If you are currently looking for expert Buy to Let mortgage advice in Hull, our fast & friendly Mortgage Advisors in Hull are here to get the job done. You could be looking at becoming a first-time landlord or maybe you’ve done this dance before; either way we are a very knowledgeable team and would love to help you with your Buy to Let in Hull.
As a reputable and experienced Mortgage Broker in Hull that works alongside our customers, we have helped a varied amount of different investors in helping them to secure fantastic buy to let mortgage deals. Our dedicated team will be able to take a look through thousands of mortgage products, so that they can find the best one for your situation.
The Financial Conduct Authority does not regulate some types of buy to let or commercial mortgages.
If instead you are looking at your options to purchase your new Buy to Let in Hull by way of a limited company (a Special Purpose Vehicle / SPV), this is something that our mortgage advisors in Hull have a great amount of knowledge on, and our mortgage advisors in Hull will be more than happy to take a look at your mortgage options with you.
Perhaps you are looking to compare the taxation benefits? If so, then it is recommended that you get in touch with an experienced tax advisor as they will be able to appropriately advise you on what to do.
Over our many years of working as a dedicated mortgage broker in Hull, we have had the privilege of helping lots of different landlords to secure mortgages for their investment properties.
Though our services are typically used for helping with a standard residential Buy to Let in Hull, we are actually able to provide help with HMOs (House of Multiple Occupancy) and even holiday lets as well, so if you are in need of help with a mortgage situation like that, please feel free to get in touch for your free mortgage appointment.
No matter if you are in the market to take out a mortgage on a standard residential Buy to Let in Hull, a Holiday Let, or a HMO, we have an experienced team of Mortgage Advisors in Hull who are more than happy to run through your situation and help you to find the best mortgage deal.
The typical deposit for a buy to let mortgage in Hull is generally around 25% of the property’s value. However, it’s important to note that specific deposit requirements may vary. For precise details, it’s reccomended to speak with a mortgage advisor in Hull who can provide accurate information tailored to your situation.
Yes, it is possible to acquire a property through a limited company in Hull for buy to let purposes. Many landlords opt for this approach due to potential tax advantages and liability considerations. To understand the specifics of setting up a limited company for this purpose, it’s recommended to seek guidance from a legal advisor.
The amount you can borrow for a buy to let mortgage in Hull depends on various factors, including your income, credit history, the property’s value, and the specific criteria of the lender. Mortgage lenders typically evaluate your rental income potential as well. To determine your borrowing capacity accurately, it’s advisable to consult with a mortgage advisor in Hull who can assess your unique circumstances and provide tailored guidance.
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Katie
I cannot recommend Matt and his colleague, Jo enough for their work and expertise in handling my mortgage. They listen to your requirements and genuinely want to help. The service i received was excellent, efficient and professional all the way...
2 days ago
Charlotte
Absolutely amazing, could not recommend them highly enough! Leo and Kerry are a credit to UK Moneyman and have been nothing but kind and helpful. Will be using again and recommend them to everyone I meet!
4 days ago
Oladipo
Great team. Charlie also did an amazing job in making sure the process was smooth.
1 week ago
Anonymous
Very good company, they assisted all the way from inception to completion of my new home.
2 weeks ago
Matthew
Have used Moneyman previously and was happy with the service, same again this time very happy with the service again.
2 weeks ago
Molly
Amazing service from start to finish - 100% recommend!
2 weeks ago
Gemma
Jo was super efficient and friendly. We got our mortgage locked in within a week of applying. Excellent service, couldn’t recommend the team at Hull Moneyman enough, worth every penny!
3 weeks ago
Mark
Bank was a pain but they did battle and won
1 month ago
Patrycja
Helpufull and responsive
1 month ago
Chris
Very helpful and honest throughout the whole process. open and prompt communication at all times. would highly recommend
1 month ago
Jake
Fantastic service very quick and efficient, information provided explaining all services clearly, excellent pricing and most of all helped us get on the property ladder !
1 month ago
Michael
Great service very helpful and very good at what they do.
2 months ago
Anonymous
Very helpful throughout and helped us get an improved deal as rates fluctuated.
2 months ago
Hannah
I have used hullmoneyman when I first bought my house and now to remortgage. Daniel has been amazing, always kept me informed and made things nice and easy. Thank you Daniel and the team.
3 months ago
Anonymous
This is the second time we have used Hullmoneyman, again their advice and service has been excellent. The advice is honest and reliable and considered our needs against the current market. I would definitely recommend in the future.
3 months ago
Ryan
My partner and I are extremely happy with our decision to use Hullmoneyman as our mortgage advisor. As FTB's we had a million questions which were always answered without any chasing. From our first meeting to the last Charlie was spot on and...
