If you need mortgage advice for a buy to let in Nottingham, you’ve come to the right place. Our knowledgeable and skilled buy to let mortgage advisors have been helping landlords for the past 20 years – we’re experts within this field.
As a mortgage broker in Nottingham, it is our job to guide you through the whole buy to let mortgage process. We will also try and find you a buy to let mortgage product tailored to your specific financial situation as a landlord.
Are you planning to buy your buy to let in Nottingham through a limited company (SPV)? If so, we can help!
Our buy to let mortgage advisors are also highly qualified when it comes to working with specialist buy to let situations. The team would be more than happy to run through all of your possible buy to let options with you.
We can also help with HMO’s and holiday lets too, if that’s something that you’re interested in.
If you want to speak with a professional about taxation benefits, you will need to contact a tax adviser.
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 helped many landlords secure a competitive buy to let mortgage products in the past, here are the most popular scenarios that our mortgage advisors in Nottingham come across:
As a mortgage broker in Nottingham, this is the most common option for buy to let in Nottingham. This is where the landlord is buying with the sole intention of renting out the property.
This is a specialist but popular type of buy to let in Nottingham. A HMO is a property that is shared by multiple households. This means that you’ll get individual rent payments from each tenant.
You should speak with your local authority to find out the rules and requirements for a HMO buy to let in Nottingham.
For landlords with a large buy to let portfolio, we’ve found that it’s becoming more common to invest in buy to let through a limited company special purpose vehicle (SPV).
Despite having to pay higher interest rates through this method of buy to let, you may be able to save money on tax.
This option for buy to let in Nottingham is for people looking to purchase a holiday home to rent out. Our mortgage advisors in Nottingham will be able to go through these details with you.
As a mortgage broker in Nottingham, we work with a large number of mortgage lenders, including a broad range of specialist lenders for buy to let in Nottingham. Our team have in-depth knowledge of each lender and their different lending criteria.
There are many different reasons for landlords to invest in a Buy to Let in Nottingham. Some do it for future property/capital growth, whilst others do it to supplement their current income. Some see it as a long term investment, looking at retirement planning.
If you’re thinking about maybe turning your current home into a buy to let in Nottingham before moving onto a new property, we would advise that you take the time to speak with a mortgage broker in Nottingham, like us! We may be able to help!
Our mortgage advisors in Nottingham would be able to help arrange your new purchase and existing property mortgage should you wish. You may also be able to remortgage your current property onto a buy to let and at the same time, raise money for a deposit towards a new home. By speaking with an expert, you’ll be provided with a reliable service and transparent service.
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Marie
Absolutely amazing from start to finish. So helpful, every step of the way we was informed of what was happening. Cannot thank them enough.
Anonymous
Very pleased with the service. Chris and the Team have helped me through the mortgage process, making it as easy as possible. They have also managed to find an excellent mortgage deal.
Clare
Nottingham moneyman helped me with my first mortgage 5 years ago and I had a great experience then and now my mortgage is up I have had another great experience with sorting out what to do next. Couldn't recommend the company enough
Kunal
Professional, polite & thorough. I’m genuinely glad I found these guys. Thank you so much.
Rosita
Excellent service the help and support provided throughout the process was second to none. I would highly recommend this company for any of the services they provide. Dan Osman in particular was so supportive and invested in my family he was such...
Leslie
Excellent service from Tom for our second mortgage, supported us through the process with very quick turnaround. Cannot recommend Nottinghammoneyman highly enough!
Craig
Quick at responding and delivered on everything they promised.
Lisa
The Nottingham Money Man group have been fantastic in helping me to navigate the complicated waters of house buying and obtaining a mortgage and the relevant other insurances etc you need with this. They have taken their time to explain things...
Wayne
Well what can i say We dealt with Leo Shakespeare and Jo Parnell throughout all stages of Our Mortgage Application, they both discussed and went through every detail throughly and helped us immensely i couldn't of wished for anyone better to of...
Daniel
I couldn’t find a mortgage in principle anywhere that suited me because of Low credit scores and applying for mortgage alone, I honestly thought I was never going to able to buy a house but jason managed to work some magic and find me something...
Sindi
Very happy with the service, super friendly staff and extremely helpful.
Christopher
Charlie has been the ideal advisor in the months we've worked together. Knowledgeable, honest, personable and consistently happy to help. He and his team have made my experience as a first-time buyer a LOT less confusing!
Anna
Would and will be recommending this company. They (Conner) provided an extremely professional and efficient service in switching over our mortgage to a better interest rate. Always very contactable which quite frankly is something in this day and...
