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Buy to Let Mortgage Advice in Sunderland

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Buy to Let Mortgage Advice in Sunderland

Maximise your investment with tailored mortgage advice in Sunderland and start your landlord journey with us!

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Are you a budding or existing landlord looking for a buy to let mortgage in Sunderland

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, as a mortgage broker in Sunderland 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.

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Buy to Let Mortgage Advice in Sunderland

We build relationships with landlords with buy to let mortgages in Sunderland

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 in Sunderland 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).

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

How much deposit do I need for a buy to let mortgage in Sunderland?

Although this may vary from lender to lender, we tend to find the vast majority look for a deposit of about 20-40% of the property value. Factors like your property portfolio’s size, circumstances, and credit score determine the maximum amount you can borrow for a mortgage.

Also, there are some mortgage lenders out there with exclusive offers that are only accessible to existing homeowners who want to buy to let the mortgage in Sunderland.

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Common FAQs for Buy to Let in Sunderland

If I'm a first time buyer, can I get a buy to let mortgage in Sunderland?

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It is possible for a first time buyer in Sunderland obtain a buy to let mortgage in Sunderland, although this can depend on your circumstances and the mortgage lender you match with.

Your application could be considered a risk because you have never owned a property before, which a mortgage lender will take into consideration when deciding whether to accept or reject your mortgage application.

If you’re already the owner of a house, it might be much easier to apply for a buy to let mortgage in Sunderland because it provides lenders with solid proof of your reliability when it comes to lending money.

How much can I borrow for a buy to let mortgage in Sunderland?

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The maximum amount a landlord can borrow for a buy to let mortgage in Sunderland will be determined by the projected rental income that the property is likely to generate once tenants have been found and a tenancy agreement begins.

Mortgage lenders will also want to see that you have an income yourself from a main job or self employment. The reason is that you will need to be able to cover the monthly payments of their buy to let the mortgage in Sunderland, in case of down periods where you do not have tenants living in the property.

What documents do I need for a buy to let mortgage in Sunderland?

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You will need to provide your mortgage lender with documents for your buy to let mortgage in Sunderland. Your mortgage lender may also ask for the following:

  • Proof of income (last 2/3 months bank statements or SA302 tax returns if you are self-employed).
  • Proof of deposit.
  • ID & current address.
  • Latest or current P60.
  • Proof of rental income.

Why use a buy to let mortgage broker in Sunderland?

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We provide expert buy to let mortgage advice in Sunderland and our team will be by your side to find which options for a buy to let mortgage in Sunderland suits your need and available based on the circumstances you provided.

Having expert knowledge in buy to let mortgages, we have worked working alongside many new / existing buy to let landlords in Sunderland, and helped guide them through the entire buy to let process.

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Our Simple Mortgage Process

Free 30-Minute Mortgage Appontment

Step 1

To discover what investment goals are achievable, it is best to book your free mortgage appointment to speak with one of our dedicated buy to let mortgage advisors in Sunderland today.

During this appointment, your mortgage advisor in Sunderland will determine whether it is best to take out an interest-only buy to let or a repayment mortgage.

We Can Search 1000s of Mortgage Deals

Step 2

Our mortgage advisors in Sunderland search through 1000s of mortgage deals to find the best buy to let mortgage product that may help your investment goals!

We will then get your mortgage agreement in principle, which can be a great tool to support all the property purchase offers you want to make.

Submit Your Mortgage Application

Step 3

When your offer has been accepted, your mortgage advisor in Sunderland will continue with your full mortgage application and forward any evidential documents to the lender.

During this process, your mortgage lender will stress-test your projected rental income to ensure you can afford all monthly payments, plus any other additional costs.

Protecting You and Your Mortgage

Step 4

Whether you are a new or existing landlord with several properties to your name, making it is important to recommend relevant insurances to cover you in times of need.

We will also contact you when your buy to let the mortgage needs to be renewed to make sure you are on the most suitable deal for your investments.

Reasons to Choose Us

Free Mortgage Appointment

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There are a lot of different reasons why a landlord may look to make an investment within the property market.

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.

1000s of Deals

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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.

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.

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.

Our Service

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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.

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 and provide expert mortgage advice in Sunderland.

7 Days a Week

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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.

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.

Malcolm and Amy Davidson - Mortgage Advice in Sunderland

We Search 1000s of Buy to Let Mortgages in Sunderland

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Buy to Let Mortgage Scenarios in Sunderland

Residential Buy to Let Sunderland

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A residential buy to let in Sunderland allows you to take out a mortgage on a residential property purchase, that you intend to rent out as opposed to living in.

Most buy to let borrowers out there will probably take out their mortgage on an interest-only basis, as doing this will ensure that their monthly payments are lower because they will only be paying the interest per month.

Landlords will pay the monthly amount through the rental fees they have gathered each month. You will still need to pay off the capital in full once the term ends.

House of Multiple Occupancy (HMOs)

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A house in multiple occupancies is the name given to residential properties that have more than two tenants and shared areas for them to use. This is often seen with student housing.

Depending on the size of your HMO, you may be legally obliged to obtain a local council license. We always recommend that you talk to the local authority in advance, so you know everything done is legal.

Because HMOs are labelled as a specialist buy to let in Sunderland products, you’ll find that there is only a select handful of mortgage lenders out there who will offer mortgage products on them. Luckily for our customers, we do have some mortgage lenders on panel who are very happy to work with HMO property investments.

HMOs often have the potential for a higher return on investment than other standard buy to let ventures. A keynote is other costs associated with these types of investments, such as local authority license fees and general maintenance of your property, especially if it is given to students.

Buy to Let Through a Limited Company

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Nowadays, more landlords are looking at their options for making their investment through means of a limited company SPV (Special Purpose Vehicle). This tends to be more prominent with experienced buy to let landlords with an extensive list of property portfolios.

When you take out a mortgage with your limited company, you tend to pay a larger interest rate and you will be limited in the range of lenders that you will be able to go to.

This can be hugely outweighed by potential tax savings. We always recommend speaking with an experienced tax advisor in Sunderland to make sure that taking this path is right for you.

Holiday Lets Sunderland

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Holiday let mortgages are a type of mortgage that is used for those who want to buy a property that will have various regular short-term leases over its time.

A holiday let product is also classed as a specialist type of investment, so again you will find that there are only a handful of options. To be more positive, our expert mortgage advisors in Sunderland are incredibly knowledgeable regarding holiday let lending criteria and will be able to look into your options.

If your situation is not mentioned above, then please feel free to book your free mortgage appointment. It is not often that we have encountered a ‘new’ scenario, we have dealt with all sorts.

Mortgage Guides & Sunderlandmoneyman 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

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