Mortgage Broker in Worcester - Birminghammoneyman

Mortgage Broker in Worcester

Fast and Friendly Mortgage Advice in Worcester

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First Time Buyer

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We can search 1000s of mortgage deals in Worcester, find you the best one for your personal and financial situation.

To speak with a Mortgage Advisor in Worcester, book your FREE mortgage appointment online or give us a call on 01245 847678.

Book Online

To speak with a Mortgage Advisor in Worcester, book your FREE mortgage appointment online or give us a call on 01245 847678.

Malcoms Image

We can search 1000s of mortgage deals in Worcester, find you the best one for your personal and financial situation.

Book Online

Mortgage advice
your way

First Time Buyer

Remortgage

Moving Home

Buy to Let

Right to Buy

Self Employed

Help to Buy

Specialist

Reviews Stars4.98 Rating63 Reviews

Mortgage Advice in Worcester – Open & Honest Advice

If you are looking for a helping hand on your mortgage journey, you have come to the right place. Welcome to the online home of a reputable Mortgage Broker in Worcester who strive in leading you through the mortgage process.

 

Through our 20 plus years of providing open and honest Mortgage Advice in Worcester, we have helped a plethora of mortgage applicants ranging from First Time Buyers, Home Movers, Landlords, people who are looking to Remortgage and the Self Employed. With a large panel of mortgage lenders available to us, we can access 1000’s of unique deals. From this, your dedicated Mortgage Advisor in Worcestor can look through these deals and find you the one that is perfect for your financial circumstances.

 

You can book a free mortgage appointment online if you are looking to speak to one of our Mortgage Advisors in Worcester. With availability 7 days a week from early until late, you can book an appointment at a time that suits your schedule.

 

Your Mortgage Options in Worcester

Below are the most popular options we offer at Birminghammoneyman.

First Time Buyer Mortgages in Worcester

As a First Time Buyer, you might be getting onto the property ladder for the first can be an exciting but daunting experience. Getting Mortgage Advice in Worcester can help you get through the process. Simply get in touch and book your free mortgage appointment so our team can connect you with a First Time Buyer Mortgage Advisor in Birmingham & Worcester.

 

From this, we will take some information off you regarding your financial and personal situation. Next, we will use these details to carry out an affordability assessment to see what sort of deals you will be able to access. After you have attended your appointment, your allocated advisor will go away and look for the most suitable deal as well as arrange an Agreement in Principle for you. This is usually done within 24 hours of your appointment. Remember, we are here to provide help and advice so please ask as many questions as you want.

 

There are government schemes available for those who are finding saving for a deposit difficult. These include Help to Buy Equity Loan, Shared Ownership or the Lifetime ISA.

 

Moving Home Mortgages in Worcester

Being an applicant who is looking at Moving Home in Worcester, you will have a lot more knowledge of the mortgage process compared to a First Time Buyer. Despite this, you should still think about obtaining advice from us as the process involves many other aspects that are different to the first time around.

 

The Moving Home process can have connotations of being a stressful and challenging experience. The main goal you need to achieve within this process is to make sure the buying process and selling process ends simultaneously. One benefit of having a Mortgage Broker in Worcester by your side during the process is that our team can help you with the mortgage side of the experience like finding you an appropriate deal for your circumstance. This allows you to focus on packing up your belongings and selling your current property.

Buy to Let Mortgages in Worcester

Over the years, we have built up long-lasting working relationships with many Buy to Let landlords. If you are a First Time Buyer landlord or have already built up a portfolio, get in touch and we will be happy to help.

 

We offer advice on a range of Buy to Let mortgage options like an HMO, Holiday Let, Let to Buy or something else, it’s entirely up to you. Speak to your allocated Mortgage Advisor in Worcester to talk to you about any Buy to Let options in further detail.

Remortgaging in Worcester

When you are coming to the end of your mortgage term, you need to start looking into your Remortgage options. Many people do forget to explore the options available to them for remortgaging which can mean they are automatically placed on the lender’s standard variable rate. Being on this rate could see your monthly mortgage payments increasing which is the main reason why people look into alternate options.