Alexander
Great service. Best value. We spoke to 3 brokers. Money man had the best deals so went with them. Service was fantastic. The mortgage we wanted was being pulled on the day so Paula went out of her way to ensure they had everything to send our...
Jan
first time I’ve used U.K. money man and I would like to say big thank you to Chris and Stacey who were helping us with our mortgage and made whole process smooth and easy for us from beginning to the end.Thank you 🙏
Jonathan
Very helpful and informative. Kept us in the loop and followed up with emails. Thank you!
Baljinder
Conor was excellent and efficient through the process and always helpful. Would highly recommend Moneyman.
Rosalind
Paula and Dan worked on our remortgage and we cannot recommend them highly enough. Dan initially handled the case and was very thorough, efficient and found us a great deal. We needed to remortgage around the time of Kwarteng’s mini budget so it...
Amy
Daniel was my mortgage advisor and he was excellent, friendly, efficient and honest in what was available to me in the current climate. Will continue to use Nottingham Moneyman for my remortgages.
Molly
Really happy with the care and support we received throughout our mortgage application! Communication was easy & response time was fast - thank you!
The required mortgage deposit for a buy to let property usually falls within the range of 20-40% of the property’s value and may vary depending on factors such as the mortgage lender, the property itself, and your buy to let history.
Our dedicated mortgage advisors in Nottingham will provide you with a free mortgage appointment that typically lasts around 30 mins.
During this appointment, we will gather information about your financial and personal situation.
Based on the information obtained during the consultation, your mortgage advisor in Nottingham will then search for the ideal mortgage deal tailored to your specific needs.
If you are satisfied with the mortgage offer presented by your mortgage advisor in Nottingham, the next step is to proceed with your mortgage application.
Our mortgage process is composed of several stages. Firstly, we will ask you to complete our Fact Find to provide us with a clear understanding of your mortgage needs and goals.
Next, you will have a free appointment with a mortgage advisor in Nottingham, who will begin searching for mortgage options that are tailored to your individual circumstances. If we find a suitable offer that meets your requirements, we can proceed with your mortgage application.
To obtain an agreement in principle, we will conduct a credit check on you and gather supporting documents to validate your mortgage application.
Once we have submitted your mortgage application, we will wait for a formal mortgage offer to be issued.
We highly recommend obtaining an agreement in principle before you start viewing properties if you’re planning to apply for a mortgage.
This is because an agreement in principle is usually required to make an offer on a property, and it can also help you negotiate prices.
As a mortgage broker in Nottingham, we can help you to obtain an agreement in principle from a mortgage lender, which demonstrates their willingness to grant you a mortgage based on your financial circumstances.
With an agreement in principle in place, you can have a better idea of what properties you can afford and approach the buying process with more confidence.
The validity period of an agreement in principle (AIP) typically ranges from 30 to 90 days, but this may vary depending on the specific mortgage lender.
In case your AIP expires before you find a suitable property, you can easily renew it by contacting your mortgage advisor in Nottingham or the mortgage lender.
As a mortgage broker in Nottingham, we often see customers seeking a second mortgage for various reasons. Some of the most common reasons include:
– Consolidating debt.
– Making home improvements.
– Investing in a buy to let property.
– Other reasons, such as purchasing a holiday home or helping a family member with a mortgage.
Obtaining a mortgage may be a bit more challenging if you have a history of bad credit, but it’s not impossible!
In such cases, some mortgage lenders may require a slightly larger deposit from you, typically around 10-15%.
Whilst this is the case, there may still be many options available to you, and as an experienced mortgage broker in Nottingham, we can help you find a mortgage lender that is willing to work with your situation.
Submitting at least one year’s worth of accounts increases your chances of getting approved for a mortgage.
The mortgage lenders we work with typically consider your salary plus dividend to determine the maximum mortgage amount.
Some lenders may base their calculations on your net profit. The criteria varies from lender to lender.
– Photo ID (Driving license, Passport, etc.).
– Proof of Address (Utility bills, tax bills, credit card statements, etc.).
– Latest 3 months’ payslips & Latest P60 (employed applicants)
– Latest 2 years’ tax calculations and corresponding overviews (self-employed applicants)
– 3 months’ bank statement proving the deposit being built-up with an explanation for any large credits.
Typically, your free mortgage appointment in Nottingham will take approximately 30 mins.
After the appointment, we can provide you with an agreement in principle, usually within 24 hours. Once you have decided to proceed, the next step is to submit your mortgage application.
On average, it takes about three weeks to receive a formal offer from the mortgage lender.
A telephone call where we can take some initial details and find out about your plan of action.
Enjoy finding a property in Nottingham!
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.
