Buy to Let Mortgage Advice in Cardiff

Get Your Free Consultation 7 Days a Week

Reviews io White Logo

Read our Reviews

Reviews IO Stars

Mortgage Advice for a Buy to Let in Cardiff

If you are currently looking at getting mortgage advice for a Buy to Let in Cardiff, our open & honest Mortgage Advisors in Cardiff are here to lend a helping hand. Whether you’re ready to take that first step and become a landlord or already have a lot of experience in being a landlord, we have a lot of industry knowledge on Buy to Let in Cardiff.

 

As a trusted Mortgage Broker in Cardiff that works hard to help our customers achieve their goals, we have helped many different property investors in securing fantastic buy to let mortgage deals. Our dedicated team will take a look through 1000s of unique mortgage products, in order to find you the most suitable mortgage deal for your circumstances.

 

If you would like your purchase of a buy to let property via your limited company (known as a Special Purpose Vehicle, or SPV for short), our hard working team of mortgage advisors in Cardiff have lots of experience in working on this too, and will be more than happy to discuss your mortgage options.

 

For those who are looking at taxation benefit comparisons, then you will need to contact an experienced tax advisor as they will be able to appropriately advise you on this topic.

 

Though we typically help customers with standard residential buy to let purchases in Cardiff, we do have the ability to help with HMOs (House of Multiple Occupancy) and holiday lets too, so if you need any help with one of these, book your free mortgage appointment with a buy to let expert in Cardiff and we’ll see how we can help.

 

How does it work?Get a quote nowMeet your advisor

The Financial Conduct Authority does not regulate some types of buy to let or commercial mortgages.

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

Mortgage Lenders 001
Mortgage Lenders 002
Mortgage Lenders 003
Mortgage Lenders 004
Mortgage Lenders 005
Mortgage Lenders 006

Buy to Let in Cardiff

During our time working as a dedicated mortgage broker in Cardiff, we have helped many different landlords to secure a mortgage on a property that they are investing in.

 

Customers may be looking for standard buy to let mortgage advice in Cardiff, for advice on a holiday let in Cardiff, or for a HMO purchase. In any case, our fast & friendly mortgage advice team in Cardiff will be more than happy to take a look at your case, in order to find you the best mortgage deal for your situation.

 

 

Here are some of the more common mortgage scenarios that our expert buy to let mortgage advisors in Cardiff have come across in the past;

Residential Buy to Let in Cardiff

Residential mortgages are the most common in the buy to let world. This is the standard buy to let, wherein you purchase and take out a mortgage on a standard residential property in Cardiff, allowing tenants to move in and pay you rent, rather than living in it yourself.

 

The vast majority of borrowers looking to work with a buy to let in Cardiff will sign up for an interest-only mortgage, as this means they will only pay interest each month, allowing for lower monthly costs. This monthly fee is normally covered by the rental amount gathered, though the remaining capital will need to be paid in full by the end of your mortgage term.

House of Multiple Occupancy (HMOs)

A house in multiple occupancy is a term given in reference to properties that are rented out to multiple tenants, typically with shared common areas. Examples you may be familiar with include student housing or house shares. Depending on the size of your HMO property, you may be required to obtain a license from the local council. It is recommended that you speak with the local authority prior to your purchase, so that you are aware of all legalities.

 

Because HMOs are technically a specialist classification of a buy to let in Cardiff, you’ll find that not all mortgage lenders have products on offer for them. Luckily for anyone looking to work with a HMO, we do have a selection of mortgage lenders who are able to provide mortgages for this type of purchase.

 

HMOs will generally bring in higher yields than a regular buy to let investment would, though you will have to be wary of other costs, such as license fees from your local authority and more frequent property maintenance.

Buy to Let in Cardiff through a Limited Company

More and more do we come across landlords making property portfolio purchases using their limited company as an SPV (Special Purpose Vehicle). This is even more so when it comes to landlords who already have such an extensive portfolio to their name.

 

As a more general rule of thumb for this, purchases through a limited company will result in the owner paying a higher interest rate when taking out a mortgage. There also aren’t as many options for mortgage products with lenders, as there are fewer mortgages on offer for a SPV than a standard residential buy to let purchase.

 

Conversely to this point, any costs involved can often be greatly outweighed by the potential tax savings you could make. We would always recommend that you speak with an experienced tax advisor prior to this, to make sure it is the best route for you to take in your investment.

Holiday Lets Cardiff

Holiday let mortgages work in a way that allows someone to make an investment on a property that will have multiple short tenancies, rather than any long term tenants residing within the property.

 

A holiday let, much like a HMO purchase, is classed as a specialist type of investment. This once again, means that you will have fewer options with mortgage lenders, as there will be less products on offer. Our mortgage advisors in Cardiff also have lots of experience in helping customers with their holiday let buy to let purchases in Cardiff, so they will be able to look at finding the best deal for your circumstances.

 

If your situation relates to the above or if you have a different case altogether, please don’t hesitate to book in for a free mortgage appointment with one of our mortgage advisors in Cardiff. We will use our experience in the field of buy to let mortgages, in order to help you with your mortgage needs.

