You'll find that there are some mortgage lenders who are less focused on your personal income when you are looking to take out a buy to let mortgage, whereas there may be others who will require you to be earning at least £25,000 pa or more. It's generally a lot easier for existing homeowners to obtain a buy to let in Canterbury, though it may still be possible to do so if you are a first time buyer, first time landlord. The Financial Conduct Authority does not regulate some types of buy to let or commercial mortgages.
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We're more and more frequently seeing landlords forming their own limited companies as a way for them to buy additional properties in their portfolio. If you are looking to take on this as a potential option, you will need to speak with your accountant. As an expert mortgage broker in Canterbury, we have the ability to compare 1000s of different buy to let deals, allowing us to find the best deals, whether you're a new landlord or an existing one.
Apply NowHow much deposit do I need for a buy to let in Canterbury?
As a general rule, you'll most likely need at least a 25% deposit in order to obtain a buy to let mortgage in Canterbury. If you are a less experienced landlord, this may be higher, often being between 20-40% deposit instead.
How much can I borrow for a buy to let in Canterbury?
When you are looking to obtain a buy to let mortgage in Canterbury, the amount that you are able to borrow will depend on the projected rental income that you could be making from the property. In addition to this, most mortgage lenders will want to see that you have an income of your own, outside of this, such as a main job or self employment of some kind.
How much do I need to earn to get a buy to let mortgage in Canterbury?
You'll find that there are a handful of mortgage lenders who may not be so keen to look at your personal income for a buy to let mortgage in Canterbury. Those who will want to see this, will be expecting you to earn around at least £25,000 per annum.
Can I use the equity in my house for the deposit of a buy to let in Canterbury?
If you have a substantial enough amount of equity sitting in your property and are able to release this equity by way of a remortgage in Canterbury, you can use this equity towards the deposit for your buy to let purchase. Remember though, that the standard deposit for a buy to let property purchase, is around 25%, though this can differ based on your circumstances.
Can I get a mortgage on a buy to let in Canterbury as a first time buyer?
The simple answer to this would be to say yes, you may have the option of taking out a buy to let mortgage as a first time buyer in Canterbury. That being said, it can be quite a challenging process and you will come to realise that the vast majority of lenders would much rather lend to someone who is experienced in making monthly mortgage payments, over somebody who is not.
Why use a mortgage broker in Canterbury?
The benefit of entrusting a mortgage broker in Canterbury to help you with your buy to let purchase, is that you'll have an experienced mortgage advisor to review your case, match you up with the appropriate lending criteria and find you the best deal that is out there for you. As an open & honest mortgage broker in Canterbury, we are able to use our mortgage world experience to support you every step of the mortgage process, overcoming any obstacles that are in your path.
We offer a flexible service, working around your busy work and family life in Canterbury. We're always here when you need us.
Absolutely no fees upfront, we are only paid upon results, when you obtain your mortgage in Canterbury!
From our hard working mortgage administrators, to our professional mortgage advisors in Canterbury, you'll always know who you are working with.
We’ll be on hand to provide support to both new and existing landlords throughout their process of obtaining a mortgage in Canterbury.
We'll recommend to you any appropriate insurance products, allowing you to remain at home in Canterbury, in the event you become seriously ill or unable to work.
As an open & honest mortgage broker in Canterbury, we can search for the best deal for you, saving your time and your money.
There likely aren't many situations we haven't come across in the past, your mortgage advisor in Canterbury will understand your needs as a buy to let landlord.
When you book in for mortgage advice in Canterbury, we'll help you overcome any mortgage hurdles, such as property survey and valuation problems.
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Hasan
excellent service
Anonymous
My initial interaction with Faye from UK money man has been really personable and I felt like she understood my needs very well. I’m hoping they can help deliver what I need and I didn’t feel any pressure to have to go further with my...
Rodrigo
UK Moneyman have been super helpful and reliable. Have always been able to count on them getting back to us quickly and made us feel comfortable checking anything out we were not really sure about. They made the whole process as easy and hassle free...
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The team were fantastic, in finding the product for me. Jo also walked me through what to expect when purchasing your first home I.e. time frames, and answer my many questions. Also their after care has been great, checking in on how the purchase is...
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Myself and partner used UK Moneyman for our first time buyer mortgage. We’ve had round the clock care well above the norm. Multiple routes forward regarding which mortgage to go for with lots of information to help prepare us through the...
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I cannot thank the UK Moneyman service enough. Securing a mortgage meant more than just that to me, it was – is - a life chance. However, because of my credit history, I didn’t think that it could be done. Right from the start of the...
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Leo and Kayleigh have been great from the first phone call that I made to them. They have both helped us each step of the way and it has been a great comfort to my wife and me that everything had been taken care of by them both. We will definitely...
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Ryan and Kayleigh were incredibly helpful and always available to answer our questions whenever we needed - and we had a lot of them as we are first time buyers who didn't have a clue about any of the process to begin with! They secured our...
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UK money man where so helpful. Chloe and Joe was amazing with us. Stayed in contact with us giving advice and updates, so glad we chose UK money man! Thanks for all your help.
Anonymous
Amazing, when ne and my partner first looked into buying a house, we had no idea about how to get a mortgage or anything. Moneymen were extremely helpful all the way through and sorted everything smoothly and efficiently! Very happy, will use again...
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We’re so glad that we decided to use UKM to help us through the process of buying our first home, they took most of the stress off our shoulders and we’re always there to answer any queries. Would definitely recommend them to anyone...
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I found Dinah at Harrogate Moneyman to be extremely supportive. She listened carefully to our needs, proposed solutions and followed up closely. A great service - I’d recommend Harrogate Moneyman to anyone looking for mortgage options.
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Absolutely fantastic from the start of the process. Everything was explained really clearly and I feel that the advice given to me throughout was done so with my best interests at heart. Would recommend to anyone looking into getting a mortgage.
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I used UK moneyman after using many other brokers. Tom Dent and Meghan Robinson fought for my case and was able to land me the mortgage offer I needed. In such a sellers market, having a great team around you makes such a difference. I will...
Axel
Mizna has been amazing and helped us to get a better mortgage protection for a cheaper price than what we previously had. Would definitely recommend!
Nadia
excellent as always and very efficient. used them for my first-time mortgage and also my remortgage now
Christopher
Excellent service from Mizna. Went the extra mile to get me the best deal. Will definitely use again.
Carlos
Mizna Coates helped me reviewing a critical illness protection plan I have. Her advice helped me to take an informed decision. I feel her advice was honest and thorough, keeping my best interest as a priority and not just trying to sell me a...
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For me, UK Moneyman is very experienced, very professional, Great advisor, very friendly and respectful. They always get you prompt response. I was so comfortable with them during the whole process. I strongly recommend them. Special thanks to all...
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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
