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Welcome to our Mortgage Broker website in Sedgefield. Our trusted team of mortgage advisors are here to help you every step of the way, through your home purchase or remortgage.
We pride ourselves on our mortgage advice service so please feel free to look at our genuine customer reviews at Reviews.co.uk.
Unlike a lot of larger mortgage advice companies, we are a smaller and experienced team of friendly mortgage brokers, we are here to answer all your enquiries.
As your expert Mortgage Broker in Sedgefield, We can search thousands of mortgage products to find you the best deal based on your individual circumstances.
Whatever your personal mortgage situation, we’d love to try and help. Contact your Mortgage Broker in Sedgefield today for a free mortgage consultation in Sedgefield.
First Time Buyer Mortgage Advice in Durham
Moving Home Mortgage Advisors
Remortgage Advisors in Durham
Buy to Let Mortgages
Self Employed Mortgage Advice
Help to Buy Mortgage Advisor
Right to Buy Mortgage Advice
Specialist Mortgage Advice in Durham
We have only your interests at heart.
Durhammoneyman is authorised 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.
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.
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.
We’ll aim to make you feel relaxed and be open and honest – We’ll take away the stress.
Please read our genuine customer Reviews at Reviews.co.uk. Your service is really important to us!
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.
The fees involved with Remortgaging are similar to the ones involved when you started your current mortgage. There will be various different fees that you’ll need to consider when remortgaging, your Remortgage Advisor in Durham will run through these with you.
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.
For a Help to Buy mortgage in Durham, you are going to need a minimum of a 5% deposit. Your initial deposit amount will be topped up by the government to 25% total.
Whatever the amount is that they loan you, you will need to pay it back eventually. This loan will be interest-free for the first 5 years, then if you don’t manage to pay it off within these 5 years, you will start receiving interest on the loan starting at 1.75%.
Your free Remortgage consultation will roughly last an hour. During which, you’ll speak to a Remortgage Advisor in Durham and get a bigger picture of the remortgage process. They will ask you some questions to find out your remortgage needs and what your personal and financial situation is like.
After your consultation, they will search for the perfect remortgage deal for you. If they cannot find a better product, they will be open and honest with you and suggest that you stick to the same rate.
You can remortgage to consolidate debts into your mortgage if you have accumulated unsecured debts. However, this can increase your total mortgage amount as well as your mortgage payments each month, so you will have to make sure that you can afford to choose this option.
Consolidating debts into your mortgage can be an extremely specialist subject that could require help from an expert like ourselves. Get in touch for a free mortgage consultation.
Once you complete your fixed-mortgage term, you will fall straight onto your lender’s standard variable rate of interest (SVR). This rate is likely to come with a higher rate of interest than your current product, this is because lenders track the Bank of Englands rate plus their own percentage.
To avoid ending up on their SVR, you should think about remortgaging. Remortgaging could allow you to access a much better mortgage product with a competitive rate. We will consider your current product before recommending you a new remortgage deal.
For a Buy to Let mortgage, you are usually going to need a minimum of 25% of the property’s value. Lenders will vary with how much deposit they need but it’s typically anywhere between 20%-40%.
For your Right to Buy mortgage in Durham, you should receive a discount from the council that will often be used as a your deposit. However, not every lender will take this approach and may require you to put down a deposit as well as the discount. This all depends on your lender and whether or not you’ve had bad credit issues in the past.
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.