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Buy to Let Mortgage Advice in Newcastle

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Buy to Let Mortgage Newcastle

If you are looking for Buy to Let Mortgage Advice in Newcastle, our Mortgage Advisors can help. Whether you are a first time landlord or have an extensive portfolio of properties, we have the experience.


As a Mortgage Broker in Newcastle, we have helped many investors secure a great buy to let mortgages. Searching through 1000’s of products to find you the most suitable mortgage for your investment requirements.


If you are wanting to look at purchasing your buy to let property through a limited company (Special Purpose Vehicle), our mortgage advisors have a wealth of knowledge in this field too, and will be happy to discuss your mortgage options.


If you are looking to discuss and compare taxation benefits, then you will need to talk this through with a tax advisor as they will be able to advise on this.


As well as standard residential buy to let mortgages in Newcastle, we can also help with HMOs (House of Multiple Occupancy) and holiday lets.

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

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Buy to Let Mortgage Advice in Newcastle

Our experienced mortgage team have helped many landlords in Newcastle secure mortgages for their investment properties. Whether this is a regular residential buy to let, holiday let, or house of multiple occupancy. Our mortgage advisors in Newcastle will be more than happy to run through your options. Below are some popular investment scenarios that we have come across:

Residential Buy to Let Newcastle

The most common buy to let option that we come across is a residential buy to let. This is where you are taking out a mortgage to purchase a residential property with the intention to let it out rather than living in it.


Most buy to let borrowers will take out an interest-only mortgage, this keeps the monthly payments lower as you are only paying the interest on the loan as it accrues each month. Your monthly mortgage payment is usually paid from the proceeds of the rental income. The capital owed (the full amount of the mortgage) will need to be paid at the end of the agreement.

House of Multiple Occupancy (HMOs)

A house in multiple occupancy is a term that refers to a residential property where the common areas of said property are shared by more than one household. Depending on the size of your HMO, you may be required to get a license from your local authority. We would always recommend that you speak to your local authority just to confirm their rules and requirements.


As HMOs are classed as a specialist buy to let investment, and although not all lenders will have products that fit with this criteria, we do work with many that do.


HMOs as an investment usually bring in higher yields than that of a regular buy to let investment. However, there are other costs to consider, such as license fees from the local authority and more frequent maintenance/upkeep.

Buy to Let through a Limited Company

We are seeing more landlords exploring the route of purchasing their investment properties through a limited company SPV (Special Purpose Vehicle). Especially landlords with an extensive portfolio of properties.


Generally, you will pay a higher interest rate when taking out a mortgage in a limited company and will have fewer options when it comes to the number of lenders that offer this product. However, this can be highly outweighed by the potential tax savings. We would always recommend speaking to a tax advisor to determine if this is the right path for you.

Holiday Let’s Newcastle

Holiday let mortgages are designed for people looking to purchase a property that will be let out on a short-term basis. A holiday let is classed as a specialist type of investment, so not all lenders will cover this in their criteria. However, our mortgage advisors in Newcastle have a wealth of knowledge in buy to let lending criteria and will be able to look at your holiday let options.


Above we have covered the most popular buy to let investment scenarios that we come across in Newcastle. If you do not fall into any of these categories then please don’t hesitate to contact us. With our experience, there is rarely a situation that we haven’t come across before. Our team will be more than happy to assist you.

Buy to Let Mortgages Newcastle

As your Buy to Let Mortgage Broker in Newcastle, we will help and support you through the full process and be here seven days a week, anytime you need us. We know that Buy to Let mortgages are not always straightforward and easy, we will help you over any hurdles that you face.


The team at Newcastlemoneyman.com know the buy to let mortgage market inside out.  When it comes to being experienced in the provision of advice regarding buy to let mortgages, we regularly work with landlords to find the best mortgage to suit their situation.


We will always keep up to date with the latest buy to let legislation and lending criteria, ensuring we are offering our clients up to date open and honest mortgage advice.


At the same time, we will be by your side from beginning to end of your buy to let mortgage transaction. It is our mission to make the process as easy and straightforward as possible, from the time that you get in touch with us through to the day of completion.


Check out our feedback at Reviews.co.uk and see why so many people choose us when looking for a buy to let mortgage.


As your mortgage advisor in Newcastle, we are here to help you.  Get in touch with us today and make a date for your free mortgage consultation.

What our customers say

Common mortgage

Though the amount needed can vary between 20%-40%, the minimum deposit for a buy to let mortgage is typically 25% of the property value. Newcastlemoneyman, your Buy to Let Mortgage Advisor in Newcastle is here to help with any further questions that you may have.

Your free mortgage consultation in Newcastle will last approximately about one hour. We will then recommend a mortgage for you, where you have no obligation for you to proceed and then it is your choice whether or not you wish to proceed with the mortgage.

As your Mortgage broker in Newcastle, we will carry out a Fact Find with you to establish your personal & financial needs before we recommend the most suitable mortgage for your circumstances. A credit check will then be required for you to obtain an Agreement in Principle. Once you have provided all the relevant documentation and a valuation of the property has been undertaken, you can then be issued a formal mortgage offer.

To avoid possible disappointment, we would highly suggest that you obtain an Agreement in Principle before you begin viewing a potential new home in Newcastle. At the very latest you should try to obtain one prior to making any offers to help with your bargaining position.

The standard for how long an Agreement in Principle will last is between 30 and 90 days, depending on the lender used. If your Agreement in Principle expires it can be easily refreshed with the help of your advisor.

You may have the option to get a second mortgage on your home in Newcastle for something like debt consolidation or home improvements. It may also be possible for you to take out a mortgage on a second property if you’re looking to potentially use it for yourself, a family member, a holiday home or a Buy-to-Let. If you require the help of a Specialist Mortgage Advisor in Newcastle, we are more than happy to have a chat about your options for a second mortgage.

If you have had credit problems you may still have some options to get a mortgage but this require extra steps, such as being asked to put down a higher deposit than usual, potentially 15% of the property purchase price. If you are having difficulty in trying to obtain a mortgage because of past credit problems, please feel free to get in touch with your Mortgage Broker in Newcastle and we will see how we are able to help!

Once you have submitted at least one year’s accounts, you will be able to begin your mortgage process in Newcastle. Most lenders will use a sum of salary plus dividend to calculate the maximum mortgage, whereas others are known to use your net profit.

You’ll find that the lenders will usually want to see three payslips from an employee to prove their income and the latest 2 years’ accounts for Self-Employed applicants. You will also need to provide the lender with proof of ID, address and 3 months’ bank statements before they will accept you for a mortgage in Newcastle.

Our free consultation will usually last around an hour or so. Our advisors are able to turn round an agreement in principle within 24 hours of your appointment. A formal mortgage offer will on average take about three weeks. Before you know it you will have your mortgage secured in Newcastle.

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!

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.

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Newcastlemoneyman.com & Newcastlemoneyman are trading styles of UK Moneyman Limited, which is authorised and regulated by the Financial Conduct Authority.
UK Moneyman Limited is authorised and regulated by the Financial Conduct Authority.
UK Moneyman Limited registered in England, registered number 6789312 and registered office 10 Consort Court, Hull, HU9 1PU.

© 2021 Newcastlemoneyman

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