As expert providers of high quality Mortgage Advice in Hinckley, we find that there often isn’t a mortgage scenario that we haven’t come across during our time as a Mortgage Broker in Leicester and Hinckley. Through this time, we have helped various homeowners and home buyers in reaching their mortgage goals.
No matter if you are purchasing a property for the first time, moving into a new home in Hinckley or are looking to remortgage your family home, our advisors always strive for mortgage success. Of course these aren’t the only situations customers have access to. There are many different mortgage scenarios that you may come across throughout your mortgage process;
Here are some of the most popular overviews below.
For first time home buyers, the process can understandably daunting and you may not be sure of the right steps to take. This will be arguably the biggest financial commitment you ever make in your life.
As experienced mortgage advisors in Leicester & Hinckley, it’s our job to help you take your first steps onto the property ladder, providing mortgage advice for each step you take on the way to becoming a first time homeowner. From your primary mortgage appointment, until mortgage completion and beyond, we’re here to support you.
Perhaps you are currently investing in the property market, or maybe you’re completely new to it and looking to purchase a Buy to Let property. This is something we come across on a regular basis here at Leicestermoneyman. Buy to Let is always a popular choice amongst home buyers, as it can be very rewarding for landlords in the long run.
Our brilliant team of fast & friendly mortgage advisors in Leicester & Hinckley have a lot of experience in building relationships with landlords who enquire within, helping them to grow their property portfolios. This applies no matter if they are making a purchase in their name or with a SPV (Special Purpose Vehicle), perhaps using a Limited Company.
If you already own your own home, you will eventually be heading towards the end-point of your initial fixed-mortgage period. At this point, you may be wondering what to do next and start looking at the potential for a remortgage in Hinckley.
This may be a possible option for finding you a better deal, to release some equity to put towards home improvements, to raise some capital or for something else you’re looking to achieve. In any case, remortgaging is often popular for homeowners who have fond memories in their owned home and would rather remain living there than moving.
Self-employed mortgage applicants in Leicester & Hinckley may find that the most complex aspect of the mortgage process is evidencing your income. The reason for this is because you will need to prove that you have enough income being made consistently. Whilst this can be difficult, it does not make the mortgage process impossible.
Our team have a reputation for being able to help self-employed mortgage applicants find great mortgage deals. Your trusted mortgage advisor will take a look through your case, recommending a suitable mortgage product and advising on the best path for you to take. This hopefully allows you to have a much better chance of finding mortgage success.
If you already own your own home, either in or near Hinckley and are reaching the end of your initial fixed-period, you may be considering moving home. There are lots of reasons why a homeowner may decide that moving home is a much better choice for them than remortgaging.
Perhaps you need to make some space for an office or for growing your family? Maybe you are looking to find better living costs? Some may just want to change up the scenery they are surrounded with on a daily basis.
We are proud of our ability to give our customers top level of mortgage advice in Leicester & Hinckley. We know the moving home process can be very stressful, as you have to find a buyer, as well as finding your own new home. We will do our best to reduce your stresses and make the process a little easier for you.
As an open & honest mortgage broker in Leicester, we have been working hard in the world of mortgages for well over 20 years now. During this time, it is likely that our dedicated Mortgage Advisors in Leicester & Hinckley have come across most mortgage situations that may spring to mind initially.
Using our knowledge of the industry and combined team experience and determination, we will search high and low to find you the best mortgage deal. There is a lot to look at from our point of view, such as the current state of your credit file and affordability checks. We hope we can successfully help you out on your mortgage journey!
Our fantastic team of mortgage advisors in Leicester & Hinckley are here to answer all your mortgage queries and concerns. We work 7 days a week, from morning until late at night, to make sure all of our customers are provided a mortgage service that is available at convenient times, with appointments subject to availability.
We always want the best for you, no matter what your circumstances are. Let us take on the challenge of finding you the best deal!
If you need help with your mortgage needs, book an appointment to speak with a Mortgage Broker in Leicester & Hinckley today. Our team mortgage advisors in Leicester are here for you, providing expert mortgage advice in Hinckley.
From First Time Buyers, to home movers, to homeowners remortgaging, landlords and more, we are here to help and will do everything that we can to help you find the best deal for what you’re looking to achieve.
Book a free mortgage appointment or a free remortgage review today and speak with a dedicated mortgage advisor in Leicester and 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!
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.
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.
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.