What is bad credit for a mortgage in Newcastle?

It can be difficult to handle your finances, and failing to make timely payments can harm your credit score, which may result in a poor credit rating in Newcastle. The magnitude of the score drop depends on the number and nature of missed payments.

Can I remove a CCJ from my credit file in Newcastle?

If you receive a CCJ, you must settle it within a specific timeframe to erase it from your credit report. If you repay the outstanding balance within 30 days, the court can eliminate the CCJ from your credit file using the registry. However, if you fail to repay the due amount, the CCJ will remain on your credit report for six years.

When should debt consolidation in Newcastle be considered?

Many homeowners will remortgage in Newcastle to release equity from their homes. There are many reasons why you could raise capital, from funding for home improvements to giving a deposit to help a family member climb the property ladder. If you are struggling financially and every other avenue has been exhausted, then you might need to look at debt consolidation in Newcastle. Although a risky decision and not something to take lightly, remortgaging to release equity for debt consolidation purposes in Newcastle can be a way to combine your monthly expenses into another affordable monthly outgoing. Providing clear and transparent mortgage advice in Newcastle, we will review your circumstances and help you determine if debt consolidation in Newcastle is the most suitable option for you. You should think carefully before securing other debts against your home. By adding your unsecured debt to your mortgage, which is secured on your home, you may endanger your home if you can’t make the necessary repayments. Although the total monthly cost of servicing your debt may have been reduced, the total repayment cost may still have increased because the duration of your mortgage is longer than it may have taken to repay the original debts.

Specialist Mortgage Advice in Newcastle

Solutions for complicated mortgage situations in Newcastle

You might find the mortgage journey is not always smooth sailing, it can come with its ups and downs.

The good news is that our team can utilise their 20 plus years of industry experience to help you conquer any hurdles that may come with getting a mortgage. Our job is to find you a mortgage deal that is fitting for your personal and financial situation.

Within your mortgage appointment, your dedicated mortgage advisor in Newcastle will look at your affordability, reliability and credit file. In the case where we can’t offer you a lender’s high street products, our team can find you a better deal through a specialist lender.

We will recommend you to take a specialist product out if we feel that it will suit your financial situation. As well as this, it will increase our chances to be accepted. One drawback with having a specialist product is that the lender may request a larger deposit from you, this will be determined mainly by credit score.

Looking for specialist mortgage advice in Newcastle?

A benefit of using the services of a mortgage broker in Newcastle, like ourselves, is that we have access to a large panel of lenders including ones who offer specialist products. From this, we can look through these to find the right product for you. Over the years, we have helped customers with bad credit to get a mortgage that is fitting for their circumstances.

Getting declined by a high street lender could be down to a number of reasons and taking out a specialist product may be the most suitable solution for you.

In the case where you have been declined by a bank or building society, our team would advise you to stop applying. It can harm your credit score the more times you apply and get declined.

Take advantage of the free initial mortgage appointment we offer to customers by booking online and we will connect you with a specialist mortgage advisor in Newcastle.

Do you require a specialist mortgage advisor in Newcastle?

Newcastlemoneyman provides transparent and expert mortgage advice in Newcastle, helping clients determine the most suitable option for their financial situation, including debt consolidation.

Adding unsecured debt to your mortgage can increase the overall repayment cost, and securing other debts against your home should be carefully considered. Our team of expert mortgage advisors in Newcastle can provide personalized recommendations based on each lender’s unique criteria and our clients’ financial situations.

Obtaining an up-to-date credit report can help us better understand your situation during your free initial mortgage appointment and work towards achieving your mortgage goals.

Speak to an Advisor

Important information

Your home may be repossessed if you do not keep up repayments on your mortgage.

There may be a fee for mortgage advice. The fee is up to 1% but a typical fee is £495.

Common FAQs for Specialist Mortgages in Newcastle

Our Customers Love Us

5.00 Rating26 Reviews

Ahmed

Jason and Ruth been both amazing Great service, thank you

1 month ago

Hazel

very easy to deal with, helpful and gave good advice, handled remortgage on our behalf

2 months ago

Ahmed

Great service and support, they sometimes take time in replies, however, they kept me always informed and updated with next steps. Thank you Ruth and Jason

2 months ago

Craig

Very good Friendly and professional

3 months ago

Dawn

Can not fault this Mortgage Brokers. Connor was always there if I had any questions. My mortgage was dealt with super quick !! I felt totally at ease talking to him, 10/10 and would recommend to anyone who needs a Broker . Thanks so much .

