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Mortgage Broker in Reddicap Heath

& Surrounding Areas

It's free to speak with a mortgage advisor 7 days a week, 8am - 10pm

0121 595 0187Speak to an Advisor - It's Free!

Mortgage Broker in Reddicap Heath

& Surrounding Areas

It's free to speak with a mortgage advisor 7 days a week, 8am - 10pm

Speak to an Advisor - It's Free! 0121 595 0187

Providing Expert Mortgage Advice in Reddicap Heath

As a mortgage broker in Reddicap Heath, the aim is to provide expert mortgage advice in Reddicap Heath to help you achieve your mortgage goals. With over 20 years of experience, we are dedicated at providing professional mortgage advice in Reddicap Heath to all of our customers, no matter their situation.

Our team of knowledgeable mortgage advisors in Reddicap Heath is here to support you throughout the entire process, making it as stress-free as possible. That’s why we understand that obtaining a mortgage can be a daunting experience. Which is why we aim to simplify the process and reduce your stress levels. Our ultimate goal is to help you achieve mortgage goals by providing you with worry-free and uncomplicated mortgage solutions.

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Your Mortgage Options in Reddicap Heath

All of our Customers Receive a Free Mortgage Appointment!

During your free mortgage consultation, you’ll get the opportunity to speak with one of our dedicated mortgage advisor in Reddicap Heath. The consultation will roughly last around 30-minutes. If you are currently viewing properties in Reddicap Heath and booking house viewings, your mortgage advisor in Reddicap Heath will also be able to prepare an agreement in principle for you within 24 hours after your free initial appointment.

As a mortgage broker in Reddicap Heath, we prioritise being responsive and ensuring that you won’t have to wait long for an answer. We’re available 7 days a week, and provide mortgage advice in Reddicap Heath from early until late, so simply book online or give us a call.

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Your Mortgage Options in Reddicap Heath

First Time Buyer Mortgages in Reddicap Heath

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First time buyer in Birmingham who are embarking on one of the biggest financial commitments may find the mortgage process daunting, leaving you unsure where to start. Being a fast and friendly mortgage broker in Reddicap Heath, once you’ve book a free appointment, from first point of content to handing over the keys, you’ll be provoided with regular updates throughout the entire process.

During your appointment, you’ll be asessed and asked a series of question regaridng your financial background and what you are looking to achieve. From there, we’ll conduct an affordability assessment to see what deal are avaliable to you.

Your allicated mortgage advisor in Reddicap Heath will search 1000’s of deals and sift through the ones that best suits your situation, and tell you the maximum amount you can borrow for a mortgage and how much your repayments will be. Within 24 hours after your appointment, we wil provide you with an Agreement in Principle for you, which is a good barganing tool when making any offers on a property.

If you have any question at all, our mortgage advisors in Reddicap Heath will be more than happy to answer, so don’t hesitate to ask.

Moving Home Mortgages in Reddicap Heath

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Those who are in the process of moving home in Birmingham will be a more familiar with the process, but managing the simultaneous buying and selling of properties can be challenging. As a reputable mortgage broker in Reddicap Heath, a member of our team will be more than happy to manage the mortgage side of things, giving you more time to focus on the move itself.

It’s good to check your affordability prior to taking viewing and making offers. We can help you with working up a budget so you know what types of properties you can afford in Reddicap Heath, if you haven’t done so already.

Buy to let Mortgage Reddicap Heath

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Over the years, we have developed a close and long-lasing relationships with many landlords and helped them secure a buy to let mortgages in Birmingham. Whether you are a first tome buyer landlord, or have an existing property portfolio, our team will be more than happy to help.

We offer a range of mortgage options, including HMO, Holiday Let, Let to Buy, and more. Our mortgage advisor in Reddicap Heath can help you explore your buy to let options and find the most suitable mortgage for you.

