It's Free to Speak to an Advisor, 7 days, 8am - 10pm

Landing Page Single M

Mortgage Broker in Whickham

& Surrounding Areas

It's free to speak with a mortgage advisor 7 days a week, 8am - 10pm

0191 432 9860Speak to an Advisor - It's Free!

Mortgage Broker in Whickham

& Surrounding Areas

It's free to speak with a mortgage advisor 7 days a week, 8am - 10pm

Speak to an Advisor - It's Free! 0191 432 9860

Providing expert mortgage advice in Whickham

Welcome to our page for mortgage advice in Whickham. We are a mortgage broker in Whickham with over 20 years of experience in providing mortgage advice and helping customers achieve their home owning dreams. It is our responsibility to provide support and guidance throughout the entire mortgage process. Your dedicated mortgage advisor will assist you from start to finish, keeping you informed every step of the way.

We encourage our customers to ask questions whenever they are unsure of something, to ensure that they feel secure and comfortable no matter where they are in the mortgage process. We understand that customers may face mortgage hurdles, and by consulting with an experienced and professional mortgage advisor in Whickham, you can alleviate some of the stress.

Speak to an Advisor - It's Free!
Video BG One Video BG Two
Popular Mortgage Scenarios in Whickham

All of our customers receive a free mortgage appointment!

Our team of mortgage advisors in Whickham is well-equipped to handle any situation you may face in your home-buying journey. With over 20 years of experience and extensive industry knowledge, we have seen it all and are always up for a challenge. Even if your specific circumstance is not mentioned on our page, we encourage you to reach out to us as we may have encountered it before and can provide valuable assistance. Don’t hesitate to contact us and see how we can help you achieve your homeownership dreams.

Our Reviews

Popular Mortgage Scenarios in Whickham

First Time Buyer in Whickham

Accorion Arrow

Starting your journey as a first time buyer in Newcastle and nearby areas can be intimidating, especially when it comes to one of the biggest financial commitments you’ll ever make. That’s why our friendly team is here to guide you every step of the way. From your initial point of contact to the moment you receive your keys, we’ll provide you with regular updates on your application status and make sure to explain everything in simple terms, avoiding technical jargon that can confuse you.

Booking an appointment with a First Time Buyer Mortgage Advisor in Newcastle & Whickham has never been simpler. You can book online for a free mortgage consultation, or simply get in touch with us today. Our process starts with a detailed evaluation of your financial background by asking a series of questions. Then, we’ll conduct an affordability assessment to determine which mortgage deals are available to you.

Your assigned advisor will then carefully examine all available mortgage products to find the one that suits your specific needs. You’ll receive an Agreement in Principle within 24 hours of your initial appointment, and your advisor will be on hand to answer any questions you may have. So, don’t hesitate to ask!

Moving Home in Whickham

Accorion Arrow

If you are planning to move home in Newcastle and surrounding areas, we can provide you with expert mortgage advice to make the process easier. As a seasoned mortgage broker, we can assist you in managing the mortgage side of things, including the simultaneous buying and selling of properties.

Moving home can be an exciting but challenging experience, especially if you are looking for a larger property. Before viewing and making offers, it’s essential to check your affordability. We can help you work up a budget and determine what types of properties you can afford in Whickham. Contact us today to schedule a free mortgage appointment with one of our moving home mortgage advisors.

Buy to Let in Whickham

Accorion Arrow

Our team has extensive experience in the mortgage industry and we have built strong relationships with numerous Buy to Let landlords over the years. Whether you are a first-time buyer landlord or have an established portfolio, we are here to provide you with assistance.

We offer a range of mortgage options, including HMO, Holiday Let, Let to Buy, and more. Our mortgage advisors in Newport can provide guidance on buy to let mortgages in Newcastle and the surrounding areas, and help you explore your options to find the most suitable solution for your needs.

