Welcome to our mortgage broker website. 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 page.
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.
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.
First Time Buyer Mortgage Advice in Middlesbrough
Moving Home Mortgage Advisors
Remortgage Advisors in Middlesbrough
Buy to Let Mortgages
Self Employed Mortgage Advice
Help to Buy Mortgage Advisor
Right to Buy Mortgage Advice
Specialist Mortgage Advice in Middlesbrough
We don’t work with estate agents, banks or builders.
We have only your interests at heart.
Middlesbroughmoneyman 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. Your service is really important to us!
Your mortgage journey begins as soon as you get in touch with our team. We will send you over a fact find to fill out so we can learn a bit more about your personal and financial situation.
The next step of the process is for us to book you in for our free mortgage consultation so we can begin searching for the perfect mortgage product for you. We will also arrange a mortgage agreement in principle for you.
Once you’ve provided documents to support your agreement in principle, we can start preparing your mortgage application!
For a Help to Buy mortgage, you will need a deposit between 5%-20%. The percentage that you put down will be topped up by the government to make a total of a 25% deposit. Although, you have to remember that this is a loan and not free money. This loan will be interest-free for the first 5 years then start at 1.75% after the 5 years.
For a Right to Buy mortgage, the council will usually provide you with a discount to use as your deposit. However, some lenders may need more evidence that you’ll be able to afford a mortgage and will ask for a deposit on top of the discount. If you’ve had bad credit problems in the past, you may face this scenario.
Although this can vary, we usually find that most lenders are looking for at least 20%-40% of the property’s value. Depending factors include: how big your Buy to Let portfolio is, your credit score, will you be able to afford it and of course, your deposit.
When you come to the end of your fixed-mortgage term, it’s likely that you’ll drop straight onto your lender’s standard variable rate of interest (SVR). Their rate usually tracks the Bank of England’s base rate on top of their own percentage. So, if you end up on their rate, it’s likely that you will pay more per month than you usually do.
This answer can change depending on the lender that you’ve used and how large the unsecured debt is that you’ve built up. But yes, sometimes you may be able to remortgage to incorporate your debts into your mortgage. When you do this, your monthly mortgage payments will increase and so could your mortgage term.
Before consolidating your debts into your mortgage, we would recommend that you speak with a professional Mortgage Advisor in Middlesbrough. Debt consolidation has both positives and negatives, so don’t rush into anything first.
Your free mortgage consultation with your dedicated Remortgage Advisor in Middlesbrough will roughly around 1 hour. During your consultation, we will review your current mortgage deal and see whether or not you can access a better rate. We will also run through all of your other possible remortgage options.
If we think that you can access a better rate, we will search through 1000’s of remortgage deals and try to find the perfect one for you.
The fees that are involved with remortgaging are similar to those that came with your first mortgage set-up.
If you speak to a Remortgage Advisor in Middlesbrough, they wrun through all of these fees with you. They will take these fees into consideration when comparing the savings of the new deal vs your current mortgage.
Your free initial mortgage consultation will roughly last 30-60 minutes. During the consultation, we will examine your current personal and financial situation so that we can get an idea of what sort of mortgage products you’ll match with.
If we manage to find you a deal and you’re happy to continue with it, we can start preparing your mortgage application!
As a Mortgage Broker in Middlesbrough, we would always recommend that you try and obtain a mortgage agreement in principle (AIP) as early in the process as possible. Ideally, you should obtain your AIP prior to viewing properties as it can open you up to being able to negotiate prices.
Your agreement in principle will last between 30-90 days. If your agreement in principle expires, you can easily renew it. Get in touch with your Mortgage Advisor in Middlesbrough to arrange this.
Yes, it may be possible to get a second mortgage. Reasons for getting a second mortgage include debt consolidation, home improvements, for a mortgage deposit for another property such as a Buy to Let property or a holiday home.
Usually, lenders will require a minimum of 5% of the property price. Even though most High Street Lenders look for 5%, if you’ve had credit issues in the past, you may be asked to put down slightly more.
It can be still possible to get a mortgage despite having bad credit issues in the past. Although, you should know that some lenders may require you to put down a larger deposit; this could be 10%-15%.
If you are Self Employed and have at least one year’s accounts ready to submit, then yes, you may be able to get a mortgage. Mostly, lenders will go off your salary plus dividend to calculate the maximum mortgage amount that you can borrow. Some are also known to go off your net profit.
During the mortgage process, you will be asked to prove your income, who you are etc. Some of the documents that you’ll be asked to provide include bank statements, payslips, proof of ID and proof of address. This may be slightly different for the Self Employed.
After your free 30-60 minute mortgage consultation in Middlesbrough, we will be able to go away and try and find you a mortgage product that’s perfect for your personal and financial situation. During this timframe, we will also arrange a mortgage agreement in principle for you within 24-hours.
If everything goes to plan and we recive yoru supporting documents, we can proceed to the point of mortgage application preparation. Once your application is submitted, a formal mortgage offer takes around 3 weeks on average.