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Mortgage Broker in Whitley Bay

& 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 Whitley Bay

& 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 Whitley Bay

Our aim is to support you throughout your mortgage journey, from your initial inquiry to securing the best deal that fits your financial and personal circumstances. Once we have identified the ideal mortgage package, we will proceed to prepare your application.

With over 20 years of experience, we have assisted a diverse range of clients, including first-time buyers, home movers, local landlords, and self-employed individuals. This has provided us with valuable insights into the nuances of different mortgage types and the intricate challenges that may arise. We pride ourselves on tackling complex cases and striving to secure the most favourable mortgage offer for you.

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Popular Mortgage Scenarios in Whitley Bay

All of our customers receive a free mortgage appointment!

Our priority is to simplify the home buying process and make it as effortless as possible for you. Our team achieves this by meticulously breaking down every aspect of each stage of the process. Our Mortgage Advisors in Whitley Bay possess extensive knowledge and expertise and are dedicated to helping you navigate the mortgage journey.

All you need to do is reach out to our team via phone or by booking a complimentary mortgage appointment online. We take pleasure in assisting a diverse range of buyers, and regardless of your situation, our goal is to guide you through the mortgage process with ease.

Our Reviews

Popular Mortgage Scenarios in Whitley Bay

First Time Buyer in Whitley Bay

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As a Mortgage Broker in Whitley Bay, we specialise in assisting first time buyers in Newcastle and the surrounding areas who aspire to step onto the property ladder. Starting this journey can be daunting, especially if it’s your first time. Hence, we are here to provide you with a helping hand.

Initially, we will assess your affordability for a mortgage in Whitley Bay by calculating how much you can borrow. This evaluation will aid us in determining the most suitable mortgage products to search for on your behalf. It’s worth noting that your Mortgage Advisor in Whitley Bay will only consider deals that align with your financial and personal circumstances.

If you require first-time buyer Mortgage Advice in Whitley Bay, you can book a complimentary mortgage appointment, call our team, or peruse our first time buyer mortgage guides.

Moving Home in Whitley Bay

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If you are moving home in Newcastle or the neighbouring regions, chances are you have been through this process before. If you recall your previous experience, you may remember how daunting it can be, especially since this time around, you also have to consider selling your property.

At times like this, you can rely on our experienced Mortgage Advisors in Whitley Bay to assist you in obtaining a new mortgage or, if possible, porting your existing mortgage to your new property. While you search for your new home, we will take care of the mortgage aspect, allowing you to relax and enjoy the house-hunting process.

Buy to Let in Whitley Bay

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Our expert mortgage advice service is ideal for both new and existing buy-to-let landlords. As a Mortgage Broker in Newcastle, we have built many strong relationships with local landlords over the years and would be delighted to work with you next.

With several different types of lenders on our panel, each offering a range of buy-to-let mortgage products, we can search through thousands of buy-to-let mortgages in Newcastle and the surrounding areas to find the most suitable one for you and your property. Moreover, we will factor in your personal and financial circumstances when selecting a product.

It is worth noting that typically, a 20% deposit is required for a buy-to-let mortgage in Whitley Bay.

Remortgaging in Whitley Bay

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When nearing the end of your fixed mortgage term, it’s essential to consider remortgaging. Remortgaging in Newcastle involves ending your current mortgage deal and opting for another one. You’re not limited to the same lender, and you can explore other options for better deals. That’s where we come in – our role is to help you find the best and most competitive remortgage deal that caters to your unique circumstances. We’ll scour the entire market to locate a mortgage product that aligns with your requirements.

The frequency of remortgaging may depend on the terms of the initial deal you took out, typically ranging from 2 to 5 years. Nevertheless, we’ll always be available to assist you when it’s time to remortgage.

If you’re self-employed in Whitley Bay, the mortgage process remains similar, except you may need to provide additional evidential documents to support your income and affordability.

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Our Simple 4-Step Process

Book Online

Step 1

Book your free mortgage appointment in Whitley Bay. We will match you with a Mortgage Advisor in Whitley Bay based on the information you provide.

Free Mortgage Apppointment

Step 2

During your free mortgage appointment, your Mortgage Advisor in Whitley Bay will gather some information from you to determine which types of mortgages you might be eligible for.

Finding a Suitable Product

Step 3

We will provide you with a mortgage suggestion. The decision to proceed with the recommended deal is entirely up to you.

Submit Your Application

Step 4

We can assist you in preparing your mortgage application and ensuring it is ready for submission. After that, all you have to do is wait!

Reasons to Choose us

Free Appointment in Whitley Bay

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Getting mortgage advice in Newcastle and Whitley Bay has never been easier with our modern appointment booking system. You are able to book a mortgage appointment in real-time and select a date and time that suits your day-to-day schedule.

