Buy to Let Mortgage Advice in Liverpool

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We Search 1000’s of Buy to Let Deals
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Are you an existing homeowner in the market to make your first buy-to-let purchase and become a landlord? Perhaps you are an experienced landlord with a substantial portfolio? Perhaps you are a first-time buyer first time landlord, looking to make the step from renting homes to renting them out.

 

No matter the situation that applies to you, we are a team of experts in the field of buy to let in Liverpool. As a Mortgage Broker in Liverpool, we have a lot of knowledge of buy to let mortgage criteria. We use our expertise to find the most suitable buy to let mortgage deal for your goals.

 

We have been doing this now for well over two decades. As such, we have helped thousands of customers over the years with all kinds of buy to let mortgages, helping them to build their portfolios. This is whether they are looking to find a new means of income generation or for capital growth as a piece of their plans for retirement.

Buying a Property Through a Limited Company in Liverpool

Are you looking at what your options are for a buy to let in Liverpool, when using a limited company (Special Purpose Vehicle/SPV)? Our dedicated and hardworking team of mortgage advisors in Liverpool will be able to use the knowledge they have gathered over the years, to talk through your mortgage with you.

 

Instead, if you would like to compare taxation benefits, you will need to get in touch with a specialist tax advisor. They are the appropriate persons to speak with on this topic.

 

As well as helping home buyers with standard residential buy to let mortgages in Liverpool, we also have the knowledge to help with HMOs (House of Multiple Occupancy) and any holiday let purchases.

 

It can be stressful purchasing a home to let out to a tenant. Speak to one of our expert mortgage advisors in Liverpool to ease that process. We form relationships with both brand new and experienced landlords, helping them to with their buy to let mortgage journey.

 

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:

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Common Scenarios for Buy to Let in Liverpool

Through working with a plethora of landlords in Liverpool, we have dealt with a range of customers with varying scenarios. Within your free mortgage appointment, we can offer a range of mortgages. These include:

Buy to Let Remortgage Options & Deals

Landlords who already have a portfolio of buy to let properties may want to look at purchasing further properties.

 

In order to fund the deposit for future properties, buy to let landlords look at the option to remortgage to release equity.

 

Furthermore, in the event of potential arrears occurring, a buy to let landlord in Liverpool might decide to raise capital against another property. This way, they can cover their debts instead of selling off property.

Limited Company Mortgages / Special Purpose Vehicles (SPVs)

This process does have its pros and cons, however, you might find some landlords purchase more properties for their portfolio through a Limited Company or SPV (Special Purpose Vehicle).

 

If you are looking into purchasing a property through a Limited Company or SPV, seeking assistance from a Specialist Mortgage Advisor in Liverpool could be helpful as they will be able to guide you down the best route.

HMO Mortgages

It’s common for five or more people to occupy a House of Multiple Occupation (also known as HMO). You might find that many landlords who own student accommodation favour this option. Not every lender offers HMO deals which can make finding these products challenging. We recommend speaking to a Specialist Mortgage Advisor in Liverpool if you are looking to apply for a HMO mortgage.

Buy to Let Mortgages in Liverpool

Over our 20 plus years in the industry, we have encountered a variety of situations. Whether you are a first time buyer, first time landlord looking to invest in buy to let or have a complicated situation that requires help from a Mortgage Advisor in Liverpool, please get in touch with our team to speak to a Specialist Mortgage Advisor in Liverpool.

Buy to Let in Liverpool | Why Choose Us?

There are various different reasons as to why a landlord may look to make an investment purchase within the property market. Some home buyers become landlords for the possibility of future property or capital growth, whilst others may do it to supplement their monthly income.

 

Every so often we will also come across landlords who are making any plans for the long-term, looking to create a nice, comfortable retirement for when they’re ready to leave the working life behind.

 

If you are thinking about changing your residential home and turning it into a buy to let in Liverpool, we would recommend getting trusted and expert Mortgage Advice in Liverpool. Our dedicated and affable mortgage advisors in Liverpool will do their best to help you make the arrangements on your new purchase and your existing property mortgage.

 

You may also have the option to take out a remortgage on your current buy to let property, as a means of raising capital to put towards the deposit for another property purchase.

 

We are here to help and guide you throughout your process. Book your free mortgage appointment today and we’ll see how we can help.

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Common mortgage
questions

As your Mortgage Broker in Liverpool, our first job is to carry out a Fact Find on you to get a bigger picture of your personal and financial situation, so that we can recommend the most suitable mortgage for you. In order to obtain an Agreement in Principle, you will also need to have a credit check performed on you. Once you have provided all the relevant evidential documentation and a valuation of the property has been undertaken, a formal mortgage offer can be issued.

Buy to Let deposits can vary, a lot has to be considered by the lender and that is why it can be as little as 20% up to 40%. In Liverpool, we mostly see lenders wanting a minimum at 25%.

Your free mortgage consultation with Liverpoolmoneyman will last around an hour. After your details have been taken, a Mortgage Advisor in Liverpool will then search through thousands of mortgage deals to find a perfect matching deal for you. Once we recommend the deal, you can decide whether to proceed with us or not, it’s completely up to you!

We always recommend that you obtain an Agreement in Principle before you start viewing properties in Liverpool, as they can potentially put you in front of other buyers who don’t have one. Lenders will like the fact that you have prepared before making an offer.

An Agreement in Principle typically remains valid for between 30 and 90 days, but this can change depending on your lender. If your Agreement in Principle expires it can always be refreshed. A Mortgage Broker in Liverpool like us can usually get one sorted for you within 24 hours within your application.

Yes, you can get a second mortgage. You can take out a second mortgage for your current home for things like debt consolidation and home improvements. It is also possible to take out a second mortgage for another property if you want. Usually, this situation comes about when people are interested in a holiday home, are buying for a friend/family member or want a Let to Buy or Buy to Let.

It is possible but it can be a bit tricky though. When you have had previous credit problems your minimum deposit that is required could rise, we have seen it at 15% before. Having a Specialist Mortgage Broker in Liverpool could really help you get back on track in situations like these.

After you have proven at least one year’s accounts to your lender, you should be able to get a mortgage. Most lenders in Liverpool will use your salary plus dividend to work out your maximum mortgage, however, some can go off your net profit.

If you’re an employee, you will usually have to supply three payslips in order to prove your income. If you are Self Employed in Liverpool its normally the latest 2 years’ accounts. You will also need to produce proof of ID, address and 3 months’ bank statements.

Our free initial mortgage consultation can last up to an hour. As an experienced Mortgage Broker in Liverpool, after we have all of your information we can get you an Agreement in Principle within 24 hours or your phone call. On average, a formal mortgage offer takes about three weeks.

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

Liverpoolmoneyman.com & Liverpoolmoneyman 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 Liverpoolmoneyman

Liverpoolmoneyman, Rodney Chambers, 40 Rodney Street, Liverpool, L1 9AA.

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