Welcome to our Mortgage Advice page for your Mortgage Broker in Wolverhampton. We have been delivering Mortgage Advice in Wolverhampton for over 20 years now and have come across almost every single mortgage situation possible. With our complete help and guidance and industry knowledge and experience combined, getting you through your mortgage application should be an easy process.
We know that the mortgage process can be stressful, especially if it’s your first experience with them. We want to take all of this stress away, you deserve to have an easy, smooth process without any complications or obstacles. Combining our experience and mortgage knowledge, we are sure that we will be able to help you through the mortgage process, no matter your situation.
As an experienced Mortgage Broker in Wolverhampton, we deal with all different kinds of mortgage situations. Even if we are faced with a mortgage scenario that we haven’t dealt with before, we aren’t afraid to take it on. We love a good challenge here at Birminghammoneyman.
Here are the most common mortgage situations that we come across as a Mortgage Broker in Wolverhampton:
If your personal situation isn’t listed above, don’t worry, it is still more than likely that we have already encountered or solved a similar situation in the past. So, don’t hesitate to get in touch as we know how hard it can be to continue through your mortgage application when faced with an obscure problem, that’s why we are here to offer a helping hand so we can get over these hurdles together.
Most of our customers are First Time Buyer applicants, however, that doesn’t mean that we won’t be able to help you. On top of our experience, we also have access to thousands of specialist mortgage deals through our huge panel of lenders. If you go directly to a lender, you will only have access to their independent deals. This is exactly the same if you are thinking of Moving Home, we will always aim to secure you a competitive deal that will benefit both your financial and personal situation.
If you choose the broker route, you will also benefit from our amazing customer service. We will take care of you from the point of application all the way through to you getting your keys. As a First Time Buyer, we know that the mortgage process may look stressful and daunting, however, it’s quite the opposite, especially if you go through a Mortgage Broker in Wolverhampton like ourselves.
Are you thinking about remortgaging? Is your current deal coming to its end? If so, now could be the perfect time to remortgage. Your Remortgage Advisor in Wolverhampton has access to thousands of competitive remortgage deals, it’s just the case of us finding the perfect one for you that is better than your current one.
Your Mortgage Broker in Wolverhampton even specialises in remortgaging for home improvements, capital raising and debt consolidation. This area can sometimes get a little tricky and that’s why we would recommend that you speak to a professional Remortgage Advisor in Wolverhampton like us.
We work solely for you. As a Mortgage Broker in Wolverhampton that works for your benefit only, we are not tied to any particular estate agent, building societies or banks.
We have Mortgage Advisors in Wolverhampton available from 8am-10pm, 7 days a week. We aim to work around times that best suit you. Don’t worry, there will always be someone to talk to here, you’re in safe hands.
We want you to feel secure and comfortable during every stage of the process, and that’s why everything between is strictly confidential.
Here at your Mortgage Broker in Wolverhampton, we really value customer service; it’s at the heart of our business. Our amazing service is shown in our customer reviews, feel free to check out our excellent reviews here.
Every one of our friendly Mortgage Advisors in Wolverhampton is here to support you through your whole mortgage journey. We always aim to be responsive, caring, open and honest with you during every step of your mortgage application.
We highly recommend that you take advantage of our free mortgage consultation; we can’t wait for you to get in touch with your Mortgage Broker in Wolverhampton and your Mortgage Advisor in Birmingham.
The main difference between a bank and a broker is that a bank can only offer you their own in-house mortgage deals whereas a Mortgage Broker in Wolverhampton like us, can access products from our panel of over 30 lenders. We'll only try and find you a deal that is perfect for your personal and financial mortgage situation.
Once you get in touch with our Mortgage Advisors in Birmingham, we will get you booked in for a free mortgage consultation. The process will last around 30-minutes; during this time, your Mortgage Advisor in Wolverhampton will get to learn a little more about your mortgage needs and situation.
Your free mortgage consultation in Birmingham will last approximately one hour. We will then recommend a mortgage for you with no obligation for you to proceed and you can decide whether or not you wish to go ahead.
As your Mortgage Broker in Birmingham, we carry out a Fact Find to establish your needs prior to recommending the most suitable mortgage for you. A credit check is then required for an Agreement in Principle and then once you have provided all the relevant documentation and a valuation of the property has been carried out a formal mortgage offer can be issued
Our Mortgage Advisors in Birmingham recommend that you try and get your Agreement in Principle before you take up the decision of starting to view properties in Birmingham, to avoid disappointment. At the very latest you should obtain one prior to making an offer to assist your bargaining position with the seller.
An Agreement in Principle typically lasts for between 30 and 90 days depending on the lender. If your Agreement in Principle expires it can always be refreshed. If you need help obtaining one, our Mortgage Advisors in Birmingham can usually get one sorted for you within 24 hours of your application.
It can be possible to get a second mortgage on your home in Birmingham for debt consolidation or home improvements. It may also be possible to take out a mortgage on a second property if it is for your own use, the use of a family member, a holiday home or a Buy to Let.
To purchase a house in Birmingham, the minimum deposit with High Street Lenders is typically 5% but this can be higher if you have had previous credit problems.
If you have had credit problems you may still be able to get a mortgage but you will likely need to put down a higher deposit than usual, perhaps 15% of the purchase price.
You can get a mortgage in Birmingham once you have submitted at least one year’s accounts. Most lenders use your salary + dividend to calculate the maximum mortgage whereas others go off your net profit.
To prove income it’s usually three payslips for an employee and the latest 2 years’ accounts for Self Employed. In addition, you will need to produce proof of ID, address and 3 months’ bank statements.
Our free consultation in Birmingham typically lasts up to an hour or so. We can turn round an agreement in principle within 24 hours and a formal mortgage offer takes about three weeks on average. Before you know it, you will be moving into your new property in Birmingham!