Welcome to our mortgage broker website. Our trusted team of mortgage advisors are here to help you every step of the way, through your home purchase or remortgage.
We pride ourselves on our mortgage advice service so please feel free to look at our genuine customer reviews at Reviews.co.uk.
Unlike a lot of larger mortgage advice companies, we are a smaller and experienced team of friendly mortgage brokers, we are here to answer all your enquiries.
We can search thousands of mortgage products to find you the best deal based on your individual circumstances.
Whatever your personal mortgage situation, we’d love to try and help.
First Time Buyer Mortgage Advice in Newcastle
Moving Home Mortgage Advisors
Remortgage Advisors in Newcastle
Buy to Let Mortgages
Self Employed Mortgage Advice
Help to Buy Mortgage Advisor
Right to Buy Mortgage Advice
Specialist Mortgage Advice in Newcastle
We don’t work with estate agents, banks or builders.
We have only your interests at heart.
Newcastlemoneyman is authorised and regulated by the Financial Conduct Authority.
We are able to search 1000’s of mortgage deals on your behalf.
Our advisors have experience dealing with various mortgage situations.
We stay up to date with all lending criteria.
We offer all customers a free initial mortgage consultation.
You’ll benefit from a free initial mortgage consultation with one of our experts. Out of hours mortgage advice isn’t a problem, we have in-house mortgage advisors working until late to take your mortgage enquiries. Give us a call, we may be able to help!
The banks’ mortgage advisors are only able to offer products from one lender – Themselves. Their mortgage advisors can also be rather hard to get an appointment with, so if you’re actively looking at properties or are ready to offer this can be very frustrating. Seeking advice from a professional mortgage broker can also work in your favour, as we can compare deals. We have a large number of mortgage lenders on panel, some with very specialist mortgage products available. Worry not, we have a lot of experience and knowledge in providing mortgage advice to customers with a variety of situations.
Quite often, customers that contact us for mortgage advice have been turned away by their bank for reasons such as income types, credit score, property type and the bank won’t lend enough. More often than not, we are able to help with this.
We’ll help and support you anytime you need us, 7 days a week! The home buying process isn’t always easy, we’ll help you over any hurdles you face.
We’ll aim to make you feel relaxed and be open and honest – We’ll take away the stress.
Please read our genuine customer Reviews at Reviews.co.uk. Your service is really important to us!
You will need to have at least 5% of the sale price of your new build property in Newcastle. The government will then loan you up to 20% to the properties value.
The discount provided by the council will often be used by lenders as your deposit. Some lenders however, will require you to put down a deposit in addition to the discount. This is sometimes the case if you’ve been struggling with credit problems. A Mortgage Advisor in Newcastle at Newcastlemoneyman is here to answer all of your Right to Buy mortgage questions.
Though it can vary between 20%-40%, the minimum deposit for a buy to let mortgage is usually 25% of the property value. Newcastlemoneyman, your Buy to Let Mortgage Advisor in Newcastle is here to help with any further questions you that have.
Your chances of saving money go up if you are on your lenders SVR (Standard Variable Rate of Interest). A Mortgage Broker in Newcastle like us can compare the new products available against your current mortgage deal, in order to work out these savings for you. If you have equity in your property, a remortgage would also allow you to release some of this money if required. Usually, this is used for things like home improvements.
You can remortgage and increase the size of your mortgage to pay off any unsecured debts you may have. Please do not rush into this though as there are some downsides. We recommend that customers always seek Mortgage Advice in Newcastle before consolidating debts!
Your initial free remortgage consultation in Newcastle will last around 1 hour. We will then compare a new deal vs your current product and recommend the most appropriate one, with no obligation to you. You can then decide whether you wish to go ahead with the mortgage, or take a step back.
The fees will be similar to the ones involved when you started your current mortgage. However, your dedicated Mortgage Advisor in Newcastle will run through all of the fees with you. Taking these into consideration when comparing the savings of the new deal vs your current mortgage.
Your free mortgage consultation in Newcastle will last around one hour. We will then recommend a mortgage for you with no obligation for you to proceed and you can decide whether or not you wish to proceed with the mortgage.
As your Mortgage broker in Newcastle, we carry out a Fact Find to establish your personal needs before we recommend the most suitable mortgage for you. A credit check is then required for an Agreement in Principle. Once you have provided all the relevant documentation and a valuation of the property has been undertaken, a formal mortgage offer can be issued.
To avoid possible disappointment, we recommend you obtain an Agreement in Principle before you begin viewing properties in Newcastle. At the very latest you should obtain one prior to making an offer to assist your bargaining position.
An Agreement in Principle typically lasts for between 30 and 90 days depending on the lender used. If your Agreement in Principle expires it can always be refreshed.
It may be possible to get a second mortgage on your home in Newcastle for things like debt consolidation or home improvements. It may also be possible to take out a mortgage on a second property if you’re wanting to use it for yourself, a family member, a holiday home or a Buy to Let. If you need to talk to a Specialist Mortgage Advisor in Newcastle, we are more than happy to have a chat about your second mortgage options.
The minimum deposit when purchasing a house in Newcastle with High Street Lenders is typically 5%. This can be higher if you have had previous credit problems.
If you have had credit problems you can still get a mortgage but you may possibly be required to put down a higher deposit than usual, perhaps 15% of the property purchase price. If you are struggling to get a mortgage because of past credit problems, get in touch with your Mortgage Broker in Newcastle and we will see if we can try and help!
Once you have submitted at least one year’s accounts, you will be able to get your mortgage journey in Newcastle started. Most lenders use your salary plus dividend to calculate the maximum mortgage, whereas others are known to go off your net profit.
It’s usually three payslips for an employee to prove income and the latest 2 years’ accounts for Self Employed applicants. You will also need to produce proof of ID, address and 3 months’ bank statements before you can get accepted for your mortgage in Newcastle.
Our free consultation typically lasts up to an hour or so. We can turn round an agreement in principle within 24 hours. A formal mortgage offer takes about three weeks on average. Before you know it you will have your mortgage secured in Newcastle.