 

If you approached Birminghammoneyman for your initial mortgage, our team will email you a reminder 6 months prior to your fixed term ending. You may think this is a little premature, however, this allows you enough time to look into your options and avoids you being put onto the lender’s standard variable rate. Our expert team of Remortgage Advisors in Worcester can help you find a product that fits your remortgage goals.

Self Employed in Worcester

Evidencing your income is the main challenge that comes to obtaining a mortgage as a self employed applicant in Birmingham & Worcester. It is required though as you want to show the lender that you have sufficient income which can be challenging but is possible to do.

 

We have extensive experience in dealing with a lot of self employed applicants who are looking to achieve their mortgage dreams. The process will involve your allocated Mortgage Advisor in Worcester looking at your case in detail and then finding you the most suitable mortgage. Along with this, they will provide advice on the next steps to take in the mortgage process.

Birminghammoneyman – Your Mortgage Broker in Worcester

What makes us stand out compared to a bank or building society is that we have access to a range of different high street and specialist lenders which allows us to search through 1000s of deals. Another contrast between a Mortgage Broker in Birmingham & Worcester and your bank or building society is that we are available within flexible hours to ensure we provide a responsive service. Our opening hours are 7 days a week, al you need to do is book online or get in touch!

 

Our goal is to provide an open and honest service to our customers and for them to hopefully leave with mortgage success. We always go the extra mile for every person who gets in touch with us. Check out our brilliant reviews from our customers.

 

Our Simple 4-Step Process

Book Online for your free mortgage appointment and pick a time and date that suits you.

 

You will then be allocated an expert Mortgage Advisor in Worcester who will ask you questions to build up a financial profile of you. They will then carry out an affordability assessment and arrange an Agreement in Principle.

 

When you have agreed with the recommended product found by your advisor, it’s then time to begin your mortgage application.

Have you been declined by your bank?

In the case that you have been declined by your bank and are looking for the assistance of a Mortgage Broker in Worcester, our team can help! If you are in this situation, our advice is to not carry on applying for different banks as this can have a negative impact on your credit score.

 

The bank you previously approached would have declined you for a reason which our team can help find out for you. Common reasons for this include a poor credit score, a fault in your application, and affordability. It’s best that you try to improve on these for your application.

 

Getting a mortgage is not always guaranteed for everyone, however, our team will work hard to find a product that matches your financial circumstance. The service we provide as a Mortgage Broker in Worcester is always open and honest. With this in mind, if we can’t find you an appropriate deal and you cannot get a mortgage for you, we will say and provide you with any recommendations to improve your application in the near future.

We search 1000's of mortgage deals across a large number of lenders, including:

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How do I transact with my Mortgage Broker in Worcester?

We offer all our customers a free initial mortgage appointment with one of our experts. Our in-house Mortgage Advisors work flexible hours to provide as a part of our responsive service. Contact us and we will be more than happy to help!

Why shouldn’t I go to my bank for Mortgage Advice in Worcester?

One drawback with banks is that they are only able to offer products from one lender which is themselves. It can also take a while to get an appointment with their mortgage advisors which can be frustrating if you are looking at property or are prepared to make an offer on one. Whereas a mortgage broker can compare deals as they have access to a large panel of lender offering both specialist and high street lenders.

My bank turned me down – Will you be able to get me a mortgage?

It's common for someone to get in touch with us for mortgage advice after getting turned away by their bank for reasons to do with income types, credit score, property or borrowing capacity. More often than not, we are able to help with this.

Common mortgage questions

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!

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

The information contained within the website is subject to the UK regulatory regime and is therefore primarily targeted at customers in the UK.
Should you have cause to complain and you are not satisfied with our response to your complaint, you may be able to refer it
to the Financial Ombudsman Service, which can be contacted as follows

The Financial Ombudsman Service, Exchange Tower, London, E14 9SR
www.financial-ombudsman.org.uk

© 2022 Birminghammoneyman

Birminghammoneyman - Office 1, Izabella House, 24-26 Regent Place, City Centre, Birmingham, B1 3NJ

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