’s been a while since you’ve bought a property and you’re wanting to be caught up to speed with new rules and changes in the property market.
  • You’re wanting to deal with a broker exclusive mortgage lender.
  • The bank isn’t making things any easier and not providing sufficient mortgage advice or you can’t get an appointment.
  • Your situation is a little complex and you need expert Mortgage Advice in Nottingham to be a bit more reassured.

 

Our Mortgage Broker in Nottingham works with a large number of mortgage lenders, including a broad range of specialist lenders. Our mortgage advice in Nottingham team have in-depth knowledge of each lender and their different lending criteria.

Buy to Let Mortgages Nottingham

There are many different reasons for landlords to invest in a Buy to Let in Nottingham. Some do it for future property/capital growth, whilst others do it to supplement their current income. Some even plan ahead for the long-term, looking at retirement planning.

 

If you’re thinking about maybe turning your current home into a Buy to Let investment before moving onto a new property, it may be advisable for you to take some time out and speak to a Mortgage Broker in Nottingham – We may be able to help! Transactions like these are referred to as Let to Buy Mortgages, something we deal with regularly and are very knowledgeable about.

 

Our Mortgage Advisors in Nottingham would be able to help arrange your new purchase and existing property mortgage should you wish. 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. By speaking with an advisor at our Mortgage Broker in Nottingham you’ll be provided with a reliable service and transparent Mortgage Advice in Nottingham with only your best interest at heart.

 

As your Mortgage Advisor in Nottingham, we are here to help you throughout the whole process. Get in touch with us today and make a date for your free mortgage consultation.

What our customers say

Common mortgage
questions

Depending on the property, the lender and your Buy to Let history, a typical mortgage deposit for a Buy to Let property is between 20%-40% of the property’s value.

Your free mortgage consultation with us will last around an hour. During this consultation, your dedicated Mortgage Advisor in Nottingham will get to learn a bit more about your personal and financial situation.


Once your consultation is finished, your Mortgage Advisor in Nottingham will go away and try and find you a perfect mortgage deal tailored to your circumstances. If you love the mortgage offer that they’ve picked out and want to continue, the next step is to submit your mortgage application!

Our mortgage process consists of multiple different steps:

1. Once you get in touch, we will have you carry out our Fact Find so that we can get a bigger picture of your mortgage situation.

2. You’ll undergo your free mortgage consultation, then your dedicated Mortgage Advisor in Nottingham will begin searching for mortgage deals that are tailored to your circumstances. If we find you an offer that you are happy to proceed with, we can get the ball rolling with your mortgage application.

3. We will perform a credit check on you in order to obtain an agreement in principle. Furthermore, we will get some evidential documents from you in order to back up your mortgage application.

4. We will submit your mortgage application and wait for a formal mortgage offer to be issued.

As a Mortgage Broker in Nottingham, we always advise applicants to obtain an Agreement in Principle before viewing properties. Firstly, you’ll need an Agreement in Principle to make an offer on a property. Secondly, having one in place could put you in a position to negotiate prices.

An Agreement in Principle typically lasts for 30-90 days. This timeframe may change depending on the lender that you are using.


If your Agreement in Principle expires, you can easily renew it by getting back in touch with your Mortgage Advisor in Nottingham or your lender.

It’s possible to obtain a second mortgage; as a Mortgage Broker in Nottingham, here are the most common reasons we see for people wanting a second mortgage:

– Debt consolidation
– Home Improvements
– Buy to Let
– Other, e.g. for a Family Member, Holiday Home, etc.

If you’ve had bad credit issues in the past, you may find it a little harder to get a mortgage, but that isn’t saying you still can’t get one!

Lenders may ask for a slightly higher deposit if you’ve had bad credit in the past. Some lenders may ask for a deposit of around 10-15%.

If you are able to submit at least one year’s of accounts, the more likely you are of being able to obtain a mortgage. Most of the lenders that we use look at your salary plus dividend to calculate the maximum mortgage amount. Others may go off your net profit, it all depends on the lender.

  • Photo ID (Driving license, Passport, etc.).
  • Proof of Address (Utility bills, tax bills, credit card statements, etc.).
  • Latest 3 months’ payslips & Latest P60 (employed applicants)
  • Latest 2 years’ tax calculations and corresponding overviews (self-employed applicants)
  • 3 months’ bank statement proving the deposit being built-up with an explanation for any large credits.

Your free mortgage consultation in Nottingham will usually last around an hour. Following the consultation, we can turn around an Agreement in Principle for you within 24-hours. Now it’s just the case of submitting your mortgage application. A formal offer can take around three weeks on average to come back.

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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 in Nottingham!

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 authorised and regulated by the Financial Conduct Authority.
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© 2021 Nottinghammoneyman

Nottinghammoneyman, Gothic House, Barker Gate, Lace Market, Nottingham, NG1 1JU.

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