Mortgage Broker in Jarrow

Get your free consultation 7 days a week

Reviews io White Logo

Read our 12 Reviews

Reviews IO Stars

First Time Buyer

Remortgage

Moving Home

Buy to Let

Right to Buy

Self Employed

Help to Buy

Specialist

Malcoms Image

We can search 1000s of mortgage deals in Jarrow, trying to find the best product for your personal and financial situation.

For your FREE mortgage appointment with a mortgage advisor in Jarrow, book online.

Book Online

For your FREE mortgage appointment with a mortgage advisor in Jarrow, book online.

Malcoms Image

We can search 1000s of mortgage deals in Jarrow, trying to find the best product for your personal and financial situation.

Book Online

Mortgage advice
your way

First Time Buyer

Remortgage

Moving Home

Buy to Let

Right to Buy

Self Employed

Help to Buy

Specialist

Reviews Stars5.00 Rating12 Reviews

Mortgage Advice in Jarrow – Open & Honest Advice

Welcome to our website! As a Mortgage Broker in Jarrow, it is our job to help you through your whole mortgage journey from start to finish. We have experience with all kinds of mortgage types and situations; get in touch to see whether we can help!

 

We have been working in the mortgage industry for over 20 years now and have built up strong relationships with high street and specialist lenders. We are able to approach these lenders to try and find you a suitable mortgage to take out on your new property. With each of them holding 1000s of deals, we are sure that we will be able to find the perfect one for you!

Free Mortgage Appointment

To start your mortgage journey in Jarrow, all that you need to do is book a free mortgage appointment with us online. Once you choose a date and time, you will be paired with a Mortgage Advisor in Jarrow that specialises in your situation.

 

We have weekdays and weekend availability, so make sure that you pick a slot that suits your personal and working life.

 

It’s easy and simple; book online today and hear back from a Mortgage Advisor in Jarrow straight away!

Your Mortgage Options in Jarrow

Here are our most popular mortgage options in Jarrow:

First Time Buyer Mortgages in Jarrow

Your mortgage process as a First Time Buyer can be stressful, where exactly do you start? We are here to help you through the mortgage process and make things simple and easy to understand.

 

The first step is to get some information from you regarding your personal and financial situation, then we can start trying to find a deal for you. The rest of the process will be explained to you during your free mortgage appointment.

 

The main part of the mortgage process is raising your deposit. Usually, first time buyers will need a minimum of 5% deposit, however, you may require more if your credit score is below average. If you are struggling to raise a deposit, you should consider looking into the government help to buy schemes. Examples include the Help to Buy Equity Loan, Lifetime ISA, and Shared Ownership.

Moving Home Mortgages in Jarrow

When you are planning on Moving Home in Jarrow, you will also need to think about selling your current property. Managing one property is hard enough, never mind two!

 

To ease the pressure from you, we want to offer a helping hand during the moving home process and sort all of the mortgage side of the process for you. It can be hard doing everything on your own, and it’s our job to help.

 

If you are thinking of moving to a bigger property in Jarrow, you will need to pass more intense credit and affordability checks than you did when you bought your first property. This is due to the fact that you are taking out a bigger loan and will have higher monthly repayments.

Buy to Let Mortgages in Jarrow

We are also able to help those looking at investing in Buy to Let. Landlords may find it more difficult to get their applications accepted due to strict requirements and lending criteria. For example, you will need 25%-40% deposit and will need evidence that you can afford two sets of repayments if you were to have no tenant.

 

If you have an existing Buy to Let portfolio, your chances of being accepted may improve. This all depends on your portfolio size and affordability.

 

If you are thinking of investing in other types of Buy to Lets in Jarrow, we can help with that too! We work with HMOs, Holiday Lets, Let to Buys and many more. Talk to your dedicated Buy to Let Mortgage Advisor in Jarrow to discuss all of your Buy to Let options.

Remortgaging in Jarrow

A Remortgage is simply a switch onto a new mortgage deal as your current one approaches its end. Switching before your current deal expires will allow you to avoid your lender’s standard variable rate of interest (which is likely higher than your current rate).

 

When it comes to remortgaging, we will search the whole market to try and find a competitive, replacement deal for you to switch onto. If we cannot find a better deal, we will be 100% transparent with you and advise you to stay on your current deal.

 

There are other reasons why people remortgage too; you could remortgage to fund home improvements, release equity or consolidate debt into your mortgage.

 

Self Employed applicants must supply further documentation to evidence their income and affordability. The steps to each process are very similar, lenders just need to know your reliability.

Why Choose us as your Mortgage Broker in Jarrow?

Unlike banks or building societies that are limited to their own in-house products, as a Mortgage Broker in Jarrow, we are able to search all different kinds of lenders in order to find you the right deal.

 

Our huge panel of lenders holds high street and specialist deals, therefore, if you have a high or low credit score, we have options for all applicants.

 

Getting Mortgage Advice in Jarrow is made easy with us. All you need to do is give us a call and someone will be able to answer questions that you may have.

 

Our team is responsive and wants you to receive the best service possible. You can see what others have thought of our service over in our reviews section.

Our Simple 4-Step Process

First of all, you need to book online or give us a call. Then you can choose your own date and time for your appointment in Jarrow.

 

One of our Mortgage Advisors in Jarrow will then be in touch to discuss your enquiry further and get some extra bits of information from you. They will also prepare your Agreement in Principle (AIP).

