Specialist Mortgage Advice in Durham

Our panel consists of numerous specialist mortgage lenders, each with their own unique lending criteria. Our trusted mortgage advisors in Durham leverage their extensive knowledge and experience to recommend the most suitable deal for our customers based on their specific situation and the lenders’ criteria.

If you have any questions regarding your credit score, we recommend getting an up-to-date copy of your credit report. This documentation will come in handy during your free initial mortgage appointment. It helps give our mortgage advisors in Durham a better understanding of what you’re looking to achieve and steer us in the right direction to find you the most suitable recommendation.

If you have any inquiries regarding your credit score, we strongly suggest obtaining an up-to-date copy of your credit report. This documentation will prove beneficial during your complimentary initial mortgage appointment. It provides our mortgage advisors in Durham with a better understanding of your objectives and guides us in finding the most suitable recommendation for you.

A property down valuation occurs when a property survey reveals that the offer you made exceeds the market value of the property.

In such cases, your lender may withdraw from the deal. However, the situation can change if you can bridge the gap between your offer and the property’s actual value.

Planning for the future together can be both exciting and challenging, especially when your relationship becomes strained, and you are both tied to a mortgage.

If you are going through a divorce or separation, it is crucial to address the situation as promptly as possible. We recommend seeking resolution and clarity to avoid complications in the future.

At times, you may find yourself in a situation where you need to remove either your name or your ex-partner’s name from your mortgage, similar to circumstances involving divorce or separation.

Depending on your financial stability, you may have limited options, as your affordability now relies solely on a single income instead of two.

If you are married and considering obtaining a mortgage for a home shared with your partner, mortgage lenders generally prefer both applicants to be named on the mortgage. However, it is possible to secure a mortgage in one name.

The Shared Ownership Scheme offers a convenient solution by allowing applicants to acquire a mortgage for a partial share, typically ranging from 25% to 75% of the property. The remaining share is usually owned by the local authority. In terms of repayments, you will make monthly rent payments in addition to your mortgage repayments.

Professional mortgages are specifically designed for individuals in particular lines of work. It represents a unique and specialist segment of the mortgage market. To learn more about professional mortgages, it is advisable to consult with Specialist Mortgage Advisors in Durham, who can provide you with detailed information tailored to your specific needs.

Professional mortgages are specifically available for individuals in specific lines of work, representing a remarkable niche within the mortgage market. Due to the nature of these mortgages, it is recommended to consult with specialist mortgage advisors in Durham for comprehensive information regarding professional mortgages.

If you are considering obtaining a mortgage for multiple properties, it is crucial to demonstrate your financial stability to the lender. This showcases that your income is sufficient to cover the associated costs. Fortunately, we can assist you in preparing for this process.

Holiday lets operate similarly to Buy-to-Let Mortgages, with the key distinction being that your property may not always be occupied during periods of low demand. In such situations, lenders require confidence in your ability to make repayments consistently, whether or not the property is rented out.

New builds often come with a slightly higher price tag compared to older properties, but many argue that they are worth the investment. If saving up for a deposit on your primary residence proves challenging, you may be eligible for one of the UK Government’s Help to Buy Schemes, which aim to assist you in stepping onto the property ladder.

If you are seeking a mortgage for a non-standard property, which refers to properties constructed using materials other than traditional bricks or mortar, it is advisable to consult with a specialist mortgage advisor in Durham. We highly recommend obtaining a comprehensive structural property survey when considering the purchase of a non-standard property.

HMO properties, typically purchased for let purposes with 4-6 tenants, are commonly utilized as student accommodations. If you are eligible and interested in obtaining an HMO mortgage, seeking mortgage advice in Durham can provide you with the necessary assistance.

If you have accumulated equity in your property, you may have the option to release a portion of it as cash through a lifetime mortgage. We recommend speaking with a specialist mortgage advisor in Durham if you are 55 years of age or older and wish to explore this option.

An Offset mortgage combines a savings account with your mortgage. This type of mortgage allows you to benefit from competitive mortgage products and interest rates. It is a suitable approach worth considering, and we can provide you with guidance and information on Offset mortgages.