A Mortgage Advisor you can Trust
Welcome to our website, your expert Mortgage Broker in Hinckley. Our trusted team of mortgage advisors are here to help you every step of the way, through your home purchase or remortgage. If your situation is more complicated then rest assured you are in safe hands, it isn’t often there is a situation we have not come across before.
Speak to your expert Mortgage Broker in Hinckley today and receive a free mortgage consultation.
All Mortgage Situations Considered
First Time Buyer Mortgage Advice
Moving Home Mortgage Advisors
Remortgage Advisors
Buy to Let Mortgages
Self Employed Mortgage Advice
Help to Buy Mortgage Advisor
Right to Buy Mortgage Advice
Specialist Mortgage Advice
Why Us?
We have only your interests at heart.
Leicestermoneyman is authorized and regulated by the Financial Conduct Authority.
We are able to search 1000’s of mortgage deals on your behalf.
Our advisors have experience dealing with various mortgage situations.
We stay up to date with all lending criteria.
We offer all customers a free initial mortgage consultation.
We search 1000s of mortgage deals across a large number of lenders, including:
How do I transact with my Mortgage Broker in Hinckley?
You’ll benefit from a free initial mortgage consultation with one of our experts. Out of hours mortgage advice isn’t a problem, we have in-house mortgage advisors working until late to take your mortgage enquiries. Give us a call, we may be able to help!
Why shouldn’t I go to my bank for Mortgage Advice in Hinckley?
The banks’ mortgage advisors are only able to offer products from one lender – Themselves. Their mortgage advisors can also be rather hard to get an appointment with, so if you’re actively looking at properties or are ready to offer this can be very frustrating. Seeking advice from a professional mortgage broker can also work in your favour, as we can compare deals. We have a large number of mortgage lenders on panel, some with very specialist mortgage products available. Worry not, we have a lot of experience and knowledge in providing mortgage advice to customers with a variety of situations.
My bank turned me down – Will you be able to get me a mortgage?
Quite often, customers that contact us for mortgage advice have been turned away by their bank for reasons such as income types, credit score, property type and the bank won’t lend enough. More often than not, we are able to help with this.
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We’ll help and support you anytime you need us, 7 days a week! The home buying process isn’t always easy, we’ll help you over any hurdles you face.
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We’ll aim to make you feel relaxed and be open and honest – We’ll take away the stress.
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Please read our genuine customer Reviews at Reviews.co.uk. Your service is really important to us!
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Mortgage advice is available morning, evening or at the weekend. We’re here at a time that suits you and your family.
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We’re not like a bank – We’re able to search 1000’s of mortgage deals in order to recommend the best one for you!
Common Mortgage Questions
You will need to put forward at least 5% of the sale price of your new build property in Leicester. The Government will then loan you an additional 20% of the value of the property to make this up to 25%. You must remember though, that this is absolutely just a loan and you will need to pay this back eventually.
A vast majority of lenders will use the discount as a deposit for your mortgage. That being said, there are some lenders of whom will still require you to put down a deposit of your own in addition to this discount. This is sometimes the case if you have had problems with your credit. Our Mortgage Advisors in Leicester will be able to help answer your right to buy mortgage & deposit questions.
The minimum required deposit for a buy to let mortgage in Leicester is typically around25% of the property value. This number, however, can vary between 20%-40%.
If you are on your lenders SVR (Standard Variable Rate of Interest), you may increase your chances of saving money. Your dedicated mortgage advisor in Leicester will compare the new products available against your current mortgage deal to work out these savings for you. If you have any existing equity in your property, a remortgage in Leicester would also allow you to release some of this money. We often see a Remortgage to Release Equity as a means to fund home improvements.
You can Remortgage and increase the size of your mortgage to pay off any unsecured debts that you may have. Please do not rush into this though as there are some downsides. You should always seek Mortgage Advice in Leicester before consolidating any debts you have!
The duration of your free remortgage consultation in Leicester will be about 1 hour. Your advisor will compare a new deal vs your current product and recommend the most suitable one for you. You can then decide whether you wish to go ahead or not.
The fees required for your remortgage will be similar to the fees you faced when taking out your current mortgage. That being said, your dedicated Mortgage Advisor in Leicester will still run through all of the fees with you and take them into consideration when comparing the savings of the new deal vs your current mortgage.
Your free mortgage consultation in Leicester will last for about one hour. Your advisor will then recommend a mortgage for you and you can decide whether or not you wish to go ahead with it.
As your Mortgage Broker in Leicester, we will carry out a Fact Find to determine your needs prior to recommending a mortgage that is the most appropriate. A credit check is then required for an Agreement in Principle. Once you have provided all the relevant documentation and a valuation of the property has been undertaken, a formal mortgage offer can be issued.
We recommend that you obtain an Agreement in Principle ahead of viewing properties in Leicester, to avoid any potential disappointment. At the very latest we believe you should obtain one prior to making an offer to help with your bargaining position
An Agreement in Principle will usually last for between 30 and 90 days depending on the Lender. If your Agreement in Principle expires it can always be refreshed with the assistance of your mortgage advisor.
You may possibly be able to get a second mortgage on your home for debt consolidation or Home Improvements. The usage of a second mortgages extends to using it for yourself, a family member, a holiday home or a Buy to Let in Leicester.
To purchase a house in Leicester, the minimum required deposit with High Street Lenders is usually around 5%, but this can be higher if you have had credit problems in the past.
If you have had problems with your credit, you can still get a mortgage, however, you may need to put down a higher deposit than usual, often 15% of the purchase price.
You are able to get a mortgage once you have submitted at least one year’s accounts. Most Lenders use your salary plus dividend to calculate the maximum mortgage amount you can borrow, whereas others go off your net profit.
To prove your income amount, it’s usually the latest three payslips for an employee and the latest 2 years’ accounts for self-employed. On top of this, you will need to produce proof of ID, address and 3 months’ bank statements.
Our free consultation will usually lasts up to an hour or so. Your mortgage advisor can turn around an agreement in principle within 24 hours of this consultation and a formal mortgage offer takes about three weeks on average in Leicester.
