How Much Deposit Do I Need for a Mortgage in Dudley?

The typical amount needed for a mortgage deposit in Dudley is 5%. Most High Street Lenders require this minimum percentage for mortgage applicants with a ‘good’ credit history. However, if you’ve had credit issues in the past, you may have to expect to put down a higher deposit than usual, sometimes 10-15%.

Can I Get a Second Mortgage in Dudley?

Yes, it can be possible to get a second mortgage. In some cases, you may even want more than two!

There are lots of different reasons why someone may want to get a second mortgage, perhaps you are looking to consolidate your debts, improve your home or are a Buy to Let landlord looking to increase your Buy to Let portfolio.

Have one mortgage can be stressful enough, if you need Specialist Mortgage Advice in Dudley, don’t hesitate to get in touch.

How long does an Agreement in Principle last?

Your Agreement in Principle (AIP) will last around 30-90 days. If your AIP expires before you get to make an offer on a property, you can easily apply for it to be renewed. A Mortgage Broker in Dudley like us will be able to help you with this!

When Should I Obtain an Agreement in Principle in Dudley?

We always recommend that you secure an Agreement in Principle (AIP) before the viewing properties stage. This is because having one in place shows that you will have the funds to pay for the mortgage, given that you can supply documents to support your income, credit history etc. Having an AIP may also allow room for price negotiation.

Why Use a Mortgage Broker in Dudley like us?

A Mortgage Broker in Dudley like us, is here to provide full help and guidance through the whole mortgage process. We don’t just try and find you a competitive mortgage deal, we try and find you a product that is tailored to your personal and financial circumstances.

How Does the Free Mortgage Consultation in Dudley Work?

Your free mortgage consultation in Dudley will last round one hour. During your consultation you will get the chance to speak with a Mortgage Advisor in Dudley. They will ask you some questions about your mortgage needs and your personal and financial situation. Once they have what they need from you, they can then go away and begin searching for the perfect mortgage deal for you! They will try to find one that is competitive and ticks all of the boxes for you.