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Mortgages for first time buyers

Mortgages on a second property


If you’re looking to invest in a second property whilst still retaining your existing home, we can help you find the right mortgage for you. Many buyers assume that a second mortgage is easier to obtain but there are often more hoops to jump through and it is always best to seek professional help.

More often than not, people don’t have enough equity in their existing home to remortgage and buy their second property outright. Hence the need for a second mortgage.

What you intend to do with your second property will determine the type of mortgage you will need. Whether you’re looking to keep the property as a second home, or rent it out to a third party, we can find the best deal on the market for you.

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Everything you
need to know…

Second home


Lenders can be a little more cautious when it comes to second home mortgages and it’s likely that you will need a bigger deposit than you did with your first mortgage. The process can be a little trickier too as not all lenders provide second mortgages. However, we can still find you great deals as long as you can prove that your income will cover both mortgage repayments. It’s worth considering too that second home mortgages often come with higher interest rates.

Buying to let


If you are planning on renting out your second property then you will need a buy to let mortgage. Unlike a traditional mortgage, how much you can borrow is determined by the property’s potential rental income, rather than your own. It is still advantageous to have a decent sized deposit when buying a second property with the intention of renting it out, as you can get more competitive deals.

A HELPING HAND

Finding a mortgage for a second property, whatever your intentions, couldn’t be simpler with the help of TaylorMade. Our expert advisers can ensure that you get the best deal possible and that the whole process is as smooth as can be.

Contact one of our advisers to get started today.

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Mortgage
types

Mortgage Calculators

Our online mortgage calculators have been designed to help you with the most common mortgage questions such as ‘how much can I borrow?’ and ‘how much will it cost?’

To get a more accurate idea we recommend that you speak to one of our expert mortgage advisers.

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Why choose
us?

Thorough


We conduct a thorough and obligation free financial review to ensure our services are appropriate for you.

Honest


We provide a face to face meeting, to take you through the best options for you, in the comfort of your own home.

Fair


We aim to support the Financial Conduct Authority initiative of ‘Treating Customers Fairly’ at all times.

Informed


We provide you with all the information that you need to make a decisive and informed decision.

Flexible


With access to a comprehensive range of first charge mortgages and protection, we can deliver a complete range of flexible mortgage solutions to fit your exact requirements.

Loyal


We provide our clients with an ongoing service by conducting an annual review to ensure that their current mortgage arrangements still suit their needs.

Comprehensive


Our comprehensive service includes an initial no obligation consultation, professional advice and recommendation, help with legal paperwork and an annual review for every customer.

Helpful


All of our advisers are helpful, courteous and ready to listen at all times.

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our ratings

Taylor Made Testimonials

Don't just take our word for it


We have a wealth of happy customers who can’t help but shout about our excellent services.

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Excellent
121 Reviews
4.9 Rating

Mr & Mrs Cotney

Explained everything clearly, very informative.

03.07.2018

Mr & Mrs Whitehouse

Iain has been fantastic and explained everything in laymans terms. Very pleased with the service. Thank you.

26.06.2018

Talk to us

If you're unsure and need some advice just give us a call, our expert team of advisers are available to help you choose the mortgage that is right for you.

0345 305 2540 info@taylormade-finance.co.uk

By clicking on the above link you will be leaving the regulated site of TaylorMade Finance Ltd. TaylorMade Finance Ltd is not responsible for the accuracy of the information contained within the linked site.

Where you have a complaint or dispute with us and we are unable to resolve this to your satisfaction then we are obliged to offer you the Financial Ombudsman Service to help resolve this. Please see the following link for further details: http://financial-ombudsman.org.uk

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

For mortgages we can be paid by commission, or a fee of usually 1% of the loan amount.

TaylorMade Finance Ltd is authorised and regulated by the Financial Conduct Authority.

The Financial Conduct Authority does not regulate Will Writing and some aspects of estate planning. Buy-to-Let Mortgages and Secured Loans.

The guidance and/or advice contained within the website is subject to the UK regulatory regime and is therefore primarily targeted at customers in the UK.