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Buy to Let Mortgage Advice in Cardiff

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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 007

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

The minimum deposit for a buy to let mortgage is usually 25% of the property value, though it can vary between 20%-40%.

Roughly your initial mortgage consultation will take around an hour. A Mortgage Advisor in Cardiff will then recommend a potential mortgage for you, which you can then choose to take or decline – You have no obligation!

As your dedicated Mortgage Broker in Cardiff, we carry out a Fact Find to clarify what is required for your personal situation before we progress and recommend a potential mortgage. To obtain an Agreement in Principle we then need to conduct a credit check. Once all the relevant documentation has been presented to your advisor, and a valuation of the property has been undertaken, a formal mortgage offer can be issued.

It is advised that you obtain an Agreement in Principle before you begin viewing properties in Cardiff. This helps reduce the risk of disappointment at a later stage. At the very latest you should look at getting one before you are ready to make an offer, as this will help with your bargaining position.

The average time an Agreement in Principle lasts for is between 30 and 90 days depending on the Lender you have gone with. If your Agreement in Principle expires, you can always get it refreshed.

If you are looking at things like debt consolidation or Home Improvements, then you may be able to get a second mortgage. Second mortgages may also be applicable if you are hoping to use it for yourself, a family member, a holiday home, or a Buy to Let mortgage.

You may still be able to get a mortgage with a poor credit history, but this will typically require a higher deposit than usual, sometimes around 15% of the property purchase price.

To obtain a mortgage whilst Self-Employed in Cardiff once you have submitted at least one years’ account. Most Lenders use your salary plus dividend to calculate the maximum mortgage, whilst others may choose to go off your net profit.

For an employee to prove income you are looking at the last 3 payslips and if you’re self-employed you’ll need the last 2 years of accounts. You will also need to provide proof of ID, address, and 3 months’ bank statements.

Generally speaking, our free consultations take around 1 hour. A Mortgage Agreement in Principle can usually be sorted within 24 hours. A formal mortgage offer takes about three weeks on average, depending on the circumstances.

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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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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.

© 2020 Cardiffmoneyman

Cardiffmoneyman, 33 Cathedral Road, Cardiff, CF11 9HB.

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