Remortgaging in Reddicap Heath

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As your fixed mortgage term approaches its end, it’s time to consider remortgage in Birmingham. This involves switching to another mortgage deal to avoid falling onto your lender’s standard variable rate of interest. We can assist you in finding competitive rates and products in the market. If you’ve kept up with your repayments, you may find that you have competitive rates available to you.

Aside from finding a better deal, many individuals choose to remortgage for purposes such as home improvements, releasing equity, or consolidating debt into their mortgage. Book your free remortgage review, to see how one of our mortgage advisors in Reddicap Heath can explore your remortgage options today.

Self Employed Mortgages Reddicap Heath

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If you are self employed in Birmingham, the mortgage process will be similar to other scenarios, with one key difference – the requirement to provide evidence of your income. Your mortgage advisor in Reddicap Heath will guide you on the additional documents you need to provide. Just like with other mortgage types, they will conduct an affordability assessment and explore the available deals suitable for you.

Mortgage Options for Over 50s in Reddicap Heath

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Homeowners who happen to be over the age of 55 and meet the right criteria, such as for property value, could find it worthwhile looking at their options for a equity release in Reddicap Heath. Equity release in Reddicap Heath is typically taken out either as a home reversion plan or more commonly, as a lifetime mortgage in Reddicap Heath.

Beyond this, for customers over the age of 50, you may find that there are other potential mortgage options for you, as you head towards later life. These can include options such as retirement interest only (rio) mortgages, term interest only (tio) mortgages, hybrid mortgages, as well as standard mortgages and remortgages in Reddicap Heath.

Mortgages for over 50s and especially equity release in Reddicap Heath, tends to be a very specialist area and it is key that you get in touch with a qualified and professional mortgage broker in Reddicap Heath, to understand your options. We will always look to see if an alternative is more suitable for you first, before we look at equity release in Reddicap Heath.

To understand the features and risks, ask for a personalised illustration. Equity Release may come in the form of a lifetime mortgage or home reversion plan.

A lifetime mortgage may impact the value of your estate and it could affect your entitlement to current and future means tested benefits. The loan plus accrued interest will repayable upon death or moving into long term care.

A home reversion plan involves selling all or part of your home to a plan provider in exchange for a tax-free lump sum.

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Our Simple 4-Step Process

Book Online

Step 1

Giving you complete control over the date and time (subject to availability) booking your free mortgage appointment has never been easier, we can partner you up with an expert mortgage advisor in Reddicap Heath. They will take the time to understand your situation and assess your affordability.

Free Mortgage Apppointment

Step 2

Furthermore, they will arrange your Agreement in Principle which is normally sorted within 24 hours of your free mortgage appointment.

Finding a Suitable Product

Step 3

Next, they’ll search through 1000’s of deal to find the most suitable mortgage deal for you. We will continue the mortgage application when you are happy to proceed with our recommendation.

Submit Your Application

Step 4

When your mortgage application is ready to proceed, we will put forward your mortgage application to the lender.

Reasons to Choose us

Free Appointment in Reddicap Heath

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Booking a free appointment is quick and easy with our online system. Any questions you may have, whether you are seeking mortgage advice in Reddicap Heath, equity release, or insurance products, we’ll be more than happy to answer.

Search 1000s of products

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Unlike the mortgage advisors at banks, who can only offer products from their own institution, our team has access to a panel of lenders, including those with specialist mortgage products so we can search 1000’s of deals.

Our Service

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We really value customer service; it is at the heart of everything we do. We regularly get feedback on the service we provide as a mortgage broker in Birmingham, something that allows us to see what people have said about their experience with us and allows us to grow and provide that same service to everyone we can.

7 Days a Week

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We have mortgage advisors in Birmingham available from early until late, 7 days a week and are able to work around times that best suit you and your lifestyle. Do not worry, there will always be someone to talk to and we will ensure you are in safe hands going forward.

Malcolm and Amy Davidson - Mortgage Advice in Birmingham

Common Mortgage Questions in Reddicap Heath

How much deposit do I need for a mortgage in Reddicap Heath?

