Buy-to-Let Mortgage Broker Manchester
Thinking about a buy-to-let investment in Manchester? Our specialist brokers can guide you through the process, helping you secure the best mortgage deals from across the market. We ensure you get competitive rates and expert advice.
Speak to an advisor today!
Fee free mortgage advice means a whole lot more for a whole lot less
Contact our Mortgage Adviser for completely fee-free buy-to-let mortgage advice. We will help you from the initial consultation to your mortgage completion, Completely Fee-free! 100% no hidden costs, We are just a phone call away.
For the right deals on buy-to-let mortgages in Manchester, call and speak to our adviser. What represents the right buy-to-let mortgages for you will depend upon your circumstances. Search Mortgage Solutions offers buy-to-let mortgage advice for first-time buyers and accidental landlords right through to professional portfolio buy-to-let landlords. Whether you are a first-time landlord or an experienced property investor wanting a buy-to-let purchase, buy-to-let remortgage or let-to-buy mortgage.
100% Fee free
Getting a buy-to-let mortgage in Manchester
Buying a buy to let property can be a stressful time and you may need to move fast, this is where we can help. Search Mortgage Solutions are available 7 days a week for no fee buy to let Manchester-based mortgage advice. There are many buy-to-let lenders offering choices of buy-to-let mortgages for this purpose, but not all will suit every investor. Search Mortgage Solutions, the buy-to-let mortgage broker will research the whole market to ensure a suitable product is recommended to suit your circumstances.
Contact us today. 8am – 10pm
7 days a week
0161 710 2587
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There is an important difference between a buy-to-let mortgage and a standard home loan. Most lenders will consider the property’s potential rental income in addition to your salary when assessing your application. At Search Mortgage Solutions, because of our location in the Manchester city centre and being surrounded by literally thousands of apartments, we are continuously very active in the buy-to-let Manchester sector. This has become something of speciality to us, and as a consequence, we know the most suitable options for linking an investor to a lender.
If you are considering turning your current home into a buy-to-let investment and moving on to a new house, then our Manchester-based mortgage adviser can help. This type of transaction is known as a Let-to-buy mortgage, and we at Search Mortgage Solutions can help you arrange your new mortgage for your new future purchase and the let-to-buy mortgage for your current home. You can remortgage your current property onto a buy-to-let and, at the same time, raise money for a deposit for a new bigger home. The first thing you need to start the ball rolling is a good chat with our mortgage adviser. We charge no fee for giving you the most suitable advice to suit your circumstances.
Protection insurance is strongly recommended for your peace of mind. Please refer to our separate web page, ‘Mortgage Protection Insurance,’ which gives details of how we can help.
The Financial Conduct Authority does not regulate buy-to-let mortgages
What represents the right buy to let mortgage for you will depend upon your personal circumstances. Search Mortgage Solutions offer advice on buy to let mortgages for the accidental landlord right through to the professional, portfolio, buy to let landlord.
There are very many alternative choices of mortgages for this purpose but not all will be suitable for every investor. There has to be careful and comprehensive consideration given to the circumstances of the applicant, the specific property, and the willing lenders.
5 Tips To Help You Remortgage
- Check how much you can borrow based on the rental yield.
- Have a deposit. Usually a minimum of 20-25% is needed , but the bigger the deposit you have , can get you a lower interest rate. You will need extra monies for solicitor fees and other associated costs i.e. Solicitors and stamp duty where applicable.
- Check the details on your credit report are correct.
- Use a whole of market broker to search the right deal to suit your circumstance.
- Find out how much you can borrow – get started with an agreement in principle
Make no mistake, finding the most appropriate mortgage for a buy to let property can be something of a minefield mainly because of the increasingly stringent criteria set down by the lenders who are always unwilling to take unnecessary risks.
At Search Mortgage Solutions, because of our location in the centre of a major city and surrounded by literally thousands of apartments, we are continuously very active in the buy to let sector. This has become something of a speciality to us and, as a consequence, we know the right options when linking an investor to a lender.
The first thing you need to start the ball rolling is a good chat with our mortgage adviser. We charge no fee for giving you the necessary advice.
FAQs
Buy to let mortgages are for purchasers who wish to buy and invest in property so that they can rent it out to a tenant. In most circumstances the tenant must not be a family member or relative.
Buy to let mortgages are used to purchase the property. Once purchased, you can then let out the property. The tenants will then make rental payments which usually cover the mortgage and other related costs.
You can get most types of mortgage for a buy to let property. You will need to decide if you want a fixed, variable, tracker, discount, or capped interest rate.
Most buy to let mortgages are interest only, which means your monthly repayments just cover the interest owed and the amount you borrowed will not reduce. A repayment mortgage will pay off the total amount you borrowed by the end of the term. Repayment mortgages cost more per month so are only suitable if you can achieve enough rent to cover it. The majority of lenders require a deposit of at least 25%. Lenders have different requirements for buy to let mortgages but they will only accept your mortgage application once they have assessed affordability. However there are some who will accept a much lower income if you are classed as an experienced landlord.
Get Started With Your Mortgage Today 100% Fee Free
51 Customer Reviews
Excellent Service
Excellent service from David, he secured my remortgage deal 2 years ago and he is always very helpful. He went above and beyond to get the best deal for me for my current mortgage and is always there to reassure me and offer advice and the best deals to go with.
Nicholas Ward
Call Us On 0161 710 2587
Email Us At enquiry@searchmortgagesolutions.co.uk
Buy Your Dream Home
We offer our services to you at no cost, so why wait? Search Mortgage Solutions Mortgage brokers Manchester are here to help.
News
What happens if a mortgage application gets rejected?
It is not uncommon for lenders to reject mortgage applications. If your application gets denied, you will instinctively want to reapply with another vendor. Before … Read more
Buying property as a limited company
If you are thinking of purchasing a buy-to-let property, do not let the high taxes deter you from doing so. Buying through a limited company … Read more
Will student loans affect me buying a house?
With an increase in university fees, more and more people are being forced to take up student loans. These loans are expensive, and it might … Read more
Mortgage Advice
Simply give us a call or fill out the form
We are here 24/7 providing customers with expert advice and solutions for their next mortgage, whether that’s for a New Home, remortgage or but to let.
Manchester Mortgage Broker Rated 5 stars on Google
Of Mortgage Deals
We have access to the whole of the market of mortgage providers and because we don’t charge a fee, this can mean a savings for you of hundreds of pounds.
Buy Your Dream Home
We offer our services to you at no cost, so why wait? Search Mortgage Solutions Mortgage brokers Manchester are here to help.
News
What happens if a mortgage application gets rejected?
It is not uncommon for lenders to reject mortgage applications. If your application gets denied, you will instinctively want to reapply with another vendor. Before … Read more
Buying property as a limited company
If you are thinking of purchasing a buy-to-let property, do not let the high taxes deter you from doing so. Buying through a limited company … Read more
Will student loans affect me buying a house?
With an increase in university fees, more and more people are being forced to take up student loans. These loans are expensive, and it might … Read more
Mortgage Advice
Simply give us a call or fill out the form
We are here 24/7 providing customers with expert advice and solutions for their next mortgage, whether that’s for a New Home, remortgage or but to let.
Manchester Mortgage Broker Rated 5 stars on Google
Of Mortgage Deals
We have access to the whole of the market of mortgage providers and because we don’t charge a fee, this can mean a savings for you of hundreds of pounds.