Buy to Let Mortgages Cardiff

As an expert mortgage advisor that helps out with your Buy to Let in Cardiff, we will be on hand to provide guidance and support all throughout your mortgage journey. This is from your first point in contact, until your mortgage completes and beyond.

 

Our service is available every day of the week, from early until late, including weekends and some bank holidays. It’s our goal to help you across any hurdles you encounter throughout your process.

 

Our team of open & honest mortgage advisors here at Cardiffmoneyman are very experienced in helping customers with a buy to let in Cardiff, gaining lots of knowledge from helping customers to make a portfolio purchase.

 

We like to reduce the stress from landlords, taking on the complex part of the process for them, and forming working relationships that leads many to get back in touch for further purchases or remortgages.

 

We always ensure that our advisors are up to date with the most recent legislation and lending criteria for buy to let in Cardiff, which in turn means we can make sure all of our customers are we informed and given professional and accurate mortgage advice in Cardiff.

 

Our fast & friendly mortgage administrators and advisors will aim to give you a clear and simple mortgage process, through each step of your mortgage experience.

 

To learn more about our service and why so many chose us for mortgage advice on a Buy to Let in Cardiff, please take a look at our amazing reviews, left by genuine customers who were happy with the mortgage advice they received!

Reviews Stars5.00 Rating3 Reviews

Common mortgage
questions

Your free initial mortgage consultation will last around 30-60 minutes. During your consultation, you will get to speak with your dedicated Mortgage Advisor in Cardiff. Their job will be to get a better understanding of your mortgage needs and situation so that they can search for the perfect mortgage deal for your personal and financial situation.

It can still be possible to get a mortgage, even with bad credit problems in the past. Even though it may be a little harder, it isn’t impossible!

You may have to put down a higher deposit if you have bad credit, this could be 10%-15%.

Your first job is to carry out our mortgage Fact Find so that we can get an idea of your mortgage needs and what sort of deals you want to be looking for.

Afterwards, we will book you in with a Mortgage Advisor in Cardiff who will get a couple more pieces of information from you.

Then we can arrrange an Agreement in Principle for you within 24-hours to increase the chances of the seller accepting your offer.

If you’ve found yoru dream home, and are happy with our mortgage recommendation, we can start the mortgage application process! A formal mortgage offer can take longer than 3 weeks, during which, we will keep you informed with the progress of your application.

As a Mortgage Broker in Cardiff, we recommend that our applicants obtain an Agreement in Principle (AIP) as soon as possible. Having an AIP whilst you’re viewing properties can increase your chances of being accepted by the seller. It may also allow an opportunity for price negotiation.

Once you have an Agreement in Principle (AIP) in place, it should last between 30-90 days. If your AIP expires, you can easily renew it by getting back in touch with your Mortgage Advisor in Cardiff.

First of all, your free mortgage consultation should last around 30-60 minutes. Once this is complete, your Mortgage Advisor in Cardiff will obtain an Agreement in Principle for you within 24-hours. Then, if you are happy to proceed with the deal that your advisor has recommended, we can submit your mortgage application. A formal mortgage offer can take on average around 3 weeks to return.

During your mortgage application, you’ll be asked to provide evidencing documents:

– Latest 3 Payslips (Employed), Last 2 years’ Accounts (Self-Employed)
– Latest 3 Months’ Bank Statements
– Latest P60
– Photographic ID

During your mortgage application in Cardiff, if you’re Self-Employed, you’ll need to submit at least one year’s accounts. As a Mortgage Broker in Cardiff, we’ve found that most lenders use your salary plus dividend to calculate the maximum mortgage amount that you can borrow. Although, some lenders may choose to go off your net profit.

Depending on why you want to get a second mortgage, it may be easier to get one than not.

There are various reasons why someone may want a second mortgage, for example:

– Buy to Let
– Debt Consolidation
– Home Improvements
– Second Home
– Marital / Relationship Breakdown

Whether you’re a current or aspiring landlord, you’re usually going to need 20%-40% of the property value for a Buy to Let in Cardiff. Typically, it’s around the 25% mark.

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.

Handy quick links

Cardiffmoneyman.com & Cardiffmoneyman are trading styles of UK Moneyman Limited, which is authorised and regulated by the Financial Conduct Authority.
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

The information contained within the website is subject to the UK regulatory regime and is therefore primarily targeted at customers in the UK.
Should you have cause to complain and you are not satisfied with our response to your complaint, you may be able to refer it
to the Financial Ombudsman Service, which can be contacted as follows

The Financial Ombudsman Service, Exchange Tower, London, E14 9SR
www.financial-ombudsman.org.uk

© 2022 Cardiffmoneyman

Cardiffmoneyman, 4th Floor, 14 Museum Place, City centre, Cardiff, CF10 3BH.

Moneyman Logo







Moneyman Logo




Moneyman Logo

Ask Your Question





    Moneyman Logo

    Moneyman Logo







    Moneyman Logo

    Book your Free Consultation

    7 Days 8am - 10pm

    Moneyman Logo

    Moneyman Logo