There are some lenders who do not focus on your personal income when it comes to taking out a buy to let mortgage, whereas others need you to be earning £25,000 pa or more. It is much easier to get a buy to let mortgage if you are a homeowner, but it is possible for 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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More and more landlords are starting their own limited companies to buy their properties through, you’ll need to speak to an accountant if you think this might be right for you. Being an expert mortgage broker, we can compare 1000's of buy to let deals for new and existing landlords.
Apply NowHow much deposit do I need for a buy to let?
Usually, the minimum deposit for a buy to let mortgage is 25% of the property value. Although, this can vary between 20%-40% depending on your history as a landlord.
How much can I borrow for a buy to let?
The amount that you can borrow for a buy to let mortgage will be determined by the rental income that the property is likely to generate. Also, most lenders will require you to have an income yourself from a main job or self employment.
How much do I need to earn to get a buy to let mortgage?
There are some lenders who do not focus on your personal income when it comes to taking out a buy to let mortgage, whereas others need you to be earning £25,000 pa or more.
Can I use the equity in my house for a buy to let deposit?
If you have sufficient equity in your house and can release this equity via a remortgage, you are able to use this for a deposit on a buy to let property. Remember, a buy to let deposit is typically 20%-40%.
Can I get a buy to let mortgage as a first time buyer?
The simple answer is yes, however, most lenders will want an applicant that currently owns a property over someone who has no experience in the field.
Why use a mortgage broker?
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, we can use our extensive experience to guide you through the process and help clear any obstacles you face on the way.
We're flexible to work around your busy schedule, we work beyond the general 9-5 in order to be there when you need us.
You won't have to pay us before we do anything! We only ask for payment once we get results.
You'll always have the same case manager to help work alongside you throughout the entire process.
Sometimes new or existing landlords need some additional support. We’ll be to support you throughout the entire process.
Our team will recommend suitable insurance products to ensure you can stay in your home should you become seriously ill and unable to work.
Our mortgage advisors will search the market for the most suitable buy to let mortgage to match your current circumstances, saving you time and 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.
Throughout the mortgage process, we will help you overcome any hurdles you encounter like issues with property surveys and down valuation.
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Hasan
excellent service
Anonymous
My initial interaction with Faye from UK money man has been really personable and I felt like she understood my needs very well. I’m hoping they can help deliver what I need and I didn’t feel any pressure to have to go further with my...
Rodrigo
UK Moneyman have been super helpful and reliable. Have always been able to count on them getting back to us quickly and made us feel comfortable checking anything out we were not really sure about. They made the whole process as easy and hassle free...
Steph
The team were fantastic, in finding the product for me. Jo also walked me through what to expect when purchasing your first home I.e. time frames, and answer my many questions. Also their after care has been great, checking in on how the purchase is...
Luke
Myself and partner used UK Moneyman for our first time buyer mortgage. We’ve had round the clock care well above the norm. Multiple routes forward regarding which mortgage to go for with lots of information to help prepare us through the...
David
I cannot thank the UK Moneyman service enough. Securing a mortgage meant more than just that to me, it was – is - a life chance. However, because of my credit history, I didn’t think that it could be done. Right from the start of the...
Nathaniell
Leo and Kayleigh have been great from the first phone call that I made to them. They have both helped us each step of the way and it has been a great comfort to my wife and me that everything had been taken care of by them both. We will definitely...
Mary
Ryan and Kayleigh were incredibly helpful and always available to answer our questions whenever we needed - and we had a lot of them as we are first time buyers who didn't have a clue about any of the process to begin with! They secured our...
Danielle
UK money man where so helpful. Chloe and Joe was amazing with us. Stayed in contact with us giving advice and updates, so glad we chose UK money man! Thanks for all your help.
Anonymous
Amazing, when ne and my partner first looked into buying a house, we had no idea about how to get a mortgage or anything. Moneymen were extremely helpful all the way through and sorted everything smoothly and efficiently! Very happy, will use again...
Rebecca
We’re so glad that we decided to use UKM to help us through the process of buying our first home, they took most of the stress off our shoulders and we’re always there to answer any queries. Would definitely recommend them to anyone...
Thorsten
I found Dinah at Harrogate Moneyman to be extremely supportive. She listened carefully to our needs, proposed solutions and followed up closely. A great service - I’d recommend Harrogate Moneyman to anyone looking for mortgage options.
Shadi
Absolutely fantastic from the start of the process. Everything was explained really clearly and I feel that the advice given to me throughout was done so with my best interests at heart. Would recommend to anyone looking into getting a mortgage.
Johanan
I used UK moneyman after using many other brokers. Tom Dent and Meghan Robinson fought for my case and was able to land me the mortgage offer I needed. In such a sellers market, having a great team around you makes such a difference. I will...
Axel
Mizna has been amazing and helped us to get a better mortgage protection for a cheaper price than what we previously had. Would definitely recommend!
Nadia
excellent as always and very efficient. used them for my first-time mortgage and also my remortgage now
Christopher
Excellent service from Mizna. Went the extra mile to get me the best deal. Will definitely use again.
Carlos
Mizna Coates helped me reviewing a critical illness protection plan I have. Her advice helped me to take an informed decision. I feel her advice was honest and thorough, keeping my best interest as a priority and not just trying to sell me a...
Heza
For me, UK Moneyman is very experienced, very professional, Great advisor, very friendly and respectful. They always get you prompt response. I was so comfortable with them during the whole process. I strongly recommend them. Special thanks to all...
William
MoneyMan have been nothing but helpful with my mortgage enquiries. Quick to respond and found me an excellent rate I wouldn't have found without them. Highly reccomend.
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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
