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.
Get Started
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.
Apply Now
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.
Our Customers Love Us
Rating Reviews
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...
Read our Reviews
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
Contact
Follow Us
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
