Mortgage Broker in Newcastle

To begin, we conduct a Mortgage Fact Find. This crucial step helps us understand your unique mortgage requirements and the types of deals that best suit your needs.

Following the Fact Find, we schedule a free mortgage appointment with one of our experienced mortgage advisors in Newcastle. During this appointment, they gather additional information to tailor our services specifically to your situation.

If you’re eager to secure your ideal property, we can swiftly arrange an Agreement in Principle (AIP), also known as a Decision in Principle or a Mortgage in Principle, within 24 hours. This document could increase the likelihood of the seller accepting your offer, giving you a competitive edge.

Once you’ve found your dream home and are satisfied with our mortgage recommendation, we proceed with the mortgage application process. Typically, a formal mortgage offer takes around three weeks. Throughout this period, we keep you informed about the progress of your application.

Our streamlined approach ensures that you receive expert guidance and support at every stage of the mortgage process, making your home-buying journey as smooth and stress-free as possible.

The time it takes to process a mortgage can vary depending on several factors, including the complexity of your application and the lender’s requirements. On average, the process from application to mortgage offer takes about 2 to 6 weeks. However, more complex cases or delays in providing documentation can extend this period. Our mortgage advisors will keep you informed throughout the process, ensuring you know what to expect at each stage.

Our free mortgage appointment is designed to provide you with personalised advice without any obligation. During this appointment, one of our experienced mortgage advisors in Newcastle will discuss your financial situation, understand your needs, and explore suitable mortgage options.

We cover a wide range of mortgage products, including secured loans, bridging loans, and specialised mortgage options for those aged 60 and above. Whether you’re looking for a traditional mortgage, need a short-term financial solution like a bridging loan, or are exploring options tailored to older borrowers, we offer expert guidance to suit your circumstances.

Our mortgage advisors in Newcastle will gather detailed information from you to ensure our recommendations are precisely tailored to your needs. We’ll explain the different products available, including their benefits and potential drawbacks, helping you make an informed decision.

By the end of the appointment, you’ll have a clearer understanding of your mortgage options and the next steps to take. Whether you’re a first time buyer, remortgaging, or looking for a specialist loan, our team is here to support you through every stage of the process.

Obtaining an Agreement in Principle (AIP), also known as a Decision in Principle or a Mortgage in Principle, is an important step in the home-buying process. It’s advisable to get an AIP before you start house hunting in Newcastle. This not only gives you a clear idea of your budget but also shows sellers that you’re a serious buyer, which can give you an edge in a competitive market.

An AIP provides an indication of how much you can borrow based on an initial assessment of your financial situation. Having this document ready before viewing properties demonstrates that you’re well-prepared and can act quickly when you find your ideal home.

An Agreement in Principle (AIP), also known as a Decision in Principle or a Mortgage in Principle, typically lasts between 30 to 90 days, depending on the lender. This gives you a time frame to find a property and proceed with your mortgage application. If your AIP expires before you’ve found a home, don’t worry—our mortgage advisors in Newcastle can help you renew it or obtain a new one, ensuring your home-buying process stays on track.

Yes, you can obtain a second mortgage. Whether you’re looking to buy an additional property, invest in buy to let, or release equity from your current home, our mortgage advisors can help you explore your options. We’ll assess your financial situation and provide guidance on the best approach to securing a second mortgage.

The deposit required for a mortgage in Newcastle depends on various factors, including the type of mortgage and the lender’s criteria. Generally, you will need a minimum deposit of 5% of the property’s value for a standard mortgage. However, a larger deposit, such as 10% or 20%, can often secure better mortgage rates and terms. Our mortgage advisors in Newcastle can help you understand the specific requirements based on your circumstances.

Having previous credit problems doesn’t automatically disqualify you from getting a mortgage in Newcastle. While it may be more challenging, there are lenders who specialise in providing mortgages to those with adverse credit histories. Our experienced mortgage advisors in Newcastle can help you identify suitable lenders and guide you through the application process to improve your chances of securing a mortgage.

Yes, being self employed doesn’t prevent you from getting a mortgage in Newcastle. However, the application process may differ slightly compared to employed applicants. Typically, you’ll need to provide more documentation to demonstrate your income and financial stability. Our mortgage advisors in Newcastle are well-versed in assisting self-employed individuals and can help you gather the necessary documents and present your case effectively to lenders.

To process your mortgage application, you’ll need to provide several key documents to your mortgage broker. These typically include proof of identity (such as a passport or driving licence), proof of address (like utility bills), proof of income (payslips or tax returns for the self employed), and bank statements. Having these documents ready can speed up the application process and help your mortgage advisor find the best deal for you.