When it comes to getting a buy to let mortgage, we usually find that lenders will look less at your income and more at the requirement that you earn a minimum of £25,000 pa or more. This is one of the main reasons why it's more straightforward to get a buy to let mortgage when you're already a landlord or own your own home. On the other hand, this option can be possible for a first time buyer/first time landlord in Kent. Our team will provide you with the most up to date information regarding buy to let legislation and lending criteria. This all part of our open and honest mortgage advice in Kent. The Financial Conduct Authority does not regulate some types of buy to let or commercial mortgages.Get Started
Through our experience as a mortgage broker in Kent we are finding more and more landlords are deciding to run their own limited companies in order to purchase additional property to build their portfolio. If you are exploring this option, it is best that you speak to an accountant. Our team have extensive experience in supporting landlords to get a buy to let mortgage . As well as this, we have access to a large panel of lenders providing buy to let products which means we can find the most suitable mortgage for your investment goals. We have built up relationships with many existing landlords in the area as a friendly mortgage broker in Kent. We have helped them by growing their portfolio of buy to let properties further as well as looking into their remortgage options to release equity which is helpful towards funding a deposit for another buy to let property.Apply Now
If you are thinking of getting a buy to let mortgage in Kent, the minimum you will need to put down is 25% of property value. Some lenders may ask for deposits in the range of 20-40%.
When it comes to the maximum amount you can borrow for a buy to let mortgage in Kent this all depends on the projected rental income for the property. For many lenders, they will expect applicants to have their own income from the applicant's main job or self employment.
Here at UK Moneyman, we have a large panel of lenders who aren't as interested in looking at your income for a buy to let mortgage in Kent, but others will prefer you to be a earning a minumum of £25,000 pa per year.
If you have built up a substantial amount of equity within your property and can release this equity through a remortgage in Kent, you can use this as a deposit on a buy to let property. As mentioned, the deposit for a buy to let is usually around 25%, however depending on the lender, you may be required to put down a deposit of around 20%-40%.
In some cases, you may be able to obtain a buy to let as a first time buyer in Kent. Contrary to this, the majority of lenders will prefer an applicant who is a current homeowner, over someone who hasn't made mortgage payments before.
Approaching a mortgage broker in Kent can be beneficial as you will have lots of support and guidance throughout your mortgage journey and will get insight on the best route to take based on your personal situation and financial background. As your dedicated mortgage advisors in Kent, we can search 1000's of buy to let mortgages and always provide a tailored service to help and support landlords throughout the buy to let process.
We provide a flexible service in order to be available around your busy landlord schedule.
Our team will only request payment upon mortgage success in Kent!
You will always know who you are speaking to whether it be a mortgage administrator or a mortgage advisor in Kent.
Our extensive experience has provided us with the opportunity to provide a helping hand to many budding and existing landlords towards their goal of getting a mortgage in Kent.
As well as finding you the most appropriate mortgage product for your situation, we also recommend the best insurance products for you in the event you become seriously ill or unable to work.
Our goal as a mortgage broker in Kent is to find you the best deal for you situation so you can save you time and money.
With over 20 years of industry experience under our wing, we have supported many landlords in obtaining a buy to let mortgage. Therefore, it's very rare that we come across a situation that we haven't dealt with before.
With our tailored mortgage advice in Kent, our team strive in helping you overcome any mortgage obstacles you may encounter like property survey and valuation problems.
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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...
Fantastic service from Tom Bowes
Excellent service, great communication & highly professional
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...
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...
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...
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.
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...
Informative, friendly, helpful and efficient service.
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...
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.
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...
Good advice and a professional hand both made the process seem effortless. Full marks for a service and result!!
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...
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.
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.
Excellent communication from start to finish. Highly recommend.
Very friendly and provided all the information I needed.
Very pleased with Allen’s professionalism , he was able to answer all my questions to my satisfaction
Excellent experience all around, used for two mortgages and will use again