We tend to find, that some lenders out there will focus less on your income when it comes to obtaining a buy to let mortgage, whereas other lenders' requirement is that you earn a minimum of £25,000 pa or more. This is why it's much easier to obtain a buy to let mortgage when you're already a landlord or own your own home, but it doesn't mean it's impossible to be a first time buyer/first time landlord in Brighton. We always make sure that we are up to date with the latest buy to let legislation and lending criteria, as this allows us to offer our customers recent, open and honest mortgage advice in Brighton. The Financial Conduct Authority does not regulate some types of buy to let or commercial mortgages.
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Nowadays, more landlords are choosing to run their own limited companies as a means of purchasing additional properties to increase their portfolio size. You are best speaking to an accountant if you are considering this as an option. We have helped many landlords obtain a buy to let mortgage in the past. we can search through 1000’s of buy to let products allowing us to find you the most appropriate mortgage for what you are looking to achieve with your investment purchases. As a mortgage broker in Brighton, we also worked alongside existing landlords who have already built up a portfolio of buy to let properties consider investing in further opportunities, and looking into their remortgage options to release equity, which can cover the deposit for another buy to let property.
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The minimum deposit for obtaining a buy to let mortgage in Brighton is 25% of property value. You may come across other lenders who ask for deposits somewhere between 20-40%.
The maximum amount that you can borrow for a buy to let mortgage in Brighton will depend on the projected rental income for the property. We tend to find, that most lenders will expect you to have your own income from either a main job or self employment.
We have some lenders on the panel who aren't as interested in looking at your own income for a buy to let mortgage in Brighton, whereas others will want you to be earning a minimum of £25,000 pa per year.
As long as you have built up a decent amount of equity within your property and can release this equity via a remortgage in Brighton, this can be used for a deposit on a buy to let property. As we've said, the deposit for a buy to let is typically around 25%, though depending on circumstances you may be asked for somewhere between 20%-40%.
Yes, there are cases where some look to obtain a buy to let mortgage as a first time buyer in Brighton. Although, most lenders will prefer an applicant who is a current homeowner, over someone who hasn't made mortgage payments before.
The benefits of having a mortgage broker in Brighton by your side will give you the chance to be informed through the entire process and look at which options are available to you based on your financial and personal circumstances. Having responsive mortgage advisors in Brighton, we can search 1000's of buy to let mortgages and always strive to ensure our landlords will receive help and support throughout the entire buy to let process.
We'll work around your busy landlord schedule and be here when you need us.
No upfront fees payable, you only need to pay us upon mortgage success in Brighton!
Whether it's a mortgage administrator or a mortgage advisor in Brighton, you'll always know who you are dealing with.
We've helped many new and existing landlords throughout the entire buy to let process of obtaining a mortgage in Brighton.
We'll recommend appropriate insurance products, ensuring you can stay at home in Brighton, should you become seriously ill or unable to work.
As a mortgage broker in Brighton, we can find the best buy to let deal for you, saving you time and money.
Having been in the industry for over 20 years, we have helped many landlords obtain a buy to let mortgage. There's hardly a situation that we haven't come across before.
When you get in touch for mortgage advice in Brighton, we'll help you with any mortgage hurdles that you face along the way, such as property survey and valuation problems.
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4.97 Rating285 Reviews
Hannah
The whole team at UK Moneyman have been so friendly and helpful, whilst also providing an excellent service and securing me a mortgage offer really quickly. Even when there were questions and changes, they went over and above to help and always came...
Sarah
Fantastic service from Tom Bowes
Brooke
Excellent service, great communication & highly professional
Khristopher
Malcolm and Meghan did a great job with my application which due to a chain breaking down had to be done for two different properties, was kept informed throughout and they made me aware of changes in the market i didn't know about. Would...
Hilary
Matt and Wendy worked tirelessly and creatively to reach a great mortgage outcome for me in what was a less than straightforward journey. The commitment and advocacy was fist class and communication, always excellent. Matt really earned his broker...
Nina
I'm very happy with the services UK Moneyman have been providing during my buying process so far. I'm a first-time buyer so it was very important to me to have a mortgage broker who could answer all my questions in a timely and...
Stuart
Great team who works to get you exactly what you need, they made the whole process smooth and painless, so I would highly recommend them.
Danielle
I honestly couldn't have asked for a better service with UK Moneyman! I have been working with Charlie and Wendy! They have been SO helpful throughout the whole process and so supportive, never a hassle for them when I've been bombarding...
Clair
Informative, friendly, helpful and efficient service.
Katie
Really glad I went with UK Moneyman for my first mortgage, explained everything to me so well and was always on hand when I needed them as I work long hours at weekdays so having appointments on the weekends was so helpful for me, would definitely...
Natalie
Tom and Chloe were super helpful with our first time mortgage. We had a couple of properties fall through but Tom was there to help and guided us through the whole process.
paul
I think anyone would have difficulty finding a more helpful and friendly Financial Advisor. We used them to find a suitable later life mortgage and their effort and persistence in the face of some difficulties (caused by our particular...
Anonymous
Good advice and a professional hand both made the process seem effortless. Full marks for a service and result!!
Christopher
Wayne and Paula have been very helpful in helping me purchase my first house would highly recommend them to anyone wanting a mortgage advisor! Wayne was also very flexible with time as I have very odd working hours and worked out a time for phone...
Carol
Excellent service, Tom and Lynsey were responsive and extremely helpful including in resolving issues of transferring the offer to another property when the seller of the first property I was buying pulled out.
Marco
It's the 3rd time I've dealt with the team at UK Moneyman, as before they have been informative, punctual, detailed and a pleasure to deal with. I couldn't reccomend them more highly.
Suzanna
Excellent communication from start to finish. Highly recommend.
Rasheda
Very friendly and provided all the information I needed.
Pauline
Very pleased with Allen’s professionalism , he was able to answer all my questions to my satisfaction
Paul
Excellent experience all around, used for two mortgages and will use again
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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
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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
