Burger Menu

Buy to Let Mortgage Advice in Cardiff

Get Your Free Consultation 7 Days a Week

029 2010 2804

We are able to search 1000’s of Buy to Let Deals, Saving your Time & Money!

Do you have experience in renting out Buy to Let properties and want to mortgage a new property or remortgage an old one? Maybe you are brand new to the Buy to Let market and have dreams of becoming a landlord? No matter the situation, we have experienced Buy to Let experts on hand to go through the entire process with you.

 

Over our many years of providing Mortgage Advice in Cardiff, we have helped a large number of budding landlords onto the Buy to Let market. We are also able to help with building property portfolios, by providing a basis for income generation and/or capital growth as part of their retirement planning.

 

We have experienced and friendly Mortgage Advisors in Cardiff available to help you throughout your process. Buying a property can be stressful, but we’ll do our best to ease it.

 

How does it work?Get a quote nowMeet your advisor

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 Mortgages | Popular Situations

  • You are looking at the possibility of becoming a First-Time landlord.
  • As an existing landlord you are looking to build upon your property portfolio.
  • You are in need of some help looking for a property, as you are out of town.
  • You are currently on a standard variable rate mortgage and are looking to remortgage.
  • There is another purchase that’s caught your eye and you’re looking to raise money from your current Buy to Let to put towards it.
  • You are looking to change a residential property into a Buy to Let.
  • It has been a few years since you have been involved in the property market and you would like a refresher of the rules.
  • You are hoping to deal with a broker exclusive mortgage lender.
  • The bank is making things difficult for you.
  • Your situation is a little harder than most and you are in need of expert advice.

We work with a large number of mortgage lenders offering a variety of deals, including many specialist mortgage lenders. Our mortgage advice team have in-depth knowledge of all their different lending criteria.

Buy to Let Mortgages Cardiff

There are many different reasons for potential and existing landlords to invest in the property market. Some do it for future property/capital growth, whilst others do it to supplement the income they currently have. Some even plan for the long-term, looking at planning for their eventual retirement.

 

If you are looking at converting your current home into a Buy to Let investment before you move on to a new property, feel free get in touch. Our experienced Mortgage Advisors in Cardiff may be able to help you. These sorts of transactions are titled Let to Buy mortgages and we encounter them on a regular basis.

 

Our team of friendly Mortgage Advisors in Cardiff would be able to help arrange your new purchase and existing property mortgage. Something else you could look at is remortgaging your existing property to raise money for a future property.

 

As an Open & Honest Mortgage Broker in Cardiff, we are here to help you.  Contact us today and we will arrange your free mortgage consultation.

What our customers say

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 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 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