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Specialist Mortgage Advice in Durham

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7 days a week, 8am - 10pm

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Specialist Mortgage Advice in Durham

Specialist mortgage advice in Durham tailored for your financial situation.

0191 303 9786

We look at solutions for specialist mortgages in Durham for complex situations.

In the event that your mortgage application has been rejected by your bank or building society, it signifies that you do not meet their lending criteria, even if you possess the necessary documentation and can demonstrate your ability to afford the mortgage payments.

We understand that no homebuyer desires to have their application turned down. That’s why, at Durhammoneyman, our dedicated team of mortgage advisor in Durham is committed to investing the necessary time to comprehend your goals and strive to locate the most appropriate mortgage option that suits your specific circumstances.

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Specialist Mortgage Advice in Durham

Our service may benefit you when looking for specialist mortgage advice in Durham.

Our extensive network of mortgage lenders provides a diverse range of options tailored to meet the unique needs of different homebuyers and their mortgage situations.

When you have specific objectives that require a more intricate approach, having the support of a specialised mortgage broker in Durham can greatly benefit you. We are dedicated to thoroughly exploring thousands of available deals in order to identify the most fitting mortgage solution for your specific circumstances.

What is bad credit for a mortgage in Durham?

Effectively managing your finances can present difficulties, as late payments possess the potential to negatively impact your credit score. This, in turn, can lead to a less favourable credit rating, especially when seeking a mortgage in Durham. The extent of the impact on your score hinges on the quantity and nature of the missed payments.

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FAQs for Specialist Mortgages in Durham

Can I remove a CCJ from my credit file in Durham?

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When you receive a County Court Judgment (CCJ), it is crucial to repay the outstanding amount within a specified timeframe to ensure its removal from your credit report. Resolving the balance within 30 days enables the court to eliminate the CCJ from your credit file through the registry. However, if the payment is not made, the CCJ will remain on your credit report for a duration of six years.

When should debt consolidation in Durham be considered?

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In Durham, a significant number of homeowners choose to remortgage their properties to access the equity they have accumulated. There are various reasons why you might require additional funds, such as financing home improvements or providing support to a family member in their property ventures.

If you find yourself facing financial difficulties and have exhausted all other options, considering debt consolidation in Durham could be a viable solution. While it is a decision that carries risks and should be approached with caution, remortgaging to release equity for debt consolidation purposes can help you consolidate your monthly expenses into a more manageable payment.

At Durhammoneyman, we are committed to providing clear and transparent mortgage advice in Durham. Our team will thoroughly evaluate your circumstances and assist you in determining whether debt consolidation is the most suitable option for your needs.

You should think carefully before securing other debts against your home. By adding your unsecured debt to your mortgage, which is secured on your home, you may endanger your home if you can’t make the necessary repayments.

Although the total monthly cost of servicing your debt may have been reduced, the total repayment cost may still have increased because the duration of your mortgage is longer than it may have taken to repay the original debts.

Do you require a specialist mortgage advisor in Durham?

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At Durhammoneyman, we have a team of expert mortgage advisors in Durham who have access to an extensive range of specialist deals. Each lender has their own unique criteria for mortgage lending, and our aim is to identify the most suitable deal for your specific personal and financial circumstances.

If you have concerns about your credit score, it is advisable to obtain an updated copy of your credit report. This information will prove valuable during your complimentary initial mortgage appointment, as it enables us to gain a deeper understanding of your situation and explore various ways to assist you in achieving your mortgage objectives.

With a commitment to providing clear and transparent mortgage advice in Durham, we will carefully review your circumstances and help you determine if debt consolidation in Durham is the most appropriate choice for you.

Complex Mortgage Situation in Durham?

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We have successfully assisted numerous customers who faced last-minute rejections from high street banks due to the perceived complexity of their applications. It is unfortunately not uncommon for applicants to invest weeks in the mortgage application process, only to be rejected for reasons that should have been identified by the bank’s mortgage advisor at the outset.

