What Does a Mortgage Broker in Durham Do?

Why use a mortgage broker in Durham?

If you’re seeking to streamline the mortgage process, save time and money, and minimise stress, enlisting the assistance of a seasoned mortgage broker in Durham offers numerous advantages.

With our wealth of professional experience, we have access to an extensive array of mortgage deals, allowing us to meticulously select the one that aligns perfectly with your unique circumstances.

In contrast, approaching a bank directly restricts you to that single lender’s mortgage offerings, denying you the opportunity to explore multiple options.

Appointments That Work With Your Busy Day-to-Day Life

Our team is here to accommodate your schedule, offering appointment bookings seven days a week, with flexible hours from early morning to late evening. We understand that your time is valuable, and we’re committed to working around your busy schedule.

For your convenience, you can also make use of our website’s booking form. This allows you to easily schedule a video or telephone consultation with a mortgage advisor in Durham at a time that suits you best.

We aim to provide you with the flexibility you need to receive expert mortgage guidance on your terms.

Before Your Application

To begin the process of securing a mortgage as a first time buyer in Durham, the first step is to arrange an appointment with a mortgage advisor in Durham.

During this meeting, you’ll have the opportunity to provide additional information that will help the advisor gain a deeper understanding of your unique circumstances and plans. Subsequently, they will explore a wide range of mortgage deals to identify the one that best suits your needs.

Both first time buyers in Durham and moving home in Durham who decide to proceed with the recommendation of their mortgage advisor will benefit from obtaining an Agreement in Principle (AIP). Our goal is to secure this for our customers within 24 hours of their initial appointment.

An AIP is a valuable document, often requested by estate agents when you make an offer on a property. It demonstrates your commitment to the purchase and verifies your financial capability to proceed, with a mortgage lender ready to provide financing.

Additionally, we offer guidance and support throughout the offer process, assistance with property surveys, and can provide optional insurance recommendations. These insurance options act as a safety net to protect your family and home from unforeseen circumstances.

Furthermore, you will need to supply your mortgage advisor with the appropriate documentation to accompany your mortgage application. The specific requirements may vary depending on your circumstances and the lender you choose to work with.

Rest assured, as a mortgage broker in Durham, we will help you with this paperwork, ensuring a smooth and informed application process.

During Your Application

After we’ve received your documents, as a mortgage broker in Durham, we will carefully verify them.

Following this verification, we will provide you with a mortgage illustration that outlines the details of the agreement you’ve chosen with the mortgage lender we’ve recommended. This step occurs just before we formally submit your mortgage application.

Once you’ve approved our recommendation, your mortgage application is submitted. Your dedicated mortgage advisor in Durham will forward copies of your documents to the chosen mortgage lender.

Throughout this process, we maintain regular communication with you to ensure you stay informed about the progress of your application.

We’ll promptly reconnect with you as soon as the mortgage lender reaches a decision on your application. If your application is approved, this is when you will receive a formal mortgage offer.

At this point, the responsibility shifts to your solicitor, who will oversee the final steps to complete the transaction, ultimately allowing you to move into your new home.

Our Mortgage Advice in Durham Service

Being a mortgage broker in Durham, we consistently prioritise your best interests in every aspect of our service. If there are opportunities to save you time, money, and alleviate stress, we are dedicated to seizing them.

Our primary aim is to help you in achieving the strongest possible financial position.

Our customer reviews provide genuine insights into the enduring relationships we foster with those who reach out to us. These testimonials underscore the positive transformations individuals experience through homeownership, facilitated by our mortgage advice service.

We take pride in the meaningful impact we have on our clients’ lives.

Date Last Edited: December 6, 2023