Common Buy to Let in Leeds Mortgage Scenarios
After working with many landlords in Leeds, we kept encountering the same scenarios that our customers needed our help with. As part of our free initial mortgage consultation, we can look at a large variety of things. These can include:
Buy to Let Remortgage Options & Deals
Existing landlords of a buy to let in Leeds sometimes find themselves looking to expand their property portfolio further by purchasing additional properties.
To achieve this, buy to let landlords look at remortgaging a property from their portfolio and using that release of equity to cover the deposit of purchasing a property in the future.
If any potential arrears occur, a buy to let landlord in Leeds might take a look to raise capital against another property in a bid to cover the debts instead of selling off a property from.
Limited Company Mortgages / Special Purpose Vehicles (SPVs)
While this process has its pros and cons, some buy to let landlords purchase additional properties for their portfolio through a Limited Company or SPV (Special Purpose Vehicle).
This topic will need to be discussed more with a specialist mortgage advisor in Leeds to see if this is the correct route to go down.
Usually, five or more people occupy a House of Multiple Occupation (HMO for short). Some landlords prefer this option because of the potential higher yields this option is known to offer.
Most lenders will not offer this option, but some might provide different interest rates to what you might find with a regular buy to let in Leeds.
Mortgage Advice for Buy to Let in Leeds
Other options we may assist with include mortgage advice for retired landlords, buy to let in Leeds for first time landlords, and specialist Mortgage Advice in Leeds for those with complex or unique situations in the world of buy to let in Leeds.
If you are looking for expert buy to let Mortgage Advice in Leeds, please feel free to contact us to book your free buy to let mortgage consultation.
Open & Honest Mortgage Broker in Leeds
As your dedicated & trusted buy to let Mortgage Broker in Leeds, our team of mortgage advisors and administrators in Leeds are available seven days a week to help and support you through the entire mortgage process.
We understand that, buy to let mortgages may not always be straightforward. That’s why our team do the there best to help you overcome any hurdles that we face, hopefully.
Here at Leedsmoneyman, your happiness with the service you receive is essential to our entire team. All our hard work shines through our genuine Customer Reviews.
If you need assistance with a buy to let mortgage in Leeds, please contact our mortgage advice team.
Having over 20 years of experience in the mortgage industry, we do what we can to give you the most suitable mortgage deal for your circumstances.
Contact us today to book your free initial buy to let mortgage consultation.