Remortgaging in Whickham

Accorion Arrow

As your fixed mortgage term nears its end, it’s time to start considering remortgaging in Newcastle and surrounding areas. This involves switching to another mortgage deal to avoid falling onto your lender’s standard variable rate of interest. Our team of experienced mortgage advisors can help you find competitive rates and products in the market. If you’ve kept up with your repayments, you may find that you have attractive rates available to you.

Aside from finding a better deal, many individuals opt to remortgage for various reasons, such as home improvements, releasing equity, or consolidating debt into their mortgage. Whatever your reason may be, we’re here to provide you with professional advice and assistance throughout the entire process.

Reviews Stars5.00 Rating17 Reviews

Our Simple 4-Step Process

Book Online

Step 1

Booking a free mortgage appointment with our expert mortgage advisor in Whickham is a hassle-free process. You can easily choose your preferred date and time using our online booking system. During the appointment, our advisor will take the time to understand your specific circumstances and assess your affordability.

Free Mortgage Apppointment

Step 2

At your appointment, our mortgage advisor will furnish you with an Agreement in Principle, usually within 24 hours. Armed with this information, they will scour the market for a mortgage product that fits your requirements.

Finding a Suitable Product

Step 3

After you have chosen the right mortgage product for you, we will begin the application process. Our team will take care of everything, ensuring that your application is completed accurately and efficiently.

Submit Your Application

Step 4

Lastly, we will submit your mortgage application to the lender and collaborate with them to secure approval. Throughout the process, we will keep you updated and address any inquiries you may have.

Reasons to Choose us

Free Appointment in Newport

Accorion Arrow

Booking a free appointment with one of our mortgage advisors in Newcastle and surrounding areas is quick and easy with our online system. We are available seven days a week to answer any questions you may have, whether you are seeking mortgage advice, equity release, or insurance products.

Search 1000s of products

Accorion Arrow

Unlike the mortgage advisors at banks, who can only offer products from their own institution, our team has access to a panel of lenders, including those with specialist mortgage products. Furthermore, securing an appointment with a bank’s mortgage advisor can be challenging and frustrating, especially if you are actively looking at properties or ready to make an offer.

As professional mortgage broker in Newcastle and Newport with extensive knowledge and experience, we can help you compare deals from various lenders and find the right mortgage product for your unique situation.

Our Service

Accorion Arrow

We are very proud of the level of customer service we provide, doing what we can to make sure our customers are in safe hands from initial contact. Our genuine customer reviews are proof of our dedication, please feel free to give them a read!

Taking advantage of our free mortgage consultation will be incredibly beneficial to you; we look forward to you getting in touch!

7 Days a Week

Accorion Arrow

We work around you and your commitments, booking you in for whatever time suits you the best. There is always someone available to answer your mortgage questions 7 days a week. Our journey together is strictly confidential, protecting your details, ensuring you are comfortable and secure every step of the way!

We are very proud of the level of customer service we provide, doing what we can to make sure our customers are in safe hands from initial contact. Our genuine customer reviews are proof of our dedication, please feel free to give them a read

Taking advantage of our free mortgage consultation will be incredibly beneficial to you; we look forward to you getting in touch!

Malcolm and Amy Davidson - Mortgage Advice in Newcastle

Common Mortgage Questions in Whickham

Why use a mortgage broker in Whickham for purchase or remortgage advice?

Accorion Arrow

For those who are first-time homebuyers, seeking the assistance of a mortgage broker in Whickham is a common practice. Without prior experience, they may not know what steps to take. However, even if you have done this before and are moving homes or considering a remortgage, seeking the help of a mortgage broker can be highly advantageous. Our team of experts is dedicated to saving you time and money by finding the most suitable mortgage deal for your specific situation.

We work diligently on your behalf! Our extensive knowledge of lender criteria enables us to evaluate thousands of different mortgage products, striving to find a competitive rate that is ideal for your financial situation. If you are contemplating the possibility of remortgaging, we can also provide guidance. With various options available, such as raising capital for home improvements or paying off existing credit cards and loans, we can help you find the most suitable solution.

