Mortgages

For many, the purchase of a main residence is one of the most expensive purchases they will ever make. At MN Consultancy we cover the full spectrum from main residence purchase through to professional landlord portfolios. We offer fully independent advice, looking across the whole of the market to make sure that you are getting the most competitive mortgage for your purchase.

Purchase.

Buying a new property is exciting and you will want to ensure that you get the property you have made an offer on. Putting together a quality team of property professionals can help to ensure that nothing goes wrong with the house buying process.

You should work with an IFA and a solicitor that you know will get the job done efficiently and that will always be available to answer any questions you have.

We provide professional mortgage advice and offer mortgages from across the market.

The initial consultation with an IFA is free. We want to be able to show you how we work, what service you will receive and ultimately the terms we can secure for you before you commit to using our services.

If you choose to use MN Consultancy Ltd we will handle everything from the completion of the application forms to the instruction of the property valuation. As part of our service, we will chase estate agents, surveyors and solicitors on your behalf to bring about a swift completion, as we understand this can be stressful at this time we strive to make the purchase a lot smoother for you.

You will benefit from one to one contact with an adviser and administration support from professionals that are always contactable and have a can-do attitude.

Remortgage.

A remortgage is when you change your mortgage lender without moving home. The reason you may remortgage is usually to raise more money, secure a better rate of interest following the end of your initial fixed/tracker rates or to repay some debt.

Whatever your reason for wishing to remortgage we can help you to secure the best mortgage deals for your situation. We are fully independent which means we have access across the market.

It doesn’t have to cost you a fortune either… With a remortgage, we can usually look to save you money on the service by sourcing mortgage providers that offer free property valuations and free solicitor costs.

Private Finance & Large Loans

As house prices continue to increase high net worth mortgages have become a more specialist requirement in the UK. We work with individuals across the UK to secure bespoke funding terms of £1 Million plus secured on residential property.

From offices in Darlington, we provide our clients with professional property finance advice and tailored private finance solutions. Giving access to lenders not found on the high street.

Mortgages for Professional Landlords

MN Consultancy works with banks, building societies and broker exclusive lenders to bring professional landlords leading mortgage advice on single or multiple buy to let properties.

Mortgages for professional landlords used to mean lending to clients that derive their main source of income from the property. More recently a professional landlord has been defined as a person owning 3 or more properties either in a personal name or via a limited company.

One of the main implications of being a professional landlord is that lenders now require considerably more paperwork on your assets and liabilities. Typically, lenders will require a business plan, assets and liabilities statement and a cash flow forecast for your property portfolio. All of which is rather time-consuming but important to ensuring the lending is agreed.

Lenders will assess your property portfolio, some lenders require the overall loan to value to fall below a certain loan to value. Other lenders need the rent to cover the mortgage payments by certain amounts. At the other end of the scale, there are a few lenders that don’t need any of the above at all.

The increased scrutiny and paperwork required means that securing a mortgage as a professional landlord needs to be handled by a buy to let property finance specialist familiar with securing mortgages for professional landlords.

As an established professional buy to let mortgage adviser, we have access across the Buy to let mortgage market. This is an attractive proposition for professional landlords as we can secure mortgages for professional landlords wishing to finance for many scenarios including:

· Portfolio’s ranging from several properties and with no maximum limit

· Auction Property

· Student Buy to Let’s

· Multiple flats under one freehold

· Re-mortgages at 6 months

· Those looking to rent out their main residence when moving home

Mortgages for Professional Landlords need to take account of each property including the type of property, the rental yield, type of tenant. We take the time to understand your current situation and will work with you to help you grow your property portfolio.

Our team of buy to let mortgage advisers and administrators have many years’ experience in putting together finance packages secured across some of the UK’s largest property portfolios and we have secured terms not advertised on the high street.

Ltd Company Buy to Let Mortgages

Limited company buy to let mortgages are available from many lenders including high street banks and building societies through to specialist broker only lenders. As a professional buy to let mortgage adviser we can secure terms otherwise unavailable on the high street. Furthermore, we understand the buy to let market, the tax situation and the best way to finance Limited company property including student accommodation, HMO’s and refurbishment properties.

Your home may be repossessed if you do not keep up repayments on your mortgage.