Here are some of the most common questions we hear from our clients. Dive in and see if we’ve got what you’re looking for! If you’re looking for more specific questions, take a look out our different service pages where we also answer relevant questions.
Typically, lenders require your rental income to cover at least 125% of your mortgage payments. We’ll help calculate the exact requirements based on your circumstances and chosen lender’s criteria.
The minimum deposit you’ll typically need is 5% of the property’s value. However, putting down a larger deposit—such as 10% or more—can give you access to better interest rates and a wider range of lenders. The exact amount can vary depending on your personal circumstances, credit history, and the type of mortgage you’re applying for.
How much you can borrow depends on a range of factors, including your income, outgoings, credit history, and overall financial profile. Most lenders will offer between 4 and 4.5 times your annual income, although some may go higher for applicants with strong affordability. We’ll carry out a personalised assessment to give you an accurate idea of what you could borrow and match you with suitable lenders.
Most Buy-to-Let mortgages taken out for investment purposes are not regulated by the FCA. However, we maintain the same high standards of service across all our mortgage advice. Consumer Buy-to-Let mortgages (where you’re letting property not wholly for business purposes) have limited regulatory protection.
Yes, many lenders will allow you to use your company’s retained profits as part of your mortgage affordability assessment. This is particularly useful if you choose to leave money in the business rather than pay yourself a high salary or large dividends. We work with specialist lenders who take a more holistic view of your company’s financial position, not just your personal income.
No, we don’t charge fees for protection advice. We receive commission from the insurance provider when you take out a policy.
We offer products from a comprehensive range of insurers based on a fair analysis of the market. For specialist products like over 50s life insurance or personal accident insurance, we work with specific providers.
Most protection policies can be arranged within 2-4 weeks, depending on the type of cover and whether medical information is required.
Everyone’s needs are different. During your free protection review, we’ll assess your circumstances and recommend appropriate coverage for your situation.
Yes, our protection services are regulated by the Financial Conduct Authority and covered by the Financial Services Compensation Scheme.
Ready to take the next step? Download one of our useful guides to explore the different types of finance we offer. You can also use our completely free commercial mortgage calculator too! Your journey to financial success starts NOW.
Our advisers are always available for a chat, get in touch to get started with your mortgage and protection needs.
Think carefully before securing other debts against your home. Your home may be repossessed if you do not keep up repayments on your mortgage.
2nd City Finance Limited is an Appointed Representative of Quilter Financial Services Limited which are authorised and regulated by the Financial Conduct Authority.
2nd City Finance Limited is registered in England and Wales. Company Number 13055699. Registered Address Advantage House, Stowe Court, Stowe Street, Lichfield, WS13 6AQ
The guidance and/or information contained in this website is subject to UK regulatory regime and is therefore targeted as consumers based in the UK.
Expert Mortgage Solutions for Your Journey Home.