7 months ago

Anonymous

Fantastic service provided by Matt C. We are first time buyers and have been well supported throughout our mortgage application.

7 months ago

Lorrin

Working with Chris at uk money man was such a breeze. Being not only a first time buyer but using the right to buy scheme can't be so confusing stressful. Chris completely removed all the worry for us,and stacey has been amazing getting us through...

8 months ago

Dale

Absolutely brilliant staff, I felt that they really cared and were very patient me. I honestly believe I probably would have never bothered to continue buying my house without the help of this firm. Very trustworthy and did exactly what they said...

8 months ago

Victoria

I have had an incredible experience with money man. The whole process from start to finish was so professional and helpful. My mortgage advisor Dinah went above and beyond for me and really reassured me as a first time buyer by explaining everything...

9 months ago

Jill

Excellent customer service - highly recommend

1 year ago

Paul

Professional service that was friendly and problem free - could not be faulted and is highly recommended for later life financial services.

2 years ago

Sikandar

Matt has been amazing. He not only found me the cheapest mortgage but also made sure that the offer is secured quickly. He remained in close contact advising me at every step of the process. He also helped me in negotiations with the vendor’s...

2 years ago

Anonymous

Helped us to find a reasonable deal but also requested a better one when the lender reduced their rates

2 years ago

Steven

Fantastic service and had our mortgage approved within a week of our first call! Chris and Jo were a pleasure to deal with and available to chat at a moment's notice, even at weekends. The process was incredibly smooth and any recommended parties...

2 years ago

Grace

Matt gave us really good advise, which helped to give us the confidence to proceed with purchasing our first home. Once we had an offer in we were quickly shown the best mortgages to apply for, life insurance/critical illness insurance, and we were...

3 years ago

Lois

Brilliant service as always. Thank you guys 🙏 🏡

3 years ago

Anonymous

Both Jason and Chole were very helpful in helping me and my partner secure a mortgage despite having trouble getting one in the past.

4 years ago

Michael

Great response and very friendly service. Very helpful.

4 years ago

Jacqueline

My experience with this company has been great and I highly recommend them. From the initial stages through to getting the offer, everyone I spoke with was informative, professional and friendly. Tom and Jonathan really helped with the initial...

4 years ago

Sunna

I have spoke to Arron today, I have received excellent customer service. He listened me carefully and answered all my questions promptly!! Good adviser.

4 years ago

Our Simple Mortgage Process

Free Initial Mortgage Appointment

Discuss the challenges you are currently faced with and what you are looking to achieve with a trusted mortgage advisor in Newcastle.

During your free initial mortgage appointment with a mortgage advisor in Newcastle, you will need to provide information about your income and expenses to determine your affordability.

We Can Search 1000s of Mortgage Deals

Although certain circumstances may limit your options, we will search through 1000 deals to find the most suitable solution for you.

Our next step is to obtain an agreement in principle, which can be used to support any purchase offers you make.

Submit Your Mortgage Application

Once you accept a purchase offer, your mortgage advisor in Newcastle will proceed to submit your full mortgage application and relevant evidence documents.

Throughout the process, your dedicated case manager will keep you informed until you receive your mortgage offer and complete your purchase.

Protecting You and Your Mortgage

Our service goes beyond merely obtaining the most suitable deal. We will also advise you on relevant insurance policies to safeguard you and your family financially.

We will contact you again when your mortgage is due for renewal to ensure that you are still on the most favorable deals.

Reasons to Choose us

Free Initial Mortgage Appointment

Customers are at the heart of Newcastlemoneyman. Our goal is to support you through the process and leave you feeling happy with your mortgage deal. We strive in providing open and honest Mortgage Advice in Newcastle and provide a helping hand throughout the process.

1000s of Deals

With a vast panel of lenders available to us, we can help you as a reputable Mortgage Broker in Newcastle with many of the lenders having unique lending criteria. We could help you find a product that is suitable for your situation.

Using their expert knowledge and experience, our Mortgage Advisors in Newcastle can recommend the most suitable mortgage product for the situation.

Our Service

If you are concerned about your credit score, it’s best to look at getting an up-to-date copy of your credit report. This will be helpful when it comes to your free initial mortgage appointment because you can have a better idea of your situation and see if we can help.