Read our 12 Reviews
Are you looking to become a landlord by completing your first buy-to-let purchase? Perhaps you’re already a landlord have a good sized property portfolio to your name? Maybe you’re a first time buyer first time landlord, looking to transition from renting to renting out.
No matter which circumstance applies we are an experienced buy to let mortgage broker in Sunderland, with a great deal of knowledge in the various lenders buy to let mortgage criteria, utilising this in order to find the most appropriate buy to let mortgage deal for the goals you are looking to achieve.
Over our two decades on working across the mortgage industry, we have provided assistance to thousands of customers with countless different buy to let mortgages, helping build their property portfolios by getting them towards this new means of income generation and/or capital growth as part of their retirement plans.
If you are looking at your options for purchasing your buy to let property through a limited company (referred to as a Special Purpose Vehicle or SPV for short), our trusty team of mortgage advisors will be able to use the wealth of knowledge they have in this field too, and will be more than happy to talk through your mortgage with you.
If instead you are looking to discuss and compare taxation benefits, then this is something you will need to talk this through with a dedicated tax advisor as this is something that they will be better suited for advising on.
As well as helping customers with standard residential buy to let mortgages in Sunderland, we are also able to extend our services to helping with HMOs (House of Multiple Occupancy) and holiday let purchases.
The act of purchasing a property with a view to let it out can be very stressful, which is why we have dedicated expert mortgage advisors in Sunderland on hand to build customer relationships with hopeful, brand new and longtime experienced landlords, guiding them throughout the buy to let (or possibly let to buy) mortgage process(es).
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 have a great deal of mortgage knowledge when it comes to working with buy to let mortgage lenders. As an experienced mortgage broker in Sunderland, we have a large amount of lenders who have buy to let mortgage products, some of these more specialist and all with their own unique lending criteria.
Utilising our years of mortgage market experience and knowledge, we have the ability to recommend our customers the most suitable buy to let mortgage product based on your personal and financial situations.
There are a lot of different reasons why a landlord may look to make an investment within the property market.
Some become landlords for potential future property or capital growth, whilst others do it to provide a boost to their existing income.
From time to time we’ll see landlords creating plans for the long-term, looking ahead to the future as a means to create a nice, comfortable retirement once they’re ready to leave work life behind.
We have many years of experience working with budding and existing landlords, building relationships with them as their portfolios grow. Get in touch and we will take a look at the ways we can help.
If you are considering switching up your current home and making it a buy to let investment prior to moving home in Sunderland, we definitely recommend speaking to a mortgage broker in Sunderland.
We may be able to help you out! Transactions like these are given the name of let to buy mortgages and this is something we encounter on a regular basis when talking to customers.
Our trusted team of mortgage advisors in Sunderland will work hard to help you make arrangements on your new purchase and existing property mortgage.
You may also be able to take out a remortgage on your current property onto a buy to let and at the same time, raise capital to put towards the deposit of a new home.
As your trusted mortgage advisor in Sunderland, we are here to provide you with help and guidance. Get in touch with us today and we’ll book you in for your free mortgage appointment.
5.00 Rating12 Reviews
Jordan
Helen was very helpful on the call to re arrange a call back to speak about our mortgage. Very pleasant phone call
Diane
This has been a fantastic service from the initial enquiry to getting the mortgage offer through, everything explained in detail and nothing was a problem, very helpful and professional staff. Would highly recommend using this company to anyone
Martin
Great team and great service. Always happy to help and they make the process easy to understand. They got me a deal I was happy with then got me a better one.
Paul
Spoke to Dale Hunter a few times today. Polite, professional and happy to answer any questions. Over the moon with the service received.
Anonymous
Our advisor was Jason Loft and all I can say is he was amazing and very polite and so was all of his team. Me and my partner are first time buyers so were quite apprehensive about the whole process. However Jason and his team gave us all the...
Anonymous
With the help from Jason and Laura, our mortgage process went very smoothly. As first time buyers we had many questions which they were on hand to answer promptly. Would highly recommend!!
Anonymous
Listened to my every need. Very polite and helpful. Spoke well and clearly understood what was being said and great advice. Thanks
Anna
From start to finish, the service was great. Everything was explained clearly, every little adjustment and query I asked for was expertly dealt with by Leo, who gave me new info and examples of our mortgage requests. Process was very easy to...
Anonymous
Very quick response from the first time I contacted them. Both Cathy and Leanne were great at keeping us informed throughout the process and always responded to our emails within a couple of hours, often less. They understood the stresses and...
Sofia
As a first time buyer I was pretty clueless as to what was needed and when to buy a house. The brokers at Sunderland moneyman made it very easy for me and guided me through the whole process. I’d defiantly give them a recommendation. Thank...
Leon
I am a First Time Buyer and before I contacted Sunderland Moneyman I didn’t have a clue about mortgages or whether I would even qualify for one. My Advisor (Wayne) came across like he really cared and he was always on the end of the phone...
Karen
Jason and his team gave an outstanding service. They were reassuring, consistent and were always on hand to give advice and support when necessary. I will be using their service again when my fixed rate ends in 2 years time. Thank you again...
This can vary between 20%-40%, though the minimum deposit for a buy to let mortgage is generally 25% of the property value.
Your free initial mortgage consultation with a mortgage advisor in Sunderland will last round about one hour. They will then recommend a mortgage for you, wherein you have no obligation to proceed and you can decide whether or not that particular deal is something you’d like to go forward with.
As a trusted and well experienced mortgage broker in Sunderland, we will first carry out a Fact Find to establish your personal needs, before we begin searching and recommending the most suitable mortgage for you. A credit check will be required for an Agreement in Principle. A formal mortgage offer can be issued once you have provided all the relevant documentation and a valuation of the property has been undertaken.
To avoid any kind of disappointment with a property, we recommend you obtain an Agreement in Principle before you begin property viewings in Sunderland. We would say that at the very latest, you should obtain one before you start to make offers, in order to assist your bargaining position.
A standard Agreement in Principle typically lasts for around 30 to 90 days depending on the Lender. If your Agreement in Principle expires, you can get it easily refreshed.
You may have the option of getting a second mortgage on your home for things like debt consolidation or Home Improvements. This can also be possible if you’re wanting to use it for yourself, a family member, a holiday home or a Buy to Let.
If you have had credit problems previously in life, you may still have a chance at obtaining a mortgage, but you may be required to put down a higher deposit than usual. This could be be 15% of the property purchase price.
Once you have submitted at least one year’s accounts to the lender, you may be eligible for a mortgage. Most Lenders will calculate the maximum mortgage with salary plus dividend, whereas others sometimes go off your net profit.
A lender will usually need three payslips for an employee to prove income and the latest 2 years’ accounts for an applicant who is self-employed. You will also need to provide them with proof of ID, address and 3 months’ bank statements.
Your free consultation with a mortgage advisor in Sunderland will typically lasts up to an hour or so. We have the ability to turn round an agreement in principle within 24 hours. A formal mortgage offer has been known to take roughly about three weeks on average.
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.
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.
