Buy to let mortgages

Mortgage options for landlords

If you are considering becoming a Landlord, then there is a lot to think about. Recent industry changes to stamp duty, tax allowances and mortgage criteria have made it more difficult for the 1st time Landlord, yet few would deny there is still real opportunity for sound investments or capital growth in the medium to long term.

If you already have a portfolio of BTL property and want to either refinance or look at further property investments then we can guide on the best products to suit your requirements and give sound advice along the way.

Buy to let purchase

Becoming a landlord is not as daunting as it may once have seemed, in fact many owners become default landlords when they rent their existing home out and purchase a new onward property.

However others make plans to invest in property, effectively creating their own property business and build up a portfolio which provides an income and/or capital lump sums come retirement.

Whatever your needs if you want to become a first time landlord, add to or re-organise your BTL portfolio finances,  we have the skills, contacts and knowledge to make it happen.

 

House of Multiple Occupancy (HMO)

Buy to Lets on HMO or (Houses of Multiple Occupation) property, is a more specialist area of Landlord lending. Typically these properties, have multiple persons such as students or professionals residing in them. Often, properties range from a 4 or 5 bedroom home to a larger block of 20+  self contained units.

Interestingly, there are more lenders entering this type of market, so choice is becoming larger, but so are the complexities and criteria of lenders.

We help to navigate through the process, advising on the best lenders for your individual circumstances.

 

Holiday Buy-to-Let

Some landlords are expanding their portfolios by turning to property that they themselves can also benefit from.

Holiday Lets are a natural fit, with property in picturesque, desirable parts of the UK that provide decent rental returns in peak season, but that can offer personal use at other times.

Some Landlords see good year round rental returns from the Air B&B / TripAdvisor style city-break lets, these can still come under the Holiday let lending, and provide some personal use.

We have the industry knowledge and experience to place your Holiday Let property with a select number of lenders on these various scenarios.

 

Your Buy to Let property may be repossessed if you do not keep up repayments on your mortgage

 

CHARGES AND FEES

As with all other financial professionals such as accountants or solicitors, we charge a fee for our professional advice and service.

We understand everyone’s circumstances are different and our fee will be dependent on a clients requirements. Ultimately, we aim to get you the best deal possible. We provide a ‘no offer’ ‘no fee’ guarantee if we cannot get your mortgage approved, there is no broker fee. We reserve the right to charge up to 1% of loan amount dependent on the complexity of the case and subject to typical minimum (£1190) as outlined in our terms of business download here.   

Case Study

Mr V C ( London )  A solicitor living in London but originally from Scotland. He owns and lives in his residential with a mortgage of £500,000 on a value of £1.2M.  No other properties owned.

As Mr has strong family and business ties to Scotland, he wanted to step into property investment and become a 1st time Landlord. However he wanted to purchase in Scotland, and had identified a luxury 2 bed flat for £400K in Edinburgh City. Ideally he wanted to rent this property out on an AirB&B style basis but have occasional use of it when he would visit the city.

After speaking with us, a lender was sourced that would permit a Holiday Let mortgage with personal use, lending was based on the rental yield of the property alongside personal income affordability. Mr VC remortgaged his principle residential with a cap raise of £100,000  this along with £100,000 in savings would secure the new purchase with a 50% LTV of £200,000 on a value of £400,000.

Mr VC  was pleased to complete on the purchase the following month and 2 months later,  has had 12 weeks bookings through the year already secured on the flat, which more than covers his £200,000 annual mortgage  payments on the property

