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Over our 20+ years of working within the industry, we’ve encountered many different mortgage scenarios and have helped 1000s of struggling applicants overcome their difficult mortgage situations.
Sometimes it just takes a helping hand from a mortgage specialist to get you over your mortgage hurdles! Now that it’s never been easier to book a mortgage appointment with a Mortgage Advisor in Birmingham, you should get in touch right away.
If you are struggling to access the premium rates that high street lenders are offering, you may need to start looking for specialist products.
On our panel, we have many different specialist lenders. It’s our job to search through their deals and see whether you match any of their products. Some may be more specialist than others, e.g., one could target applicants with a CCJ whereas one may focus their attention on applicants who just have a low credit score.
As your Mortgage Broker in Birmingham, we will try our best to find you a mortgage. We will search for one that is suited to your personal and financial situation. Having a Mortgage Advisor in Birmingham on your side when you are looking to do something slightly unusual will most certainly prove to be highly beneficial to you.
Our job is to work for you and find you the most suitable mortgage deal for your situation.
It’s not unusual that someone calls us previously been turned away from a high street bank for one reason or another. Usually, the issue should have been picked up by the bank’s mortgage advisor early on in the process.
It’s not always easy! Our customers can often lose money and/or their property due to the mistake, which causes stress and frustration. Without being 100% sure of lending criteria before your application, you could be jeopardising your chances of getting a mortgage altogether.
Rest assured, we are very experienced dealing with clients in complex situations so we’d love to hear from you. Why not contact Birminghammoneyman, your Specialist Mortgage Broker in Birmingham.
When a mortgage applicant is going through a tough time with their mortgage and finds it challenging to get accepted by a lender, we will always be ready and willing to help them with open arms.
As a trusted and experienced Mortgage Broker in Birmingham, we have spoken with many different customers over the years, all with varying mortgage scenarios. Here is a more in-depth look at some of these mortgage scenarios:
If you’ve had a property survey carried out on your home and it turns out that your offer that’s been accepted is above the actual value of the property, this is called a Property Down Valuation. In this situation, it’s very likely that your lender is going to pull out of the deal unless you can make up the difference between your offer and the true property value.
When going through a divorce or separation, if you are tied into a mortgage together, it is important that you sort things sooner rather than later. Financially, things can get complicated quickly if they’re not dealt with.
Moreover, if you are going through a divorce or separation, you may want to look at getting your name or your ex-partner’s name removed from a mortgage.
What you can and cannot do will depend on your and your ex-partner’s ability to be financially stable with one set of income.
If you’re married and looking to get a mortgage on a home that you and your partner will live in, some lenders would rather have both applicants named on the mortgage, though it is still possible to get a mortgage in a sole name.
The Shared Ownership scheme allows applicants to take out a mortgage on a percentage of a property (usually between 25%-75%). This means that you own a share of the property. You will also pay the building society rent on the remaining share.
Professional mortgages are only accessible to certain professions. This is a niche market; therefore, it is best to speak to a expert Mortgage Advisors in Birmingham for further information.
If you are planning to take out a mortgage on a second home, you will need to provide evidence that you can afford both sets of mortgage payments. We can help you do this.
Taking out a holiday works in a similar way to buy to let, however, you won’t have a permanent tenant, therefore, lenders need to be sure that you’ll be able to cover the costs when no one is staying there.
New builds can often be more expensive than older properties. If you’re struggling to save up for a deposit, you could try using the Help to Buy Equity Loan scheme.
A ‘non-standard’ property is simply a property that isn’t built out of brick and mortar. You will need to try and take out a specialist mortgage product if you’re wanting to buy a non-standard construction property. We also advise that you get a full structural property survey if you’re buying a property like this.
HMO mortgages are buy to lets with 4-6 tenants, one example would be a university house. HMOs are very complicated. We would recommend that you speak with a buy to let Mortgage Advisor in Birmingham if HMOs interest you.
You can release the equity that you’ve built up in your home and turn it into cash through a lifetime mortgage. We would recommend seeking specialist help if this is something that you’re looking to do.
Offset mortgages link your savings to your mortgage. Taking one out could potentially help you access competitive interest rates and products.
Our trusted team of Mortgage Advisors in Birmingham can use the extensive knowledge and experience that we have gathered over two decades of working in the industry to recommend to our customers the most suitable mortgage deal for their current circumstances.
If you are concerned about your credit score, you should look to obtain an up-to-date copy of your credit report. You will receive the benefits from this when it comes to your free initial mortgage appointment, as having this will give the advisor a better idea of your current situation, what you would hope to achieve and the sort of deals available for yourself.
