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Mortgage Broker in Swalwell

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0191 432 9860

A Mortgage Advisor you can Trust

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.

All Mortgage Situations Considered

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

Why Us?

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.

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

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How do I transact with my Mortgage Broker in Swalwell?

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!

Why shouldn’t I go to my bank for Mortgage Advice in Swalwell?

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.

My bank turned me down – Will you be able to get me a mortgage?

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.

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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.

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We’ll aim to make you feel relaxed and be open and honest – We’ll take away the stress.

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Please read our genuine customer Reviews at Reviews.co.uk. Your service is really important to us!

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Mortgage advice is available morning, evening or at the weekend. We’re here at a time that suits you and your family.

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We’re not like a bank – We’re able to search 1000’s of mortgage deals in order to recommend the best one for you!

Common Mortgage Questions

You will need to have around 5% of the price the new build property in Newcastle is on sale for. The government will then loan (it’s important to remember that this is what this is and you’ll need to pay it back) you up to 20% to the properties value.

The discount provided by the council will often be what the lenders use as your deposit. Some lenders however, will require you to put down a deposit in addition to this local authority discount. This is sometimes the case if you’ve been struggling with any particular credit issues. A Mortgage Advisor in Newcastle at Newcastlemoneyman will be here to answer all of your Right to Buy mortgage queries.

Though the amount needed can vary between 20%-40%, the minimum deposit for a buy to let mortgage is typically 25% of the property value. Newcastlemoneyman, your Buy to Let Mortgage Advisor in Newcastle is here to help with any further questions that you may have.

Your chances of saving money may go up if you are on your lenders 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 what your savings may be. If you have equity in your property, a remortgage would also allow you to release any equity you have in your property if you need it, usually used for things like home improvements.

You may be able to remortgage and increase the size of your mortgage to pay off any unsecured debts that have built up. This is not something we advise rushing into though, as there are some downsides. We recommend that customers always seek Mortgage Advice in Newcastle before signing up to consolidate any debts!

Your free initial remortgage consultation in Newcastle with a mortgage advisor will last around 1 hour. They will then compare a new deal against your current product and recommend whichever is the most appropriate one, with no obligation to you. It’s then up to you to decide whether you wish to go ahead with the mortgage, or take a step back and rethink your options.

The fees for a Remortgage will be similar to the ones involved when you started your current mortgage. However, your dedicated Mortgage Advisor in Newcastle will be able to run through all of the fees with you, and they will take these into consideration when they compare the savings of the new deal against your current mortgage.

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.

Newcastlemoneyman.com & Newcastlemoneyman are trading styles of UK Moneyman Limited, which is authorised and regulated by the Financial Conduct Authority.
UK Moneyman Limited is authorised and regulated by the Financial Conduct Authority.
UK Moneyman Limited registered in England, registered number 6789312 and registered office 10 Consort Court, Hull, HU9 1PU.

© 2021 Newcastlemoneyman

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

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