Search 1000s of products

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We have a wide variety of lenders on our panel, offering both high street and specialist products that we can access. Our goal is to find the most suitable deal for you and your new home.

Our Service

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We prioritize transparency in our services. Our advisors strive to locate the best deal that aligns with your financial situation, and if they are unable to find a better option, they will inform you. Our belief is that you should receive advice that serves your best interests.

Our mortgage advice service has garnered appreciation from numerous satisfied customers, as demonstrated by our outstanding reviews. Right from your initial contact, we aim to make you feel at home and comfortable throughout the entire process.

7 Days a Week

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Moreover, we are at your service 7 days a week, making it convenient for you to contact us at a time that fits your schedule the best.

Rest assured, your personal Mortgage Advisor in Whitley Bay and a dedicated case manager will be available to assist you throughout the entire process.

Malcolm and Amy Davidson - Mortgage Advice in Newcastle

Common Mortgage Questions in Whitley Bay

Declined by your Bank in Whitley Bay?

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If you have faced rejection from your bank, it may be time to consider seeking Mortgage Advice in Whitley Bay. Continuously applying for products and getting turned down can seriously damage your credit score, which could in turn affect your chances of getting approved for a mortgage.

We require an up-to-date copy of your credit report at the start of the mortgage process. This provides us with insight into your credit rating and financial management habits.

If you’re struggling to get started with the mortgage process, don’t hesitate to contact our team. We are a Mortgage Broker in Whitley Bay, and our goal is to help you. You can schedule a free mortgage consultation online or reach out to us with any questions via phone or email. The choice is yours!

How does our free initial mortgage consultation work in Whitley Bay?

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During your free initial mortgage consultation, which usually lasts between 30-60 minutes, you will have the opportunity to speak with your designated Mortgage Advisor in Whitley Bay. Their primary objective will be to gain a better understanding of your individual mortgage requirements and financial situation in order to find the ideal mortgage deal tailored to your specific needs.

How much deposit do I need in Whitley Bay?

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In general, High Street Lenders will request a 5% deposit from you, but depending on your credit history, they may require 10%-15%.

Can I get a mortgage with bad credit in Whitley Bay?

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Although it may be more challenging, obtaining a mortgage with a history of bad credit is still possible. A higher deposit of 10%-15% may be required in some cases. Don’t lose hope, as our mortgage advisors are here to help you through the process.

How does my mortgage process work in Whitley Bay?

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Your first step is to complete our mortgage Fact Find, which will help us understand your mortgage needs and preferences.

Once we have reviewed your Fact Find, we will schedule a meeting with a Mortgage Advisor in Whitley Bay, who will gather additional information from you.

We can then obtain an Agreement in Principle for you within 24 hours, which can increase the likelihood of the seller accepting your offer.

If you have found your dream home and are satisfied with our mortgage recommendation, we can initiate the mortgage application process. Please note that a formal mortgage offer may take longer than 3 weeks, but we will keep you informed of your application’s progress.

When should I obtain an Agreement in Principle?

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As a Mortgage Broker in Whitley Bay, we highly recommend obtaining an Agreement in Principle (AIP) as early as possible. Having an AIP when viewing properties can improve your chances of being accepted by the seller and may even provide an opportunity for price negotiation.

How long does an Agreement in Principle last?

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Once you have an Agreement in Principle (AIP) in place, it typically lasts between 30-90 days. In case your AIP expires before you find the right property, don’t worry! You can easily renew it by contacting your Mortgage Advisor in Whitley Bay.

How long does the process take?

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Firstly, your free mortgage consultation will typically last for 30-60 minutes. Once this is done, your Mortgage Advisor in Whitley Bay will aim to secure an Agreement in Principle (AIP) for you within 24 hours. If you decide to proceed with the recommended deal, we can then submit your mortgage application. The process of obtaining a formal mortgage offer can take up to three weeks on average.

What documents will I need to send?

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As part of your mortgage application, you will be required to provide supporting documents as evidence. These may include:

  • Recent bank statements (covering the last 2 to 3 months) or SA302 tax returns if you are self-employed to prove your income.
  • Proof of deposit.
  • Proof of identification and current address.
  • Latest or current P60.
  • Proof of rental income, if applicable.

I'm self employed in Whitley Bay, can I get a mortgage?

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During the mortgage application process, self-employed individuals in Whitley Bay will typically need to provide at least one year’s worth of accounts. As a mortgage broker in Whitley Bay, we have found that many lenders will use a combination of your salary and dividends to determine the maximum amount you can borrow. However, some lenders may base their calculations on your net profit instead.

Will I be able to get a second mortgage in Whitley Bay?

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Obtaining a second mortgage may actually be easier depending on the reason for wanting one. There are various reasons why someone might consider a second mortgage, such as debt consolidation, home improvements, buying a second home, going through a marital or relationship breakdown, or investing in a buy-to-let property.

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Foundation Home Loans & 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

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