 

Once they have your information, they can then go and try and find the perfect mortgage product for you. They will try and find a deal tailored to your personal circumstances.

 

If you want to continue with us and the deal, it is time to prepare your mortgage application.

Have you been declined by your bank?

If you have been declined by your bank for a particular reason, don’t hesitate to get in touch. We have helped many applicants who once thought that it was impossible to get a mortgage.

 

Whatever the reason is for you being declined, we can take a look together and try and sort it. It could be down to poor credit, a fault in your application, affordability or something else. As a Mortgage Broker in Jarrow, we would strongly recommend trying to fix this before applying for more products. This can only negatively affect your credit score.

 

Our team in Jarrow are here to help, 7 days a week. All that you need to do is tell us a little bit about your situation and why you need help. From then on, we will work by your side and try to help you move into that dream home of yours. Book a free mortgage appointment in Jarrow today.

Free Mortgage Appointment

Every customer can benefit from a free mortgage appointment with one our Mortgage Advisors in Jarrow. All that you have to do is follow our 'Get Started' process and then you'll be able to pick a date and time that suits you.

Bank vs Broker

Banks are only able to offer you their own in-house products, whereas a Mortgage Broker in Jarrow like us, can search the whole market to try and find you an appropriate deal that matches your personal and financial situation.

All Situations Considered

We will try and help you, no matter the situation that you are in. We deal with first time buyers, home movers, buy to lets, remortgages, self employed, help to buys, right to buys, equity release and specialist situations.

We search 1000's of mortgage deals across a large number of lenders, including:

Mortgage Lender 1
Mortgage Lender 2
Mortgage Lenders 003
Mortgage Lender 4
Mortgage Lender 5
Mortgage Lender 6

Common mortgage questions

Your free mortgage consultation in Newcastle will last approximately about one hour. We will then recommend a mortgage for you, where you have no obligation for you to proceed and then it is your choice whether or not you wish to proceed with the mortgage.

As your Mortgage broker in Newcastle, we will carry out a Fact Find with you to establish your personal & financial needs before we recommend the most suitable mortgage for your circumstances. A credit check will then be required for you to obtain an Agreement in Principle. Once you have provided all the relevant documentation and a valuation of the property has been undertaken, you can then be issued a formal mortgage offer.

To avoid possible disappointment, we would highly suggest that you obtain an Agreement in Principle before you begin viewing a potential new home in Newcastle. At the very latest you should try to obtain one prior to making any offers to help with your bargaining position.

The standard for how long an Agreement in Principle will last is between 30 and 90 days, depending on the lender used. If your Agreement in Principle expires it can be easily refreshed with the help of your advisor.

You may have the option to get a second mortgage on your home in Newcastle for something like debt consolidation or home improvements. It may also be possible for you to take out a mortgage on a second property if you’re looking to potentially use it for yourself, a family member, a holiday home or a Buy-to-Let. If you require the help of a Specialist Mortgage Advisor in Newcastle, we are more than happy to have a chat about your options for a second mortgage.

The minimum deposit that will be required when purchasing a house in Newcastle with High Street Lenders is usually 5%. This, however, can be higher if you have had prior credit issues.

If you have had credit problems you may still have some options to get a mortgage but this require extra steps, such as being asked to put down a higher deposit than usual, potentially 15% of the property purchase price. If you are having difficulty in trying to obtain a mortgage because of past credit problems, please feel free to get in touch with your Mortgage Broker in Newcastle and we will see how we are able to help!

Once you have submitted at least one year’s accounts, you will be able to begin your mortgage process in Newcastle. Most lenders will use a sum of salary plus dividend to calculate the maximum mortgage, whereas others are known to use your net profit.

You’ll find that the lenders will usually want to see three payslips from an employee to prove their income and the latest 2 years’ accounts for Self-Employed applicants. You will also need to provide the lender with proof of ID, address and 3 months’ bank statements before they will accept you for a mortgage in Newcastle.

Our free consultation will usually last around an hour or so. Our advisors are able to turn round an agreement in principle within 24 hours of your appointment. A formal mortgage offer will on average take about three weeks. Before you know it you will have your mortgage secured in Newcastle.

Malcolm's
mortgage guides

Enquire Online

Newcastlemoneyman.com & Newcastlemoneyman are trading styles of UK Moneyman Limited, which is authorised and regulated by the Financial Conduct Authority.
UK Moneyman Limited is Registered in England, No. 6789312 | Registered Address: 10 Consort Court, Hull, HU9 1PU.

Authorised and Regulated by the Financial Conduct Authority.
We are entered on the Financial Services Register No. 627742 at www.register.fca.org.uk

The information contained within the website is subject to the UK regulatory regime and is therefore primarily targeted at customers in the UK.
Should you have cause to complain and you are not satisfied with our response to your complaint, you may be able to refer it
to the Financial Ombudsman Service, which can be contacted as follows

The Financial Ombudsman Service, Exchange Tower, London, E14 9SR
www.financial-ombudsman.org.uk

© 2022 Newcastlemoneyman

Newcastlemoneyman – Clavering House, 1 Clavering Place, Newcastle Upon Tyne, NE1 3NG.

Moneyman Logo







Moneyman Logo




Moneyman Logo

Ask Your Question





    Moneyman Logo

    Moneyman Logo







    Moneyman Logo

    Book your Free Consultation

    7 Days 8am - 10pm

    Moneyman Logo

    Moneyman Logo