Are you looking for a Buy to Let Mortgage Specialist in Darlington? Look no further, Doris & Vi is your local Buy to Let Mortgage Specialist in Darlington. Whether you are looking for a remortgage, or Auction finance to purchase that little gem, Doris & Vi can assist you. It is really important that landlords who are looking to purchase or remortgage buy to let properties seek advice from a qualified Mortgage & Protection Adviser. Not only can Doris & Vi’s team secure you great deals in the short-term but our extensive experience structuring property portfolios can also add a great deal of long-term value. To ensure your properties are fully protected, we can also advise you on which type of insurance you will need.
First Time Landlords
If you are a first-time landlord looking to purchase a buy to let property, then our whole of market Mortgage Advisers will ensure you secure the most cost-effective deal. Not all lenders offer buy to let mortgages to first-time landlords because they have no previous experience in this field. Our experienced team can provide you with invaluable guidance on the best lenders and products available to you, in addition to guiding you through the application process and stamp duty costs.
As you may already be aware, applying for a buy to let mortgage is not as straightforward as a standard residential mortgage. Lenders need to ensure that the property will provide good rental coverage and the location will be attractive to potential tenants. Other factors can also reduce the number of lenders available to you. For example, if you have had some historic adverse, the property is ex-local authority or you do not have an existing mortgage on a residential property. Don’t worry though, there are still plenty of opportunities for you to secure funds – if you know where to look.
Doris & Vi’s qualified Mortgage and Protection Advisers will search every lender across the mortgage market for you and advise you on the best product to suit your needs. To ensure your property is fully protected, we can also advise you on which type of insurance you will need.
We can help experienced landlords who are looking to grow a portfolio of properties, remortgage an existing buy to let or purchase a new property. Our experienced team of Mortgage Advisers can access every lender in the marketplace to ensure you receive the best deal and will also provide guidance on additional costs, such as landlord insurance and stamp duty etc.
Building a portfolio of properties can often be a natural progression for landlords who own one or two properties as it allows them to use the overall income from the portfolio to cover any major repairs or refurbishments on a property. Following the recent changes to buy to let mortgage underwriting, lenders now define portfolio landlords as those with four or more mortgaged buy-to-let properties and assess applications using a specialist underwriting process.
Arranging buy to let mortgages across a portfolio of properties can be complex. Usually, each property will require its own mortgage and lenders tend to apply stricter affordability and criteria restrictions on portfolios. This is why it is important that you seek advice from experienced whole of market Mortgage Advisers, who can search through the mortgage maze to secure you a competitive deal.
Houses of Multiple Occupancy
Regardless of whether you’re looking to purchase your first HMO, remortgage multiple properties or release equity in one or more properties – our expert team will guide you through the process.
Every lender defines HMOs differently and their requirements vary greatly; so it is crucial that you seek advice from a qualified Adviser who has a sound knowledge of the marketplace and individual lenders’ criteria. Our Mortgage Advisers have extensive experience structuring all types of deals, from houses converted to individual flats with shared facilities to purpose built student accommodation.
In addition to this, as we are whole of market we can access every lender in the marketplace, including exclusive products, to ensure you get the best deal.