3 months ago
Samuel
For us who had a difficult situation, it was the best thing we could have done! Opened so many doors and allowed us to gain a mortgage at a great rate! Charlie was amazing and can’t recommend this company enough! Will be using again. Thank you
3 months ago
Cristina
2nd time using Hull Moneyman mortgage brokers, this time for our remortgage. Always responsive, happy to help and keep us up to date with progress. 5*
3 months ago
Samantha
This is our second time using Hullmoneyman, and again the service has been excellent. There is a good balance of updates, without feeling like you are being hounded. The advice we have been given has been honest and reliable given the current...
3 months ago
Samantha
I cannot rate the UK Moneyman team high enough. Both my husband and I are self-employed which is somewhat less straightforward than it would be if we were in employment. However, Malcolm and his team guided us through all of the stages, from...
3 months ago
A buy to let mortgage advisor in Hull can help you determine your realistic investment goals based on your financial situation and market conditions.
We can also explain the differences between interest-only and repayment mortgages, and help you decide which type of mortgage is best suited to your investment strategy, if you don't know so already.
This application will include all required documents, such as proof of income and identification. The lender will then assess your projected rental income to ensure you can afford monthly payments and any additional costs, such as maintenance and repairs.
After obtaining your buy to let mortgage and purchasing your rental property, it is important to maintain relevant insurance coverage to protect your investment.
Our quick & responsive mortgage advice team at Hullmoneyman are familiar in working within Buy to Let market and are very knowledgeable in how it all works. We tend to work closely with Buy to Let landlords, often helping the same ones on a regular basis if they need to arrange a mortgage or remortgage on a property in their portfolio, reducing their stress levels.
We always make sure that we are up to date with the latest legislation and lending criteria in the Buy to Let mortgage market, which means we can always keep our customers well informed and are given professional & accurate mortgage advice in Hull.
To learn more about the service we provide for landlords and the relationships we build that lead to them coming back for more buy to let mortgage advice in Hull, take a look at our amazing reviews, left by genuine Buy to Let customers of whom we were thrilled to be able to help.
Our team of mortgage administrators and mortgage advisors in Hull will make sure you are given support from the first point you get in touch, all the way through until completion. We aim to ensure our customers are given a clear and simple mortgage service.
As a company of experienced Buy to Let Mortgage Advisors in Hull, we will always be on hand to guide you through your entire mortgage journey. Our team are available from early until late, every day of the week. It’s our aim to get our customers through all of their mortgage hurdles.
More than anything, we find ourselves coming across standard residential Buy to Let mortgages the most. This type of mortgage is more or less what it says it is. A residential Buy to Let allows you to take out a mortgage on a residential property purchase, that you have the intention of renting out as opposed to living in.
We find that 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’ll only be paying the interest per month.
Generally speaking, landlords will pay the monthly amount through the rental fees they’ve collected each month. You will still need to pay off the capital in full once the term reaches its end.
A house in multiple occupancy is the name that is given to residential properties that have more than two tenants and have shared areas for the tenants to use. This is commonly seen with student housing.
Depending on the size of your HMO is, you may have the legal obligation to obtain a license from your local council. We would absolutely recommend that you speak to the local authority ahead of time so you know how it all works on the legal front.
Because HMOs are a very specialist type of Buy to Let in Hull, you’ll find that there aren’t a lot of mortgage lenders out there who will offer mortgage products on them. Fortunately for our customers, we do have some mortgage lenders on panel who are quite 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, though it is important to remember the other costs that are involved with these types of investment, such as license fees from the local authority and the general maintenance of your property, especially if it is let out to students.
We are finding that more and more landlords are taking a look 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 large property portfolios.
As a standard rule of thumb, it’s probably safe to assume that you will pay a larger interest rate when you take out a mortgage with your Ltd. Company and you will be limited in the range of lenders that you’ll be able to go to.
On the flip side to that, the costs of this can be massively outweighed by the potential savings on tax. We would definitely recommend that you have a good, serious chat with an experienced tax advisor to make sure that taking this path is right for you.
Holiday Let mortgages are a type of mortgage that is used for those who are looking to purchase a property that will have various different regular short term tenancies over it’s time.
A holiday let is another one that is classed as a specialist type of investment, so again you’ll find that there aren’t a lot of options out there for you with this. Putting a more positive spin this though, our expert mortgage advisors in Hull are incredibly knowledgeable when it comes to Holiday Let lending criteria and will be able to look at the options you could take.
Here we have had a good look at the most common Buy to Let investment situations that we have come across throughout our time as a mortgage broker in Hull.
If your situation is not mentioned above, then please feel free to contact us. Using our in-depth experience, it’s not often that we haven’t come across at least a variance of a mortgage situation before. We look forward to lending our knowledge to your mortgage process.
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