There will be some lenders who take less of a focus on your personal income when it comes to a buy to let mortgage, whereas others will require that you earn at least £25,000 pa or more. It is much easier to get a buy to let mortgage when you already own your own home, but it is possible to be a first time buyer/first time landlord combination. The Financial Conduct Authority does not regulate some types of buy to let or commercial mortgages.
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We find that more and more landlords are starting their own limited companies as a means of purchasing additional properties for their portfolio. You will need to speak to an accountant if you think this is an option you'd like to take. Being an expert mortgage broker in Oxford, we are able to compare 1000's of buy to let deals for both new and existing buy to let landlords.
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Typically speaking, the minimum deposit for obtaining a buy to let mortgage in Oxford is 25% of the value of the property in question That being said, depending on your history as a landlord, this amount may vary somewhere between 20%-40%.
The amount that you can borrow for a buy to let mortgage in Oxford will be determined by the projected rental income for the property. Additionally, the majority of mortgage lenders will require you to have your own income from either a main job or self employment.
There are some lenders may not be so interested in looking at your personal income for a buy to let mortgage in Oxford, whereas others will want you to be earning £25,000 pa or more.
If you have a suitable amount of equity within your property and can release this equity via a remortgage in Oxford, this can be used for a deposit on a buy to let property. Remember, the deposit for a buy to let is typically 25%, though can be somewhere between 20%-40% depending.
To answer this simply, yes, you may be able to obtain a buy to let mortgage as a first time buyer in Oxford. That being said, it can be challenging, and the majority of lenders will prefer that an applicant who is a current homeowner, over someone who hasn't made mortgage payments before.
By having a mortgage broker by your side will give you the chance to be informed of the options that are available to you based on your financial and personal circumstances. Being a mortgage broker in Oxford, we are able to use our extensive experience to guide you through the process and help you get ahead of any mortgage hurdles in your way.
We're flexible around your busy work and family life in Oxford, we'll be there when you need us.
No upfront fees payable, you only need to pay us upon mortgage success in Oxford!
Whether it's a mortgage administrator or a mortgage advisor in Oxford, you'll always know who you are dealing with.
We’ll be to support both new and existing landlords throughout the entire process of obtaining a mortgage in Oxford.
We'll recommend appropriate insurance products, ensuring you can stay at home in Oxford, should you become seriously ill or unable to work.
As a mortgage broker in Oxford, we can find the best buy to let deal for you, saving both your time and your 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 Oxford, 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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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
Lee
Absolutely brilliant both Matt & Stacey. Really clear with us what our options were. Will use again when i need to find another mortgage.
Ryan
Chloe and Tom were very helpful and informative throughout and very knowledgeable we would recommend UK moneyman to any first time buyers
Michael
I can’t thank or recommend these guys enough. Highly professional, helpful and friendly from the outset - very knowledgeable and great customer service.
Edward
Great company to work with, very helpful and always prompt to answer any queries.
Michael
Great service! Quick and trustworthy!
Jennifer
Excellent service from both Leo and Meghan who we feel went above and beyond to help us get our first mortgage, even when faced with some very unforeseen changes! They made the whole process extremely easy and understandable. We have already...
Keyuri
Very helpful
Shaun
Excellent service from the team, were very informative throughout the process even when we had to swap the house we were purchasing resulting in a new mortgage application.
Ian
Excellent service from Wayne and Stacey. Wayne took time to explain everything and reran mortgage calc a number of times as my property search went on which was much appreciated. Stacey was also extremely helpful, informative and quick to respond to...
Liam
Incredibly helpful from start to finish, gave me all the information I needed and made the whole process much easier
Mark
Megan and Wayne have been great throughout. Both really easy to work with and on top of things at every step of the process. Thanks a lot.
Anonymous
Excellent service by Malcolm, Paula & Meghan. We completed our purchase last week in what was supposed to be a very difficult case due to my bad credit and limited trading history as a director of LTD company. UKmoneyman dug out a lender that...
Jasmine
Very good service received. Wayne is very knowledgeable and helpful especially with me been a first time buyer. Also very accommodating with timings and I was able to have chats later on a night to fit my schedule. Very supportive all the way...
Joseph
So far so good ! The first point of contact was lovely, made me feel at ease and very knowledgeable.
Callum
Absolutely fantastic service from the start, in helping getting a mortgage. Charlie always replied to my messages as quickly as possible and was very clear, thorough and calming through the whole process, cutting out a lot of worries had I not used...
Jonathan
Great help from the team, helped find exactly what we were after, and was an easy straight forward process. Being self employed it can be tricky however there were no problems with the help and advice we received.
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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