This frustrating situation results in wasted time, money, and heightened stress. Without a clear understanding of the lending criteria prior to submitting your application, you risk compromising your chances of mortgage approval. In certain circumstances, the process can indeed be complex.

We want to assure you that we possess extensive experience in dealing with clients facing similarly “complex” situations, and we would be delighted to assist you. To speak with a mortgage advisor in Durham, you can easily book your free mortgage appointment online or contact us via phone.

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Our Simple Mortgage Process

Free 30-Minute Mortgage Appointment

Step 1

Are you currently facing challenges related to your mortgage and seeking guidance from a trusted mortgage advisor in Durham? We understand your concerns and are here to provide the assistance you need to achieve your goals.

During your complimentary mortgage appointment with our knowledgeable mortgage advisor in Durham, we will carefully gather details about your income and expenses to accurately assess your affordability.

We Can Search 1000s of Mortgage Deals

Step 2

While certain circumstances may impose limitations, we are committed to thoroughly exploring thousands of available deals to find the best possible solution for you.

Our next step is to obtain an agreement in principle, which can serve as valuable support for any purchase offers you decide to make.

Submit Your Mortgage Application

Step 3

Once your purchase offer is accepted, our dedicated mortgage advisor in Durham will diligently handle the submission of your complete mortgage application, along with all the necessary supporting documents.

Throughout the process, you will be assigned a dedicated case manager who will keep you well-informed until you receive your mortgage offer and successfully complete your property purchase.

Protecting You and Your Mortgage

Step 4

Our service goes beyond securing the most favorable deal for you. We also offer valuable advice on relevant insurance policies to provide essential financial protection for you and your loved ones.

When your mortgage is due for renewal, we will proactively reach out to ensure that you are still benefiting from the most advantageous deals available.

Reasons to Choose us

Free Mortgage Appointment

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If you have any concerns about your credit score, we highly recommend obtaining an up-to-date credit report to gain a better understanding of your current credit position.

During your complimentary initial mortgage appointment, your personal credit report will be incredibly valuable as it provides us with comprehensive information about you, your goals, and the most suitable path to finding the best mortgage deal for you.

1000s of Deals

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One of the advantages of choosing us as your mortgage broker in Durham is our access to a wide variety of specialist mortgage lenders on our panel. Each lender has their own specific lending criteria, and we are adept at matching our customers with the most suitable options.

Our team of expert mortgage advisors in Durham leverages their knowledge and experience gained over many years in the mortgage industry to recommend the best available deal for each customer's unique situation and eligibility.

Our Service

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We prioritize our customers and always put their interests first. We strive to keep them well-informed and supported throughout the entire process, offering the best service possible and addressing any questions they may have.

7 Days a Week

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As a company that takes pride in providing fast, friendly, clear, and straightforward mortgage advice in Durham, we will be with you every step of your mortgage journey. Book your free mortgage appointment today, and let us show you how we can assist you.

Malcolm and Amy Davidson - Mortgage Advice in Durham

We Search 1000s of Specialist Mortgage Deals in Durham

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Specialist Mortgage Scenarios in Durham`

An In-Depth Look at Specialist Mortgage Scenarios

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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.

Property Down Valuation

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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.

Divorce & Separation Mortgage Advice

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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.

Remove a Person From a Mortgage

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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.

Single Name Mortgages for Married Applicants

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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.

Shared Ownership

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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

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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.

Second Home Mortgages

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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 Home / Let Mortgages

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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 Build Mortgages

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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.

Non-Standard Construction Property Mortgages

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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.

Multiple Applicant/House of Multiple Occupation Mortgages

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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.

Mortgages Past Retirement Date / Lifetime Mortgages

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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.

Offset Mortgages

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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.

Mortgage Guides & Durhammoneyman are trading styles of UK Moneyman Limited, which is authorised and regulated by the Financial Conduct Authority.

UK Moneyman Limited is Registered in England, No. 6789312 | Registered Address: 10 Consort Court, Hull, HU9 1PU.

Authorised and Regulated by the Financial Conduct Authority.

We are entered on the Financial Services Register No. 627742 at

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