Search for a buy-to-let mortgage

Landlords who have followed me on my journey to get a buy-to-let mortgage will be relieved to know that my search is almost over.

Having tracked down a suitable product. My priority was to get it at the lowest cost.

I knew the product but as I already explained it was only available through a financial intermediary such as a mortgage broker. This situation is ideal for one one company. Money Back Mortgages.

Money Back Mortgages
This company was set up by very affable and efficient Tony Chewins. It allows landlords to collect 50% of the so called procurration fee paid by many mortgage companies as a commission when they sell a buy-to-let mortgage. This is great in my circumstances. Not only do I avoid paying any broker fee, I also get some cash back. The figure they have quoted is £187. Better than a kick in the teeth I thought!

Money Back Mortgages are best suited to landlords that have sourced their own mortgage but want to gain the benefits of paying no brokers fee and then sharing the spoils of their labour by sharing the commission with them.

So, I had a suitable mortgage and a means of getting it. The next thing was to contact them through the Enquiry Form

I received a prompt email response conforming that they could obtain this buy-to-let mortgage.

They then sent me an email with

The Mortgage Workd Decision in principle.pdf (488KB), The Mortgage Works BTL Application.pdf (229KB), The Mortgage Works Valuation PDQ form.pdf (40KB), MBM Initial Disclosure Document.pdf (16KB), The Mortgage Works 6.29% tracker illustration.pdf (97KB)

The next stage was to get FORM FILLING - not my favourite activity but it has to be done.

I'll keep you updated on the progress of my application