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Fast & Friendly Mortgage Advice in Durham

7 Days a Week 8AM - 10PM

First Time Buyer

Remortgage

Moving Home

Buy to Let

Right to Buy

Self Employed

Help to Buy

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We love helping customers who really need Mortgage Advice in Durham - it's not just about finding a mortgage, we will hold your hand through the full process.

For your FREE mortgage consultation call 0191 303 9786 or Book an appointment online.

Book Online

For your FREE mortgage consultation call 0191 303 9786 or Book an appointment online.

Malcoms Image

We love helping customers who really need Mortgage Advice in Durham - it's not just about finding a mortgage, we will hold your hand through the full process.

Book Online

Mortgage advice
your way

First Time Buyer

Remortgage

Moving Home

Buy to Let

Right to Buy

Self Employed

Help to Buy

Specialist

What our customers say

Mortgage Broker in Durham | Mortgage Advice in Durham

Welcome to our mortgage website and online home of Durhammoneyman; an experienced, trusted and longstanding Mortgage Broker in Durham. Our team here will always strive to provide you with open & honest mortgage advice, all throughout the week from early until late.

 

Whether you are a First-Time Buyer in Durham searching for that perfect first home, an existing homeowner looking at your options for either Moving Home in Durham or are thinking of taking out a Remortgage in Durham, we truly believe that you will benefit from the bespoke and tailored service our mortgage advisors work hard to deliver.

 

Even if you are a current or budding landlord looking at your options and enquiring about Buy-To-Let Mortgage Advice, our dedicated Mortgage Advisors in Durham will be ready and waiting to help you achieve success in your property and any future portfolio additions.

Our Service

We will work hard to get past any and all hurdles that we can, in order to ensure you at least have a clear view of where you’re headed. There may not always be a solution, but our experienced and knowledgeable team will do their absolute best to provide some sort of alternative route for you.

 

Here at Durhammoneyman, a devoted Mortgage Advisor in Durham will take care of you and guide you through the whole process. They will dedicate their time into ensuring that you come out with a favourable outcome, hopefully with the perfect mortgage that is best suited to your personal and financial situations.

 

As an Experienced Mortgage Broker in Durham, we know all the tips and tricks on how to save your time and your money, just the way we all like it. Our Advisors make sure that you know what is going on throughout the whole process.

 

If there is anything you are unsure about, don’t hesitate to question it, they will explain everything to you that is going on. At the end of the day, all your advisor wants is for you to feel comfortable, secure and informed during the mortgage process.

 

To hear more about our Outstanding Customer Service, check out our online reviews from brilliant customers who have loved our fast & friendly mortgage advice service.

Mortgage Advice for New Purchases & Remortgage Advice in Durham

If you are a First-Time Buyer or you haven’t moved home in a while, we think that you would find our Mortgage Advice Service in Durham extremely useful. This is because a Mortgage Broker in Durham, like us, will sort out everything for you, making the home-buying process less stressful and much easier for you.

 

For current homeowners looking at their options for Remortgaging in Durham, we are able to search through thousands of mortgage deals for you to find the most suitable one for your personal situation. We often find that at Remortgage time, our customers like to discuss their potential options for Capital Raising, with popular scenarios including; raising money for home improvements and paying off credit cards and loans.

 

Delivering specialist advice in Durham is what we do best! It is always our goal to be open and honest, delivering a personalised, down to earth service that respects your needs and works hard to find a mortgage for your dream home. Get in Touch with a Mortgage Advisor in Durham today to take advantage of our Free Initial Mortgage Consultation.

Why use Durhammoneyman as your Mortgage Broker in Durham?

Here at Durhammoneyman, we are not tied to particular Estate Agents or Mortgage Lenders so we work solely for you! This means that your mortgage experience with us is more tailored to your individual situation and more personal, the best way to go!

Mortgage Advice for Complicated Situations

Having been in the mortgage business for years now, there is rarely a situation we haven’t come across before. So even if you feel like your situation is complicated, don’t hesitate to call your expert Mortgage Advisor in Durham.

 

You might be Self-Employed, a Company Owner, a Partner, a Contractor or on a probation period with a new employer and are finding it hard to get a new mortgage arranged. This is where an expert Mortgage Broker in Coventry, like us, will become incredibly handy.

