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Moving Home Mortgage Advice in Newcastle

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Taking the Stress Away From Moving Home in Newcastle

They say that moving home can be one of the most stressful experiences in life. However, with a mortgage broker in Newcastle on your side, we aim to take as much of the stress away as possible.

 

One of the main reasons why moving home can be a stressful ordeal, is that you have both a purchase and sale to complete at the same time. Although the paperwork and simultaneous completions will ultimately fall with your conveyancing solicitor. You will still have to secure your onward purchase as well as a buyer for your existing property within a time window.

 

If you are looking to move home in Newcastle, our experienced team can help ensure that your home buying process runs as smoothly as possible. We will be here to support you throughout the whole journey, answering any questions that you may have.

 

We can search through 1000’s of mortgage products to find you the best deal for your circumstances. If you are looking to move home in Newcastle, then please don’t hesitate to contact us. We offer all of our customers a free no-obligation mortgage consultation, our team are ready to help start your home moving journey.

How does it work?Get a quote nowMeet your advisor

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

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Moving Home Mortgage Advice in Newcastle

Whether you are relocating to Newcastle or looking to move within the city, our team of experienced mortgage advisors have helped many customers achieve their moving home goal.

Here are some popular home moving scenarios that our team come across.

How Much You Can Borrow & The Costs

Many customers contact us early in the process for mortgage advice in Newcastle. Usually, these customers are wanting to get an indication of how much they would be able to borrow, at what interest rates, and what their monthly repayments would be.

Need an Agreement in Principle

Once you have had your Free Mortgage Consultation, your advisor will then search 1000’s of products to find you the best deal. If you are happy with our recommendation, we can then proceed to get your mortgage agreed in principle. With your mortgage agreement in principle (AIP) in hand, you are then armed and ready to back up any offers that you would like to put forward on your ongoing purchase in Newcastle.

Your Offer on a New Home Has Been Accepted

If you have had your offer accepted on your new home in Newcastle, it is now back to your mortgage advisor to start your full mortgage application process. We can also help with the types of property surveys and recommend a conveyancing solicitor.

Having Trouble with the Bank

There are various reasons as to why your Bank or Building Society may decline your mortgage application. This could be because you didn’t meet the credit scoring criteria, or they simply will not lend you enough. Whatever the reason for your application being declined, it is still worth contacting a mortgage broker like ourselves, to explore specialist lenders.

 

We work with a range of lenders who offer specialist products which are tailored to clients that may have had credit issues in the past. Again, this will always come down to your individual circumstances and your credit file. Our mortgage advisors in Newcastle have extensive knowledge of these products and their criteria.

 

Above are the most popular reasons our customers reach out to us for mortgage advice when looking to move home. If you do not fall into any of these categories, then please don’t hesitate to contact us. There is rarely a situation that we haven’t come across, and our team will be happy to assist you.

Looking To Move Home in Newcastle? We can help.

If you are looking to move home, then our team of experienced mortgage advisors in Newcastle will be able to help look at your mortgage options. Working with you from your initial enquiry right through to getting the keys to your new home.

 

The team here at Newcastlemoneyman are very experienced with helping customers take that next step on the property ladder and there is rarely a situation that they haven’t come across.

 

All customers will receive a free no-obligation home mover’s review. As part of this review, we will look at what you are trying to achieve and make sure that this fits within your affordability. Looking at both your monthly payments and the maximum you could borrow.

 

Once we have taken some initial details and what you are looking to achieve during your free home movers review. Your mortgage advisor in Newcastle will then go away and search through 1000’s of products to find you the best deal.

 

If you are happy with our recommendation, we will then look to obtain your mortgage agreement in principle. This will back up any offers that you would like to make.

 

Then when you have found your new home in Newcastle and have had your offer accepted. The team will then process your full mortgage application, taking care of everything right through until completion.

 

It’s not just about finding you the best mortgage; we will be able to help with the various surveys available to you and help obtain conveyancing solicitor quotes. Further to your mortgage recommendation, your advisor will also recommend appropriate insurances to help cover your mortgage in any unforeseen circumstances.

 

We work solely for you and are not partnered with any estate agent, bank, or builder. Our team are ready to help you achieve your moving home goal, we look forward to hearing from you.

What our customers say

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.

We make it so easy!
Our 4 step process

Step 1

A telephone call where we can take some initial details and find out about your plan of action.

Step 2

Enjoy finding a property!

Step 3

Make an offer on the property you set your heart on – we’ll finalise your figures and help you to get a good deal.

Step 4

Our mortgage recommendation. We’ll try to find you the best mortgage deal. We’ll be there to support you, right through to you getting your keys.

A telephone call where we can take some initial details and find out about your plan of action.

Enjoy finding a property!

Make an offer on the property you set your heart on – we’ll finalise your figures and help you to get a good deal.

Our mortgage recommendation. We’ll try to find you the best mortgage deal. We’ll be there to support you, right through to you getting your keys.

Handy quick links

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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