By contacting a mortgage advisor in Whickham you could potentially secure a much better deal. Our expertise allows us to find a mortgage deal that benefits you the most!

How does the free initial mortgage consultation work?

Accorion Arrow

Your initial mortgage consultation with us is completely free and will typically last between 30-60 minutes. During this consultation, you will have the opportunity to speak with a dedicated Mortgage Advisor in Whickham, who will take the time to understand your mortgage needs and financial situation. Their primary goal will be to find the most suitable mortgage deal for you, based on your personal circumstances.

How much deposit do I need in Whickham?

Accorion Arrow

In most cases, High Street Lenders will require a minimum deposit of 5% from you. However, depending on your credit history, the lender may request a higher deposit of 10% to 15%.

Can I get a mortgage with previous credit problems?

Accorion Arrow

Despite having a history of bad credit, it is still possible to obtain a mortgage. Although it may be challenging, it is not impossible!

If you have bad credit, you may need to provide a higher deposit, typically between 10%-15%. This demonstrates to the lender that you are committed to the mortgage and reduces their risk.

How does the mortgage process work?

Accorion Arrow

Our first step is to complete a mortgage Fact Find with you to gain an understanding of your specific mortgage requirements and the type of deals you are interested in.

Once we have completed the Fact Find, we will arrange for you to meet with a dedicated Mortgage Advisor in Newport, who will gather further information from you.

We will then arrange an Agreement in Principle for you within 24 hours, which will increase your chances of securing your desired property.

If you have found your dream home and are satisfied with our mortgage recommendation, we can begin the mortgage application process. However, it is important to note that a formal mortgage offer can take longer than three weeks. Throughout this time, we will keep you informed of the progress of your application.

When should I obtain an Agreement in Principle?

Accorion Arrow

As a trusted Mortgage Broker in Whickham, we highly recommend that our clients obtain an Agreement in Principle (AIP) as soon as possible. This can significantly increase your chances of being accepted by the seller while viewing properties. Additionally, having an AIP in place may provide an opportunity for price negotiation, giving you greater flexibility during the home-buying process.

How long does an Agreement in Principle last?

Accorion Arrow

Once you have obtained an Agreement in Principle (AIP), it typically remains valid for a period of 30-90 days. However, if your AIP has expired, you can easily renew it by contacting your dedicated Mortgage Advisor in Whickham. They will be able to guide you through the process and help you secure a new AIP as quickly as possible.

How long does the process take?

Accorion Arrow

During your initial consultation, which is free of charge, your dedicated Mortgage Advisor in Whickham will take approximately 30-60 minutes to understand your mortgage requirements and preferences. Once this is completed, we will aim to obtain an Agreement in Principle for you within 24 hours.

If you are satisfied with the recommended mortgage deal, we will proceed with the mortgage application process. Please be aware that the formal mortgage offer may take approximately three weeks to be approved and issued by the lender. However, we will keep you informed of the progress throughout this period.

What documents will I need to send?

Accorion Arrow

As part of your mortgage application, you will be required to provide several documents to evidence your financial situation. These typically include:
Proof of income, which may consist of your last two to three months’ bank statements or SA302 tax returns if you are self-employed.

Proof of deposit, which may include bank statements or a letter from a family member if they are gifting you the deposit.

Identification and proof of your current address, such as a passport or driving license and a recent utility bill or bank statement.

Your latest or current P60 to evidence your income.

Proof of rental income, if applicable, such as tenancy agreements or bank statements.

Your Mortgage Advisor in Whickham will provide you with a full list of required documents and guide you through the process.

Will I be able to get a second mortgage in Whickham?

Accorion Arrow

If you are self-employed and applying for a mortgage in Whickham, you will typically be required to provide at least one year’s worth of accounts as evidence of your income. This is because most lenders base their calculations on your salary plus dividends, although some may use your net profit instead.

