Mortgage Broker in Newcastle
Mortgage Advice in Newcastle

To begin, we'll kick things off by conducting a Mortgage Fact Find. This step helps us understand your unique mortgage requirements and the type of deals you're interested in.

After the Fact Find, we'll schedule a free mortgage appointment with one of our experienced mortgage advisors in Newcastle. During this meeting, they'll gather additional information from you to tailor our services to your specific needs.

In a hurry to secure that ideal property? No worries! We can swiftly arrange an Agreement in Principle for you within 24 hours. This document might increase the likelihood of the seller accepting your offer, giving you a competitive edge.

When you've discovered your dream home and are satisfied with our mortgage recommendation, we'll move forward with the mortgage application process. It's important to note that a formal mortgage offer may take a bit longer, typically around three weeks. Throughout this period, we'll keep you well-informed about the progress of your application.

Your free initial mortgage appointment is designed to be informative and tailored to your needs. This appointment typically lasts between 30 to 60 minutes, during which you'll have the opportunity to engage with your dedicated mortgage advisor in Newcastle.

The goal of our experienced mortgage advisors is to gain a comprehensive understanding of your unique mortgage requirements and financial situation. By delving into your specific circumstances, they can expertly search for the ideal mortgage deal that aligns perfectly with your personal and financial goals.

As your trusted mortgage broker in Newcastle, we strongly advise our applicants to secure an Agreement in Principle (AIP) without delay. Having an AIP in hand while you're actively viewing properties can significantly enhance your prospects of seller acceptance and even provide an advantageous opening for price negotiations. It's a valuable step towards achieving your homeownership goals.

Once you've obtained an Agreement in Principle (AIP), it typically remains valid for a period ranging from 30 to 90 days. In the event that your AIP expires, renewing it is a straightforward process. Just reach out to your dedicated mortgage advisor in Newcastle, and they'll guide you through the renewal process, ensuring you're well-prepared to continue your property search.

If you are looking to take out a second residential mortgage or if you are looking to expand your property portfolio, you’ll benefit from speaking to a trusted and experienced mortgage broker in Newcastle.

We’ll be able to review your case in advance before sending it off to the lender, to make sure that this is a viable route for you, saving you from potentially harming your chances of obtaining a future mortgage if this is something you cannot currently do.

Book your free mortgage appointment and one of our mortgage advisors in Newcastle will see how they are able to help with what you are looking to achieve.

The deposit required for a mortgage often falls within the range of 5% to 15%, with most High Street Lenders typically requesting a 5% deposit. However, the specific deposit amount you'll need may vary based on your individual credit history and financial circumstances.

In some cases, lenders may ask for a larger deposit, typically ranging from 10% to 15%, depending on your creditworthiness. It's advisable to consult with a mortgage advisor in Newcastle who can provide guidance based on your situation and help you find the most suitable mortgage option.

Obtaining a mortgage, even if you've faced credit problems in the past, is still possible. While it may present some additional hurdles, it's by no means an insurmountable feat.

In cases where you have a less-than-perfect credit history, you might be required to make a larger deposit, often in the range of 10% to 15%. This can help demonstrate your commitment and financial stability to potential lenders, increasing your chances of securing a mortgage that suits your needs.

When applying for a mortgage, being self-employed means you'll typically need to provide a minimum of one year's accounts as part of your application.

As an experienced mortgage broker in Newcastle, we've observed that most lenders use a combination of your salary and dividends to calculate the maximum mortgage amount you can borrow. However, it's worth noting that some lenders may base their calculations on your net profit.

Our team is well-versed in navigating these intricacies to help you find the lender and mortgage that best suits your unique self-employed situation.

During your mortgage application, you’ll be asked to provide evidencing documents:

• For employed applicants, the documents typically include your latest 3 payslips and your latest P60.
• If you are self employed, you will need to supply your accounts from the last 2 years.
• Regardless of your employment status, you will generally be asked for your latest 3 months' bank statements and photographic ID.

Your free mortgage appointment is designed to be efficient, typically lasting between 30 to 60 minutes. After this initial step, your dedicated mortgage advisor in Newcastle will swiftly secure an Agreement in Principle for you, usually within 24 hours.

Once you're satisfied with the mortgage recommendation provided by your advisor, we can initiate the mortgage application process. Please keep in mind that the formal mortgage offer, on average, takes approximately 3 weeks to be processed. Throughout this period, we'll keep you informed of the application's progress.