Call us

You can call us 7 days a week
for mortgage advice and information

0044 (0) 7456 727 626

Simon has been exceptional in helping us through the whole mortgage process for our cottage in Wales. From choosing the right lender to navigating through all the challenges homebuyers are facing in these difficult times, his support and advice has been prompt, unwavering and extremely useful. I am positive this house purchase would not have been positive without his help. Recommended highly! Samreen Uppal
Ajay J.
Ajay J.
13:06 17 Dec 20
Absolutely superb service - Simon arranged a very competitive product for us and has been highly professional and proactive throughout the process. Highly recommended if you are resident overseas and want to arrange finance for a UK purchase 👍🏻👍🏻👍🏻👍🏻👍🏻
Andrew M.
Andrew M.
03:46 16 Dec 20
Simon was great to deal with, responsive and helpful throughout the process and secured an expat remortgage at a much better rate, all from overseas. Thanks.
Iain D.
Iain D.
23:19 15 Dec 20
Simon delivered us an expat buy-to-let in the NE UK at a fixed low rate for 2.5 yrs, then we can change it to move home. Very straight forward, highly professional and, tbh, well worth the fee.If you want it to happen, just message him, as we did. He recommeded a law firm that we used too - did the job and were very competitive. Thanks.
jon H.
jon H.
23:53 26 Nov 20
I work overseas and have been trying for close to five years to get a mortgage to move my family who are back in the UK into without success, due to my overseas income until I chanced on Simon online. In spite of the challenges with Covid and my busy schedule Simon was very helpful and held my hands throughout the mortgage process to completion. I got a super A plus UK prime mortgage. This is the best financial service support I have received in my entire life. It was an amazing experience.
Joseph I.
Joseph I.
08:32 18 Nov 20
Just secured our BTL expat mortgage through Simon. What was a dream earlier in the year is now a reality and hopefully we complete on our UK BTL property next week! We would not hesitate to recommend Simons professional services. No nasty surprises and complete transparency throughout the whole process. Thank you Simon
Karen R.
Karen R.
07:08 18 Nov 20
My experience with Simon at mortgagedeal was excellent. My husband and I are expats living in Nigeria. We wanted to buy a residential property in the Uk. No mortgage broker wanted to deal with a Nigerian resident earning an income in naira even though we had other property in UK with an excellent credit and had lived in the UK most of our lives before moving. We found a property we liked and had gone far when the lender told us they could not accept an income denominated in naira. We had nearly given up but I thought I would give it a last try. I found Simon on the internet and was a bit sceptical because of our experience. Simon assured us that he could get us a mortgage or he would give us back our money. We got a rate of 1.64% fixed for 5 years. We have our mortgage offer and are will exchange later this week. The whole thing has been nothing short of a miracle
Folasayo O.
Folasayo O.
17:35 17 Nov 20
The service Simon provided in securing our expat mortgage was second to none. He kept us informed every single step of the way and provided a quick and clear response to all of our queries. From mortgage application to moving in took just 8 weeks, which is pretty impressive during a global pandemic. From beginning until end Simon and his team took care of everything and I highly recommend his services.
Tam B.
Tam B.
17:15 17 Nov 20
From initial contact to completion day, buying a property with Simon's help was so easy. He was very knowledgeable, up front and realistic, and extremely helpful, answering questions promptly. He always made us feel like we were in capable hands and could trust him to act in our best interest. Even the challenges Covid-19 presented didn't phase him.
Angela C.
Angela C.
21:17 23 Sep 20
Simon was very efficient and personal, he made the whole process seamless and stress free! Definitely recommend any expats use Simon in the future.
vaughan P.
vaughan P.
16:52 21 Jul 20
Hi. Great service reported by many, but has anyone ever had a pay out from them? That’s when you know how good they truly are, be good to understand. All companies are good taking money off you. VANESSA guarantees timely payout and that's what gives her the edge over others.
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Email: Vholt99@yahoo.com
WhatsApp on: +1 502 373 1356
Dawn Horner K.
Dawn Horner K.
06:49 30 May 20
5 stars is not enough to rate the way in which Simon listens to your requirements and truly engages to find the best solution.My case was not without challenges: a UK expat with a divorce settlement to pay ; a London flat with a lease <85 years and an unhelpful co-freeholder.With patience and perseverance, Simon found a lender and a mortgage deal with very good terms. Always realistic and pragmatic, he made sure that my application successfully completed – even during the restrictions imposed by COVID 19 pandemic!
Nicolas R.
Nicolas R.
11:59 11 May 20
Simon dealt with my mortgage application in an efficient and friendly manner. I did not believe it was possible to get a residential mortgage in the UK whilst living abroad, Simon found the necessary options and took the stress of applying away. He kept me in touch with each stage of the process, and today I received the good news that my mortgage has been approved. I would certainly go through Simon again, if I needed a new mortgage.
Karen S.
Karen S.
16:06 21 Feb 20
Very helpful, proactive and attentive. Recommend
Tina E.
Tina E.
14:15 19 Feb 20
Simon took time to explain and guide me through the process of remortgaging. The whole thing was quick,efficient and stress free.
Alison H.
Alison H.
13:58 11 Feb 20
Fantastic hassle free mortgage provider , I wouldn’t recommend anyone else , first class from the first contact to the completion of our mortgage .
Kevin P.
Kevin P.
21:08 08 Feb 20
Simon provided a first class service and saved me a significant amount on my mortgage deal.I had a change in personal circumstances while the mortgage application was being processed. Simon dealt with this patiently and promptly.Communication throughout was excellent, I always knew what was happening.Can’t recommend him highly enough
Mark K.
Mark K.
11:09 08 Feb 20
richard T.
richard T.
19:37 07 Feb 20
Chris K.
Chris K.
16:51 07 Feb 20
Can not say enough good things about working with Simon, was a real pleasure will definitely use him again.
Wesley O.
Wesley O.
16:12 07 Feb 20
I can personally vouch for Simon, having worked with him we found him to be incredibly resourceful, he really cares about providing you with the best services available, he's extremely knowledgeable, makes everything seem easy, explains and communicates very well... generally great person to work with...
Catherine K.
Catherine K.
15:19 07 Feb 20
Excellent service, secured me an ex pat BTL mortgage very quickly, explained process from start to finish and was always available. Will use again and highly recommend.
Robert V.
Robert V.
15:14 07 Feb 20