It’s important to note that the specific requirements and calculations used by lenders can vary, so it’s always best to speak with a Mortgage Advisor in Whickham who can guide you through the process and help you find a lender who is likely to offer you the best mortgage deal based on your unique financial situation.

Are there fees involved in Remortgaging?

Accorion Arrow

Obtaining a second mortgage may actually be easier depending on the reason behind it. There are several possible motives for seeking a second mortgage, such as debt consolidation, home improvements, a buy-to-let mortgage, a second home mortgage, or dealing with the breakdown of a marriage or relationship.

How does the free remortgage consultation work?

Accorion Arrow

When you remortgage, the fees involved will be similar to those of your initial mortgage purchase. Your Remortgage Advisor in Whickham will provide a detailed breakdown of all costs and fees associated with the process, ensuring you are fully aware of what you are paying for.

Can I consolidate my debts into my mortgage?

Accorion Arrow

During your free consultation for Remortgage in Whickham, which typically lasts around 30-60 minutes, you will have the opportunity to speak with a dedicated Remortgage Advisor who will learn more about your Remortgage needs and situation.

With this information, the Advisor can then search for the perfect deal for you. It’s important to note that transparency is a key part of our service, and we will always be open and honest with you. If we can’t find you a better product, we will inform you of this in a transparent manner.

Additionally, we will run through all the associated costs and fees involved in the Remortgage process so that you have a clear understanding of what you are paying for.

Why should I bother to remortgage?

Accorion Arrow

While it is possible to consolidate your debts into your mortgage, it should only be done if it is necessary. Debt consolidation involves remortgaging and increasing the size of your mortgage to incorporate any unsecured debts that you may have. However, there are downsides to this approach, and it may be beneficial to speak to a professional Mortgage Advisor in Whickham before making a decision.

How much deposit do I need for a buy to let?

Accorion Arrow

It’s important to be proactive about Remortgaging and avoid slipping onto your lender’s standard variable rate (SVR) when your mortgage term ends. Lenders’ SVRs are typically not their best rates, so it’s a good idea to start searching for Remortgage or product transfer deals before your current deal ends. By doing so, you may be able to access a better mortgage rate and save money on your monthly payments.

Many people are able to obtain a better mortgage rate but are unaware of it, assuming that their payments are up-to-date. To find out if you can access a better deal, you can either shop around yourself or approach a Mortgage Broker in Whickham like us.

How much deposit do I need for a right to buy mortgage?

Accorion Arrow

To purchase a Buy to Let property in Whickham, you will usually need to provide a deposit of 20% to 40% of the property’s value. The average deposit required is typically around 25%.

How much deposit do I need for Help to Buy?

Accorion Arrow

As a Mortgage Broker in Whickham, we have observed that most lenders consider the council discount offered for the Right to Buy scheme as the deposit for the mortgage. However, in some cases, a deposit may still be required by the lender, especially if you have a poor credit history. This approach is more common with certain lenders.

We Search 1000s of Mortgages in Whickham

Fleet Mortgages
Paragon Mortgages
TSB Mortgages
Halifax
Bluestone Mortgage Advice
BM Solutions Mortgages
Chorley Building Society
Precise Logo
HSBC
Nationwide
Skipton
Pepper Money
Mortgage Works
Coventry Building Society
Santander
Natwest Mortgage Advice
Newcastle Building Society
Kensington Logo
Accord Mortgages
Aldermore Mortgage Lender
Beverley Building Society
Kent Reliance
Virgin Money & Mortgages
Leeds Building Society
Scottish Widows
Foundation Home Loans

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

Equity Release Council Logo Solla Later Life Logo
Facebook Image X Image Instagram Image YouTube Image LinkedIn Image SpotifyImage

Speak to an Advisor – It’s Free!
7 Days a Week, 8am – 10pm

Speak to an Advisor - It's Free Enquire Online 0191 432 9860
We use cookies to enhance your customer experience. More detailsGot It