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Buy to Let Mortgage Advice in Sheffield

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Buy to Let Mortgage Sheffield

If you are in need of receiving expert Buy to Let Mortgage Advice in Sheffield, our trusted team of dedicated Mortgage Advisors can help with this.

 

You could be a first time landlord or you could already have an extensive portfolio of properties. Either way you’ll always receive the same level of service our experienced mortgage team are wont to provide.

 

As a well-known and reputable Mortgage Broker in Sheffield, we have helped many investors obtain some fantastic buy to let mortgages. Our dedicated team will search through 1000s of products to find you the most appropriate mortgage for what you’re looking to achieve with your investment purchases.

 

If perchance you would rather purchase your buy to let property by way of a limited company (Special Purpose Vehicle), our mortgage advice team will still be able to talk you through your options. We have experience in many different areas of the buy to let mortgage market.

 

If you are looking to discuss and compare taxation benefits, this is something you’ll ideally need to talk through with a tax advisor as they will be able to correctly provide you with advice on this topic.

 

As well as standard residential buy to let mortgages in Sheffield, we also have the knowledge and experience to provide assistance with HMOs (House of Multiple Occupancy) and holiday lets, should you require it.

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We search 1000s of mortgage deals across a large number of lenders, including:

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Fast & Friendly Buy to Let Mortgage Advice in Sheffield

We’ve come across many different buy to let mortgage scenarios as a mortgage broker in Sheffield.

Remortgage a Buy to Let in Sheffield

Current landlords who’ve already built up a portfolio of buy to let properties may want to invest in further opportunities. If this is the case, there’s an option to remortgage one of the properties to release equity. This equity can be used to cover the deposit on another buy to let property.

Limited Company Mortgages / Special Purpose Vehicles (SPVs)

Not all lenders will accept an applicant who is applying through these means, however, it’s not impossible to find a lender who will.

 

If you’re looking to grow your buy to let portfolio through a Limited Company or Special Purpose Vehicle (SPV), this is a specialist topic, so we would strongly recommend that you speak with a specialist Mortgage Advisor in Sheffield.

HMO Mortgages in Sheffield

House of multiple occupation mortgages are taken out on properties occupied usually by five or more people. They’re particularly popular amongst landlords who own student accommodation.

 

These types of buy to let products can sometimes be hard to find; not every lender will offer HMO deals. If you’re thinking of applying for a HMO mortgage for your buy to let property, it may be worthwhile speaking to a specialist mortgage advisor in Sheffield.

Buy to Let Mortgages in Sheffield

We understand that there are lots of different buy to let mortgage scenarios. For example, you may be a first time buyer and are planning to invest in buy to let or you may have a complicated mortgage situation that requires help from an expert. If you need a second opinion on anything ‘buy to let’, feel free to get in touch with our expert team today.

 

Buy to Let Mortgages Sheffield

As an experienced and well-versed Buy to Let Mortgage Broker in Sheffield, we always strive to ensure our customers receive help and support throughout the full process.

 

We will be available seven days a week, anytime we’re needed and at a time that best suits you. Buy to Let mortgages are never always as simple and easy as you’d like. We will do what we can to help you over any hurdles that arise during your journey.

 

Our long-standing team of mortgage advisors in Sheffield, here at Sheffieldmoneyman, know the buy to let mortgage market from front to back, left to right.

 

We have a great deal of experience in working with buy to let mortgages, forming recurrent relationships with landlords and helping them to find the best mortgage that will suit their situation.

 

We always make sure that we are up to date with the latest buy to let legislation and lending criteria, as this allows us to offer our customers recent, open and honest mortgage advice in Sheffield.

 

Your dedicated mortgage advisor will be by your side from the start of your process, right through until the end of your buy to let mortgage transaction.

 

It is our company aim to make the process as clear & simple as we possibly can, from your initial contact with us, up until the day that you get the keys to your property.

 

Take a look at our genuine customer reviews and bear witness to the reasons why so many landlords choose us when looking to take out a buy to let mortgage.

What our customers say

Common mortgage
questions

The minimum deposit for a Buy to Let mortgage is usually 25% of the property value. However, this can vary between 20%-40%. If have any further questions regarding you Buy to Let mortgage deposit, speak to one of our Buy to Let Mortgage Advisors in Sheffield today.

Your free mortgage consultation with a Mortgage Advisor in Sheffield will last approximately an hour. Once they have evaluated your situation, they will recommend a mortgage for you with no obligation for you to proceed. Based on the deal, you can decide whether or not you want to continue the process with us or not.

As a trusted Mortgage Broker in Sheffield, we carry out a fact find to verify your needs before recommending you with a mortgage deal. After a Mortgage Advisor in Sheffield has evaluated your situation, they will perform a credit check on you, this is required for an agreement in principle. Then after you have provided all of the relevant documentation and a valuation of the property has been carried out, a formal mortgage offer can be issued.

We always advise that you obtain an agreement in principle before you start viewing properties in Sheffield, to avoid disappointment. If you want to get yourselves a head start, you should get one prior to making an offer.

Typically, an agreement in principle lasts for between 30 and 90 days, however, this can change depending on your lender in Sheffield. If your agreement in principle expires, you can renew it quite easily.

Yes, you can get a second mortgage. Whether this is for debt consolidation or home improvements, this is possible. It is also possible to take out a second mortgage on a second property but only if it is own use, the use of a family member, a holiday home or a Buy to Let.

It will be harder but yes you can. You will have to show that you can afford a mortgage by putting down a higher deposit, perhaps 10% or 15% of the purchase price.

Yes, however, you must submit at least one years’ accounts. Most lenders use your salary + dividend to calculate the maximum mortgage, whereas other lenders in Sheffield could base it of your net profit.

If you are an employee, you will need to provide three payslips to prove your income. If you are Self Employed in Sheffield, you will have to prove for the latest 2 years’ accounts. Along with this, you must produce proof of ID, address and 3 months’ bank statements.

Our free mortgage consultation in Sheffield will take about an hour. Once your consultation is completed, we can arrange an agreement in principle for you within 24 hours. A formal offer takes up to three weeks on average.

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We make it so easy!
Our 4 step process

Step 1

A telephone call where we can take some initial details and find out about your plan of action.

Step 2

Enjoy finding a property!

Step 3

Make an offer on the property you set your heart on – we’ll finalise your figures and help you to get a good deal.

Step 4

Our mortgage recommendation. We’ll try to find you the best mortgage deal. We’ll be there to support you, right through to you getting your keys.

A telephone call where we can take some initial details and find out about your plan of action.

Enjoy finding a property!

Make an offer on the property you set your heart on – we’ll finalise your figures and help you to get a good deal.

Our mortgage recommendation. We’ll try to find you the best mortgage deal. We’ll be there to support you, right through to you getting your keys.

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Sheffieldmoneyman.com & Sheffieldmoneyman are trading styles of UK Moneyman Limited, which is authorised and regulated by the Financial Conduct Authority.
UK Moneyman Limited is authorised and regulated by the Financial Conduct Authority.
UK Moneyman Limited registered in England, registered number 6789312 and registered office 10 Consort Court, Hull, HU9 1PU.

© 2021 Sheffieldmoneyman

Sheffieldmoneyman, Courtwood House, Silver Street Head, Sheffield, S1 2DD.

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