It can be possible to find a lender who doesn't focus on your personal income as much when it comes to a buy to let mortgage. On the other hand. there are some who require you to earn at least £25,000 pa or more. Though there is the possibility to get a buy to let mortgage as a first time buyer/first time landlord, it can be simpler to get a buy to let mortgage if you are currently a homeowner. The Financial Conduct Authority does not regulate some types of buy to let or commercial mortgages.
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One of the main reasons why many landlords are starting their own limited companies is to purchase further properties for their portfolio. You will need to speak to an accountant if you think this is an option you'd like to take. A benefit of utilising the services of a trusted mortgage broker in Norwich, like ourselves, is that they have access to 1000's of buy to let deals that they can compare for both budding and existing landlords.
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Usually, the minimum deposit for getting a buy to let mortgage in Norwich is 25% of the value of the property However, this may be between 20-40% depending on your history as a landlord.
When it comes to borrowing for a buy to let mortgage in Norwich, it all depends on the projected rental income for the property. Furthermore, many mortgage lenders will want you to have your own income from either a main job or self employment.
Depending on the lender, you may not need to evidence your personal income for a buy to let mortgage in Norwich. Many lenders may want you to be earning £25,000 pa or more.
As long as you have substantial amount of equity within your property, you do have the option to release this equity by a remortgage in Norwich. This equity can be used as a deposit on a buy to let property. It's important to note that the deposit for a buy tot let is usually 25%, however, it can be between 20-40% depending.
There is a chance you will be able to get a buy to let mortgage as a first time buyer in Norwich. On the other hand, it can be difficult with many lenders favouring applicants who are already homeowners and have made mortgage payments before.
Going through the process with a mortgage broker by your side can be beneficial when it comes to understanding the options available to you and your circumstances. As a mortgage broker in Norwich, we can guide you through the buy to let mortgage journey utilising both your lengthy experience and rich knowledge. We also work hard in overcoming any hurdles you may face.
We provide a service that works around your busy work and family life in Norwich. We work around you.
We provide all our customers with a free mortgage appointment that has no upfront fees. You pay us upon mortgage success in Norwich.
All landlords have a dedicated case manager in Norwich with you throughout the process.
Whether you are a first time landlord or an existing landlord, our team will provide you with the support to obtain your first mortgage in Norwich.
We'll recommend appropriate insurance products, ensuring you can stay at home in Norwich, should you become seriously ill or unable to work.
As a mortgage broker in Norwich, we can find the cheapest deal for you, saving both your time and your money.
Through our experience in the mortgage industry, we have helped and built up relationships with many landlords who are looking to expand their portfolio,
When a customer contacts us for mortgage advice in Norwich, our team will help them overcome any mortgage hurdles like 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
