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Moving Home Mortgage Advice in Durham

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We Take the Stress Away From Moving Home!

Are you a new home mover? Maybe you just haven’t moved in a while? Then you’ll find our mortgage advice service for home movers invaluable. Quite often, moving can be stressful and infuriating: we’re here to help things go as smoothly and calmly as possible!

 

 

We can search 1000s of mortgage products, to find you the best deal for your individual circumstances.

 

How does it work?Get a quote nowMeet your advisor

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

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Moving Home Mortgage Advice in Durham

People have gotten in touch to seek Mortgage Advice in Durham. They may be doing so for a number of reasons:

  • Type of property being purchased
  • Your income structure and employment type i.e. self-employed
  • Buying off, or with a family member
  • Buying undervalue
  • Bank declined or won’t lend enough
  • Poor credit

 

If this is the case, it is important that you do not keep trying lots of lenders without being 100% sure of their lending criteria as this will have a negative impact on your credit score and may well harm your chances of getting a mortgage altogether. We use our experience & knowledge to place your application with the most suitable mortgage lender, based on your situation.

 

If you fall into any of these categories or even something else, we will do all we can to help.

Why choose Durhammoneyman as your Moving Home Mortgage Broker?

  • We work for you! We are not linked to Estate Agents so will be open and honest with you.
  • It’s our job to make you feel relaxed and comfortable right from your initial enquiry to getting your keys – We pride ourselves on 5-star service!
  • See our genuine customer reviews at Reviews.co.uk.
  • Unlike your bank, we search 1000’s of first-time buyer mortgages to find the most suitable one for you.

 

It has been said that moving house is the third most stressful experience you can expect in your life, especially if you’re selling and trying to complete a new purchase at the same time. Our job is to use our knowledge & experience to take some of that stress off your shoulders.

 

Contact us to book your free moving home mortgage consultation.

What our customers say

Common mortgage
questions

Your free mortgage consultation in Durham will last round about one hour. We will then recommend a mortgage for you with no obligation for you to proceed and you can decide whether or not you wish to proceed with the mortgage.

As your mortgage broker in Durham, we carry out a Fact Find to establish your personal needs before we recommend the most suitable mortgage for you. 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.

To avoid possible disappointment, we recommend you obtain an Agreement in Principle before you begin viewing properties in Durham. At the very latest you should obtain one prior to making an offer to assist your bargaining position.

An Agreement in Principle typically lasts for between 30 and 90 days depending on the Lender used. If your Agreement in Principle expires it can always be refreshed.

It may be possible to get a second mortgage on your home for things like debt consolidation or Home Improvements. It may also be possible to take out a mortgage on a second property if you’re wanting to use it for yourself, a family member, a holiday home or a Buy to Let in Durham.

The minimum deposit when purchasing a house in Durham with High Street Lenders is typically 5%. This can be higher if you have had previous credit problems.

If you have had credit problems you can still get a mortgage but you may possibly be required to put down a higher deposit than usual, perhaps 15% of the property purchase price.

Once you have submitted at least one year’s accounts, you are able to get a mortgage. Most Lenders use your salary plus dividend to calculate the maximum mortgage, whereas others are known to go off your net profit.

It’s usually three payslips for an employee to prove income and the latest 2 years’ accounts for self-employed. You will also need to produce proof of ID, address and 3 months’ bank statements.

Our free consultation typically lasts up to an hour or so. We can turn round an agreement in principle within 24 hours. A formal mortgage offer takes about three weeks on average.

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We make it so easy!
Our 4 step process

Step 1

A telephone call where we can take some initial details and find out about your plan of action.

Step 2

Enjoy finding a property!

Step 3

Make an offer on the property you set your heart on – we’ll finalise your figures and help you to get a good deal.

Step 4

Our mortgage recommendation. We’ll try to find you the best mortgage deal. We’ll be there to support you, right through to you getting your keys.

A telephone call where we can take some initial details and find out about your plan of action.

Enjoy finding a property!

Make an offer on the property you set your heart on – we’ll finalise your figures and help you to get a good deal.

Our mortgage recommendation. We’ll try to find you the best mortgage deal. We’ll be there to support you, right through to you getting your keys.

Handy quick links

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.

© 2020 Durhammoneyman

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

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