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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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