We’ll be here to answer all your questions throughout the whole process. Our goal is to help you achieve your mortgage needs by providing a high standard of Mortgage Advice in Birmingham.
Our dedicated mortgage advice team will always aim to give you the best service we can, ensuring you remain informed throughout the entire mortgage process and that you’re given a responsive service and that our service is tailored to your needs.
We hope you end up with what you expected to achieve at the end of the process and go into your new home with a suitable mortgage deal that matches your personal and financial situation.
We have a reputation for providing expert, fast & friendly Mortgage Advice in Birmingham, and we will be by the entire of your mortgage process. Don’t hesitate; get in touch with us and get yourself booked for your free initial mortgage appointment to speak to an expert Mortgage Advisor in Birmingham today.
4.99 Rating67 Reviews
Shelline
Leo Shakespeare and Stacey Jopling has work long side each other to made this entire journey extremely smooth and informative as a first time buyer. His service has been phenomenal. I had been rejected from many other brokers and banks and he...
Nafesa
I have been dealing with Wendy and Malcolm in regards to my house purchase and I could not recommend these enough. A true credit to the company. Very efficient with communication and solving any issues that needed to be addressed. Would highly...
Anonymous
Incredibly helpful, supported throughout whole process
Nazeef
Fantastic experience. Charlie helped me race through to secure the best mortgage offer, best plan for life and critical illness insurance. Very approachable and responsive even with any queries I had after everything was completed.
Tyler
Had great help from both Joe and Chris and Chloe who were all friendly and always happy to help
Rosie
Made everything very easy, we are first time buyers and they couldn't have been more helpful or informative. They didn't make us feel like we were stupid for not know anything about buying a house and talked us through the entire process. They even...
Sophie
Tom and Meghan were brilliant throughout the entire process! Both were friendly and knowledgeable and explained everything to us clearly and answered our countless questions and gave us clarification where we needed it. Both were easy to contact and...
Esme
Super helpful, made the whole process really easy and explained everything as we went along. Pretty good at keeping in contact, keeping us up to date and explaining the choices we had and then giving us the time to discuss and make those decisions.
Sheikh
I must say I am very pleased with the service I recieved from Moneyman, they set up regular calls and kept us updated throughout the checking progress. Fairly priced fees and very knowledgeable! I would highly recommend their services
Abdassami
Second time with this broker and it's been an amazing experience. Would definitely recommend. Anna and Matt were brilliant.
Nicholas
We couldn't be happier with the service provided. Matt has been professional, helpful and extremely supportive throughout our process. We will certainly be recommending you to friends. Communication was 5* and Matt was available at any point...
Asia
Great team - very good communication and very nice, helpful team that made it possible for me! Thank you for the great service.
Andrew
To say we have had a nightmare of a process of trying to buy a house would be an understatement, however Wayne and team were the bright light that helped us get through it. Can't thank them enough for their help.
Kazim
That nice 😊
Kristina
Brilliant service! Would highly recommend! Tom at the Birmingham branch was amazing. We're first time buyers so we were very unsure of the whole process and had lots of questions. Tom gave us all the support and guidance we needed and was there for...
Anonymous
Moneyman were really supportive during this process. After our first house fell through following downvaluation, they were really helpful in outlining the process moving forward and supporting us through the next house sale. Couldn't be happier with...
Eleanor
Thank you so much for your support Even when I Couldn't get hold of anyone else During the pandemic Your staff were there to encourage me to press on with the mortgage after Thanks for your help and the guidance Thanks for giving me a chance And...
Anonymous
Very good service, unbelievable fast to apply my mortgage. Thank you all of you.
Tyler
Aaron was both very friendly and helpful over the phone.
Samina
Dale was a Very lovely person to speak to. Gave all the best advise he can and was very polite. Made me reassured with a few problems I may have but gave me a few options around getting a mortgage
Your free mortgage consultation in Birmingham will last approximately 30 mins. 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 30 mins 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!
A telephone call where we can take some initial details and find out about your plan of action.
Enjoy finding a property in Birmingham!
Make an offer on the property you set your heart on – we’ll finalise your figures and help you to get a good deal.
Our mortgage recommendation. We’ll try to find you the best mortgage deal. We’ll be there to support you, right through to you getting your keys.
A telephone call where we can take some initial details and find out about your plan of action.
Enjoy finding a property!
Make an offer on the property you set your heart on – we’ll finalise your figures and help you to get a good deal.
Our mortgage recommendation. We’ll try to find you the best mortgage deal. We’ll be there to support you, right through to you getting your keys.
