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.
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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.
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.
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.
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.
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.
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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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
