Mortgage Broker in Leicester
Trusted Mortgage Advice in Leicester

As a mortgage broker in Leicester, our aim is to help you find a mortgage or remortgage deal that suits your personal circumstances. We take the time to understand your situation properly so we can match you with something that fits.

It all starts with a free mortgage appointment with one of our experienced mortgage advisors in Leicester. During this chat, we will gather key details about your finances and take a closer look at what you are hoping to achieve. From there, we begin searching through a wide range of mortgage products to find the right fit for you.

With access to thousands of deals and a clear view of what lenders are looking for, we will guide you through every stage of the process. From your first appointment through to getting your mortgage offer, we will be here to keep things straightforward and help everything move along smoothly.

It is a smart move to have your mortgage agreement in principle in place before you start viewing properties. An agreement in principle, or AIP, gives you a clear idea of how much you might be able to borrow. This helps you focus on homes that are realistically within your budget from the very beginning.

Having an AIP also puts you in a stronger position when making an offer. Sellers and estate agents in Leicester are more likely to take you seriously if you already have an agreement sorted, which can give you an edge over other buyers who have not taken that step.

Although an AIP does not guarantee full mortgage approval, it brings added confidence and helps move things forward more smoothly for everyone involved.

At Leicestermoneyman, we can arrange your agreement in principle within 24 hours of your first appointment. Get in touch with our team and we will help you get everything set up quickly and efficiently.

When you apply for a mortgage agreement in principle, also known as a decision in principle, most lenders will run a soft credit check. A soft check does not show up on your credit file and does not affect your credit score, so you can usually go ahead without any concern.

Some lenders, though, may carry out a hard credit check as part of the process. This type of check does leave a mark on your credit report. While a single hard check is unlikely to cause a noticeable drop in your score, having several checks done in a short space of time could have a negative impact on your credit rating.

That is why it is best to apply for an agreement in principle when you are ready to take the next step.

Taking out a second mortgage on your home can give you more flexibility when it comes to managing your finances. It can be used for a range of purposes, depending on your needs and circumstances.

You might be thinking about consolidating existing debts, funding large home improvements, or investing in another property such as a buy to let or holiday home. A second mortgage allows you to borrow against the equity in your current property, giving you access to extra funds while keeping your existing mortgage in place.

This can open the door to new financial opportunities. Whether you want to expand your property portfolio or improve your current home, our team of mortgage advisors in Leicester is here to help you explore your options and take the next step.

When applying for a mortgage in Leicester, most lenders will ask for a deposit of at least 5 percent of the property’s value. If your credit history is not quite perfect, you may need to provide a higher deposit, depending on the lender’s criteria.

While 5% is often the minimum, saving a larger deposit can put you in a stronger position. It usually means you will need to borrow less and may give you access to more competitive mortgage deals.

There are also ways to help increase your deposit. For example, you may be able to use a gifted deposit from a family member to support your application. With a solid savings plan and the right advice, you could be one step closer to getting the keys to your new home in Leicester.

Saving for a deposit on your first home in Leicester takes some planning and discipline. Creating a clear budget and reducing any unnecessary spending can help you build up your savings more quickly.

It is also worth looking into schemes that could support your journey, such as Right to Buy if you are eligible, which may allow you to purchase your home at a discounted price. First-time buyers can also benefit from high-interest savings accounts or ISAs designed to boost your deposit more efficiently.

Taking focused steps now can put you in a much better position when the time comes to apply for a mortgage and move into your new home in Leicester.

Having credit issues in your past does not mean you cannot get a mortgage in Leicester. While you may need to provide a larger deposit than someone with a clean credit history, there are lenders who specialise in supporting buyers with less-than-perfect credit.

Showing that you have taken steps to manage your money responsibly and address previous credit issues can help improve your chances of being approved. Our mortgage advisors in Leicester are here to talk through your situation and help you explore the options that may be available to you.

Being self-employed in Leicester does not stop you from getting a mortgage. If you can provide at least one full year of accounts, many lenders will consider your application and work out how much they might be able to lend based on your income.

When assessing a self-employed mortgage, lenders will usually review your salary, dividends, or net profit, depending on how your business is set up. This gives them a clear view of your earnings and helps them decide what mortgage amount they can offer.

Our mortgage advisors in Leicester have plenty of experience working with self-employed customers. We are here to guide you through the process and help you find a mortgage that works for your situation.

Yes, it is possible to get a mortgage in Leicester even if your credit score is on the lower side. It might make things a bit more complex, but there are lenders who consider applications from people with less-than-ideal credit histories.

Every case is different, so your eligibility will depend on your overall financial situation and how you have managed credit more recently. In some situations, specialist lenders may be the best route forward.

When you first speak with a mortgage broker in Leicester, we will start by talking through the basics. This includes your income, your job, and what you are hoping to achieve with your mortgage. Your mortgage advisor in Leicester will also be there to answer your questions and give you an early idea of how much you might be able to borrow, along with what the costs could look like.

As the application moves forward, we will complete a full fact-find to better understand your situation. This involves gathering details like your address history, employment background, family setup, and your plans for the new property.

You will also need to provide a few important documents, including proof of ID, recent bank statements, and evidence of your income. A credit check will be carried out by the mortgage lender to help us find a deal that suits your circumstances.

Working with a mortgage broker in Leicester like ourselves, can make your mortgage journey feel much more manageable. With access to a wide range of lenders and thousands of deals, our experienced mortgage advisors in Leicester can search the market on your behalf to find something that fits your situation.

When you go directly to a single bank, you are limited to their own range of products. These might not always offer the best rates or terms for your needs. By choosing Leicestermoneyman, you benefit from more choice, including access to deals you would not be able to find by going direct.

This allows us to tailor our advice around your goals and help you move forward with a mortgage that suits you.

Rest assured, the decision to accept our recommendation is entirely yours. Should you wish to explore other mortgage options, we’re more than willing to accommodate your preferences.

When it comes to checking your credit report, there are various credit reference agencies available, such as Experian and Equifax. That being said, we recommend CheckMyFile for its comprehensive overview, consolidating information from multiple agencies.

With a free 30-day trial and a subsequent monthly fee of £14.99, you can cancel anytime. By using the provided link, you’ll receive a free instant PDF download of your credit report.

Try it FREE for 30 days, then £14.99 a month – cancel online anytime.