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It's Free to Speak to an Advisor, 7 days, 8am - 10pm
If you are looking at becoming a landlord or already have experience being one, our knowledgeable mortgage advisors in York are here to help. We have a lot of experience in dealing with customers seeking a buy to let in York.
Through our experience as a mortgage broker in York, we have dealt with a range of investors who have secured suitable buy to let mortgage deals with the help of our hard working team. At Yorkmoneyman, our dedicated team will search through 1000s of deals so we can find you the most suitable deal in your circumstances.
In the case where you are looking to purchase your new buy to let in York through a limited company which is known as Special Purpose Vehicle, our hard working team of mortgage advisors in York have rich knowledge on this as well and are more than happy to assist in exploring your mortgage options.
If you are looking into the taxation benefits, then an experienced tax advisor could help with this so you will need to contact them in order for you to get the most suitable advice on this.
Although we usually help with a standard residential buy to let in York, we also can provide support with HMOs (House of Multiple Occupancy) as well as holiday lets. Therefore, do not hesitate to get in touch for your free mortgage appointment if you are looking into any of these.
The Financial Conduct Authority does not regulate some types of buy to let or commercial mortgages.
While our services are commonly used for assistance with standard residential buy to let properties in York, we are well-equipped to offer guidance on HMOs (House of Multiple Occupancy) and holiday lets as well. If you require assistance with a mortgage situation like this, please don’t hesitate to reach out for your free mortgage appointment.
Whether you’re seeking a mortgage for a standard residential buy to let in York, a Holiday Let, or an HMO, our team of experienced mortgage advisors in York is ready to assess your situation and help you secure the best mortgage deal.
The deposit needed for a buy to let mortgage can vary. It could be anywhere between 20-40%. The typical amount that a lender will ask for is 25% of the property value.
Certainly, purchasing a property through a limited company in York for buy to let purposes is possible. Many landlords choose this method for potential tax benefits and liability considerations. For detailed insights into setting up a limited company for this purpose, it’s advisable to consult with a legal advisor.
The potential amount you can borrow for a buy to let mortgage in York is influenced by factors such as your income, credit history, property value, and the lender’s specific criteria. Lenders also often consider the rental income potential. For a precise understanding of your borrowing capacity, it’s recommended to seek guidance from a buy to let mortgage advisor in York. They can assess your individual circumstances and offer personalised advice.
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4.95 Rating194 Reviews
Simon
Excellent service
2 days ago
Anonymous
Excellent service. Would highly recommend.
3 days ago
Jason
Very good service always there to help you
2 months ago
Jason
Very good service always there to help .
2 months ago
Jeff
Chris and the team have been fantastic throughout our application, very friendly and always available to contact no matter how big or small the issues were and fantastic guidance for us first time buyers! We would highly recommend using their...
2 months ago
Anonymous
Great service, always helpful
4 months ago
Nathan
Friendly and relatable staff. Kept us in the loop and well informed throughout the process and made it all very hassle free for us.
5 months ago
Anonymous
Everything was well explained.
5 months ago
Anonymous
Very friendly team
5 months ago
Ben
Very professional and made the whole process easy. We especially appreciated the flexibility on appointment times
5 months ago
Daniela
Incredible service, the team were amazing. We are first time buyers and every question we had they were able to hold our hand and explain things clearly. Phenomenal work. Got our mortgage offer accepted within 3 days and updated every step of the...
5 months ago
Matt
Highly recommend Yorkmoneyman. Every step of the way Wayne and Jo have been extremely helpful and friendly. Wayne got us a great deal on our mortgage and he and Jo ensured we understood every detail. When we needed to switch properties, they handled...
7 months ago
Katie
Excellent service. I was provided with support and advice from Leo. I began my journey in March 2023 when I initially started looking. I the did not find a property until March 2024 where I got back in contact with York money man and Leo and...
7 months ago
Dennis
I found york money man online and wasn’t disappointed. Wayne helped us get everything order and was highly efficient. The process was seamless and I would highly recommend.
8 months ago
Emma
Brilliant and detailed helped with everything effectively and efficiently. Thank you
8 months ago
Mr Henry
Absolutely fantastic service , as first time buyers the team at Yorkmoneyman made the process of applying for our mortgage unbelievably easy and stress free . We cannot recommend them enough!