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In most cases, when purchasing a property in Reddicap Heath with a mortgage, a minimum deposit of 5% is required by most lenders, calculated based on the property’s value.

However, depending on individual circumstances, a higher deposit of 10-15% may be required, especially if you have a lower credit score or financial history that could make mortgage lenders more cautious in approving your application.

Instances of poor credit history, missed payments, or outstanding unsecured debt can cause mortgage lenders to be hesitant in approving a mortgage in Reddicap Heath.

Therefore, a higher deposit may be necessary to demonstrate your financial stability and ability to repay the loan. It’s important to remember that a mortgage is a substantial loan, and mortgage lenders want to ensure that their applicants can meet their repayment obligations.

I have bad credit, can I get a mortgage in Reddicap Heath?

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It’s still possible to secure a mortgage in Reddicap Heath, even if you have poor credit. There are mortgage lenders who offer products tailored to those with bad credit.

If you have bad credit and are seeking a mortgage in Reddicap Heath, it’s important to be aware that you may be required to provide a larger deposit, typically ranging from 10 to 15% of the property’s value.

If you need guidance on improving your credit score or require advice on securing a mortgage with bad credit, our team of knowledgeable mortgage advisors in Reddicap Heath are available to assist you and direct you to the right resources.

How does the free mortgage appointment in Reddicap Heath work?

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During your free mortgage appointment, which typically lasts between 30 to 60 minutes, you will have the opportunity to consult with one of our experienced mortgage advisors in Reddicap Heath.

During this meeting, your advisor will ask you a series of questions to gain a thorough understanding of your mortgage needs and objectives. They will also need to inquire about your individual and financial circumstances in order to determine the mortgage products that best align with your needs.

Following your consultation, your mortgage advisor in Reddicap Heath will conduct thorough research to identify the most suitable mortgage product for your unique circumstances. Our team specialises in creating tailored solutions to meet your specific requirements.

When should I get an Agreement in Principle in Reddicap Heath?

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An agreement in principle (AIP), sometimes known as a decision in principle, is a written statement from a lender confirming their willingness to offer you a mortgage loan based on your financial situation. In order to obtain an AIP, you must provide evidence of your income and affordability for a mortgage in Reddicap Heath.

Obtaining an AIP is a crucial step in the mortgage application process, as it can assist you in making offers on properties and negotiating with sellers. By having an AIP in hand, you may be better positioned to negotiate a favourable price for a property, as it provides assurance to the seller that you have the financial means to secure a mortgage.

Why use a mortgage broker in Reddicap Heath like us?

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As a mortgage broker based in Reddicap Heath, we aim to provide comprehensive support to our customers throughout their entire mortgage journey. Our team of experienced professionals will assist you in selecting the most suitable mortgage product based on your individual financial circumstances.

We also offer guidance in preparing your mortgage application, ensuring a smooth and stress-free process. Ultimately, our goal is to help you achieve your dream of homeownership with expert advice and tailored solutions.

Can I get a second mortgage in Reddicap Heath?

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There are several reasons why someone may wish to obtain another mortgage in Reddicap Heath, such as investing in a buy to let property, using the property for a let to buy arrangement, setting up a holiday rental, providing financial assistance to family members, or pursuing other investment opportunities.

To be eligible for another mortgage, most lenders will require a significant deposit and a favourable credit history. Additionally, the borrower must demonstrate the financial capacity to make the monthly mortgage payments. Lenders will typically assess the borrower’s income, employment status, and overall financial situation before granting approval for an additional mortgage.

We Search 1000s of Mortgages in Reddicap Heath

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HSBC
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Santander
Natwest Mortgage Advice
Newcastle Building Society
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Accord Mortgages
Aldermore Mortgage Lender
Beverley Building Society
Kent Reliance
Virgin Money & Mortgages
Leeds Building Society
Scottish Widows
Foundation Home Loans

Birminghammoneyman.com & Birminghammoneyman 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 www.register.fca.org.uk

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