Getting Mortgage Advice From Your Bank

We normally find that our customers have already approached their bank before they come to us for mortgage advice. Also, this will apply to you if you have had credit problems in the past. You could’ve been bankrupt, have a CCJ and/or had a poor credit score.

We Will Always Do Our Best To Help

We will search through thousands of both residential and Buy to Let mortgage deals on your behalf. Making sure we find you the most suitable mortgage for your situation.

 

We always recommend having a chat with your Mortgage Advisor, before viewing houses with Estate Agents. This is because an advisor will give you an idea of your budget and get you a Mortgage Agreement in Principle document ready so that you have support for any offers that you make.

 

A smart option with the mortgage process is to always get ahead of the game and get prepared. Speaking to a Mortgage Advisor in Durham will take away all of the stress of last-minute mortgage preparations. You want to be in a great ‘Mortgage Ready’ position to get ahead of potential competitors and home movers, who haven’t been as organised as you.

Mortgage advice in Durham – Options:

First Time Buyer Mortgage Advice Durham

We’re here to walk you through every step, from initial mortgage enquiry, right until you get the keys to your new home.

Moving Home Mortgage Advice Durham

Simply, wanting to know how much you can borrow on a new mortgage, what happens to your old one and how much this will cost?

Remortgage Advice Durham

Seeking a better mortgage deal, to reduce or extend the term, to add or remove a name, or raise money on your home?

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

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Common mortgage questions

Your free initial mortgage consultation will roughly last 30-60 minutes. During your consultation, you will get the opportunity to speak with a Mortgage Advisor in Durham. They will ask you some questions regarding your mortgage needs and personal and financial situation.

This will then allow them to go and search for the perfect mortgage deal for you. They will always try and pick out the deal that will benefit you most.

Typically, for a mortgage, you are going to need a minimum of 5% of the property’s purchase price. If you have had credit problems in the past, lenders may ask for a higher percentage. This could be anywhere between 10%-15%.

Firstly, we will get you to fill out our Fact Find to learn a little more about your mortgage situation. Then we will get you booked in for your free mortgage consultation to learn even more about your mortgage needs. After your consultation, we will arrange a mortgage Agreement in Principle for you within 24-hours.

Then it’s over to you to find your dream home and make an offer. Once you’re ready to proceed and you’re happy to take up the mortgage product that we’ve recommended, we can get your mortgage application prepared!

After your 30-60 minute free mortgage consultation, we will be able to search for mortgage products on your behalf. In the meantime we will also arrange an Agreement in Principle within 24-hours. When you are ready to make an offer on a proprty and want to take up our mortgage product, we will begin planning your mortgage application. Once your application is submitted, a formal offer will take about 3 weeks on average.

You will need to provide a variety of documents to support your mortgage application. You’ll be asked to hand in your photographic ID, bank statements, latest P60 and a couple more things.

If you’re Self Employed, you may need to provide 2 years of accounts’.

Just because you are Self Employed doesn’t mean that you can’t get a mortgage, although, it may be a little more difficult.

As a Self Employed mortgage applicant, you will have to submit at least one year’s accounts. Mostly, lenders will use your salary plus dividend to calculate the maximum mortgage amount that you’ll be able to borrow, whereas others will go off your net profit.

If you’ve suffered from bad credit in the past, you may be required to put down a higher deposit than usual. This could be somewhere between 10%-15% of the property’s purchase price.

We always recommend obtaining an AIP as soon as possible. Preferably, you want to have one in place prior to viewing houses in Durham. You may be allowed to negotiate prices if you have an AIP in place when you are viewing houses.

There a various reasons why someone may want a second mortgage. People may want to consolidate their debts into their mortgage, want to improve their home or journey into the world of Buy to Lets. Whatever your reason is for wanting a second a mortgage, you should get in touch with a Mortgage Broker in Durham like us.

Your Agreement in Principle should last around 30-90 days. This timeframe could change depending on the lender that you use. If your Agreement in Principle expires, you can easily refresh it by approaching a Mortgage Broker in Durham like ourselves.

Durhammoneyman.com & Durhammoneyman 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 Durhammoneyman

Durhammoneyman – Portland House, Belmont Business Park, Durham, DH1 1TW

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