8 months ago
David
Great service, really helpful in understanding our individual circumstances and getting the best deal for us. Communication was top class right throughout the process, would highly recommend.
8 months ago
Mitchell
5 stars. They have been very helpful. Made the initial process of looking for and buying a house simple. Explained all the processes in an easy to understand way. Being able to suggest solicitors and surveyors took away a massive amount of the...
9 months ago
Anonymous
Couldn’t have asked for more from Tom and Jo. Super patient and helpful throughout!
9 months ago
Joseph
Our advisor Leo was incredibly helpful throughout our process. Explained everything clearly and answered any questions we had. I would definitely recommend Moneyman for anyone looking to buy a house.
9 months ago
A mortgage advisor specialising in buy to let properties in York can assist you in defining achievable investment objectives by considering your financial status and prevailing market conditions.
We can also clarify the distinctions between interest-only and repayment mortgages, aiding you in determining which mortgage type aligns best with your investment strategy, in case you're not already familiar.
This application will encompass all necessary documents, including proof of income and identification. The lender will subsequently evaluate your anticipated rental income to verify your ability to cover monthly payments and any extra expenses, such as maintenance and repairs.
Once you secure your buy to let mortgage and acquire your rental property, it's crucial to uphold appropriate insurance coverage to safeguard your investment.
The potential amount you can borrow for a buy to let mortgage in York is influenced by factors such as your income, credit history, property value, and the lender's specific criteria. Lenders also often consider the rental income potential.
For a precise understanding of your borrowing capacity, it's recommended to seek guidance from a mortgage advisor in York. They can assess your individual circumstances and offer personalised advice.
As your buy to let mortgage advisors in York, we are here to provide you with the support and knowledge you need to get through your entire mortgage process we are here seven days a week till late. Buy to let mortgages are not always easy which is we work hard in overcoming any obstacles that you may face.
We have a strong awareness in the latest buy to let legislation and lending criteria in order to provide any information to clients that is up to date so the customer is constantly updated with current and accurate mortgage advice in York.
From your initial call all way through to the completion of the mortgage process, our team will be by your side every step of the way. When it comes to the mortgage process, we always provide a service that makes the process clear and simple throughout your experience with our mortgage advice team.
Look at our amazing customers reviews talking about their experience with us and see why so many people go to us when it comes to looking for a buy to let in York.
In the case where there are multiple tenants in a residential property and have common areas that are shared is called a House of Multiple Occupancy, also known as HMOs. Student housing is an example of this.
You might need to obtain a license from your local council depending on how big your HMO is. In order to be aware of the legalities, we recommend getting in contact to the local authority.
You may find that not all lenders out there offer products fit for HMOs because it is classed as a specialist buy to let investment. The good news is that we have access to some lenders who can offer mortgages that are fit for customers wanting to purchase a HMO.
Usually, HMOs bring in a lot of return on investment compared to a regular buy to let in York, however, you have to regard maintenance costs on the property as well as license fees from the local authority.
Over time, we have seen an increase in landlords going through a limited company SPV (Special Purpose Vehicle) when looking at option to purchase their investment properties. Particularly, when it comes to buy to let landlords with extensive property portfolios.
When it comes to taking out a mortgage in the name of Ltd. Company you will pay a higher interest rate. Another drawback is that you won’t have a lot of options in regards to the number of lenders that offer mortgages for these.
On the other hand, this can be massively outweighed by the potential tax savings. To see if this is the right path for you, we would advise getting in contact with an experienced tax advisor.
If you are looking to purchase a property that you want to let out on a short-term basis over time, Holiday Lets might be the best option for you.
Due to holiday lets being known as a specialist type of investment, not all lenders will not cover this in their criteria which means they may not products for you to choose from.
Despite this, we have a dedicated team of mortgage advisors in York that have a lot of knowledge in lending criteria in terms of a holiday let and can help explore your options.
The scenarios we have mentioned above are ones we have encountered on a regular basis when providing mortgage advice in York.
Therefore, please still contact us even if your situation doesn’t apply to the ones above. Our experience has provided us with the opportunity to deal with a range of situations so you may find that your situation is probably one we have dealt with before.
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Yorkmoneyman.com & Yorkmoneyman 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 www.register.fca.org.uk
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Yorkmoneyman.com & Yorkmoneyman 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 www.register.fca.org.uk
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