Buy to Let Mortgage Advice in York

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Expert Mortgage Advice for Buy to Let in York

 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.

Buy to Let in York via Limited Company

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.

We search 1000s of mortgage deals across a large number of lenders, including:

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Buy to Let in York – Popular Situations

Through our background as a Mortgage Broker in York, we have provided the information and support they need to secure mortgages for the properties they are investing in.


Our team of Mortgage Advisors in York are more than happy to start your buy to let in York if it be a HMO, holiday let or a residential buy to let in York. We are more than happy to look into your circumstances to find you the most appropriate deal.


Below are some buy to let mortgage scenarios we have come across before:



As a Mortgage Broker in York, we find that the most reoccurring buy to let options we deal with is a standard residential buy to let in York. This type of mortgage is gives you the chance to take out a mortgage on a residential property purchase that you are wanting to rent out instead of living in.



It’s common for borrowers of a buy to let in York to take out their mortgage as interest only. This is because it will help to keep their monthly payments low as they are only paying interest each month. Usually, you will have rental fees that will pay the monthly amount. At the end of the terms, the capital will need to be paid off in full.


House of Multiple Occupancy (HMOs)

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.

Buy to Let in York through a Limited Company

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.

Holiday Lets York

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.

Why Choose Us For Your Buy to Let in York?

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.


Our team at are experts in the buy to let market and have extensive knowledge of what is happening in the buy to let market. Through our years providing Buy to Let Mortgage Advice in York, we have had experience in dealing with buy to let landlords as well as building relationships with those who on a regular basis need to arrange a mortgage or remortgage.


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.

We’re By Your Side, Throughout Your Buy to Let 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.

Reviews Stars4.96 Rating169 Reviews

Common mortgage

As your Mortgage Broker in York, we will start with a Fact Find. During this stage of the process, we will get a better view of your personal and financial situation which will help us when selecting a mortgage deal.

You will then have a credit check performed on you, this step is essential in order to obtain an Agreement in Principle. Once you’ve handed us all of the relevent documentation and a valutation of the property has been completed, a formal mortgage offer can be offered.

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.

Your initial mortgage consultation will take around 30 mins, afterwards, we will try and arrange an Agreement in Principle for you within 24-hours of your consultation. The final step is submitting your application and waiting for a formal mortgage – this can take about three weeks.

As a Mortgage Broker in York, we always recommend trying to have an Agreement in Principle in place prior to viewing properties. An Agreement in Principle could put you in a position that would let you negotiate prices.

Your free initial mortgage consultation will approximately last 30 mins. During the consultation, we will ask you some questions and get a bigger picture of your personal and financial mortgage situation.

After the consultation, your dedicated Mortgage Advisor in York will begin searching for mortgage products, trying to secure you one that’s more competitive than your current rate. Once we find a product for you, it’s up to you whether you want to take the offer or not. If so, we can get the ball rolling and start the mortgage application submission process.

Yes, you can obtain a second mortgage in some cases. Whether it’s for home improvements, debt consolidation, for a Buy to Let or a holiday home, you should know that our Mortgage Advisors in York can help you with this.

You may find it slighter harder to get accepted for a mortgage with previous credit problems, however, it’s not impossible! The difference is that you may be asked to put down a higher deposit than usual, perhaps 10-15% of the property purchase price.

If you manage to submit at least one year’s accounts, you are able to get a mortgage. As a Mortgage Broker in York, we see that a lot of lenders use your salary plus dividend to work out the maximum mortgage amount that you would be able to borrow. We’ve also seen some lenders go off your net profit.

Here are all of the documents that you’ll need to support your mortgage application in York

  • Photographic 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.

Once you obtain an Agreement in Principle, it should last around 30-90 days. This will depend on the lender that you’ve used.

If your Agreement in Principle expires, you can easily renew it by contacting your Mortgage Broker in York or your lender.

We make it so easy!
Our 4 step process

Step 1

A telephone call where we can take some initial details and find out about your plan of action.

Step 2

Enjoy finding a property in York!

Step 3

Make an offer on the property you set your heart on – we’ll finalise your figures and help you to get a good deal.

Step 4

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.

Handy quick links & 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

The information contained within the website is subject to the UK regulatory regime and is therefore primarily targeted at customers in the UK.
Should you have cause to complain and you are not satisfied with our response to your complaint, you may be able to refer it
to the Financial Ombudsman Service, which can be contacted as follows

The Financial Ombudsman Service, Exchange Tower, London, E14 9SR

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Yorkmoneyman, York Hub, Popeshead Court Offices, Peter Lane, York, YO1 8SU.

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