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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Rating Reviews
Derek
They were great when handling our mortgage application even though it was a bit different to the normal one. Highly recommended
Michelle
The team at UK Moneyman have been excellent, really informative, providing sound advice with no judgement and supporting the best possible way forward for myself. I would definitely use the team again, they’ve made the whole process simple and...
Lawrence
Great company to work with, very helpful and excellent communication. Chris and Jo did a great job with our application. I highly recommend.
Gemma
Excellent speedy service and always available to work around the best times for us, including calls at weekends
Gillian
Having dealt with Leo previously I knew I would be getting a brilliant service and a good deal.
Karen
Very helpful.Quick response to any questions or concerns. Selected the right product to meet our requirements.
Stephen
We went to the Moneyman to start with regarding a new mortgage only which went really smoothly and everything was explained in simple terms at our request Malcom made it feel at ease . Once i had the confidence with them we asked them to help with...
Victoria
Jenna was very quick to sort out my mortgage, it was very straight forward and easy.
John
UK money man are excellent and have walked me through every stage of both the initial mortgage process and the remortgage two years later, couldn’t recommend them enough!!
Antonia
Matt Collinson and Meghan Robinson were absolutely wonderful. Provided updates, always avaliable and dealt with our mortgage so quickly! We had a mortgage offer within 2 and a half days and they sorted it all. Absolutely over the moon and would...
Babak
So fast and brilliant services which surprised us and the agent by receiving the mortgage offer less than one week. Malcolm is very responsive
Alistair
We used UK Moneyman for our first mortgage back in 2021. When it came to remortgaging, we confidently used their services again. Chris has been fantastic at reassuring us around the changes in interest rates and explaining everything clearly. Meghan...
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 happily...
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 professional manner....
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 them with...
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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
