I have bad credit, can I get a mortgage in Halesowen?

Although you may have bad credit, it is still possible to secure a mortgage in Halesowen. Specialist lenders offer products tailored to buyers with poor credit.

It is worth noting that these products typically require a larger deposit than a standard mortgage. While a 5% deposit is common, buyers with bad credit may need to put down 10%-15%.

If you require advice on obtaining a bad credit mortgage in Halesowen, our team is available to answer your questions and direct you to a specialist advisor in your area.

When should I obtain an agreement in principle in Halesowen?

We recommend obtaining an Agreement in Principle (AIP) before embarking on your property search in Halesowen. As a mortgage broker in Halesowen, we can typically prepare this document within 24 hours of your mortgage appointment.

An AIP is a valuable document that serves as an indication of your financial capability to afford a mortgage, provided you can provide evidence to support your income, credit history, and other relevant factors. Additionally, an AIP may sometimes help you negotiate with the seller and potentially reduce their asking price.

Can I get a second mortgage in Halesowen?

As a mortgage broker in Halesowen, we have a proven track record of assisting applicants in obtaining second or multiple mortgages for various purposes, including buy to lets, let to buys, holiday lets, and others.

Acquiring an additional mortgage often necessitates a sizable deposit, a strong credit score, and the ability to afford two sets of substantial mortgage payments. However, for let to buy or buy to let mortgages in Halesowen, having a tenant can cover the second set of payments.

We highly recommend seeking advice from a trusted mortgage advisor in Halesowen to assess your eligibility before proceeding with another mortgage application. Our experienced team, with over two decades of industry experience, is eager to assist you through the mortgage process.

How does my free mortgage appointment in Halesowen work?

When you book a free mortgage appointment with us, you can expect to spend between 30 minutes to an hour speaking with one of our knowledgeable mortgage advisors based in Halesowen.

During this time, your advisor will ask you a series of questions about your financial and personal circumstances to gain a comprehensive understanding of your objectives. This will allow us to identify the most suitable mortgage products available to you.

After your appointment, your dedicated mortgage advisor in Halesowen will evaluate your information and conduct a thorough search to find the most appropriate mortgage product that aligns with your unique situation.

Why use a mortgage broker in Halesowen like us?

As a mortgage broker in Halesowen, our objective is to offer comprehensive assistance and advice throughout the entire mortgage process. Our services are not limited to merely finding a mortgage deal; we strive to identify a mortgage product that best fits your unique financial and personal circumstances.

Additionally, we will assist you in preparing your mortgage application to present the most favorable image possible to your lender. We will ensure that all necessary documents are in place to support your income and affordability, giving you the best chance of success.

How much deposit do I need for a mortgage in Halesowen?

When looking for a mortgage in Halesowen, it’s essential to keep in mind that the majority of lenders typically expect a minimum deposit of 5% of the property’s value. However, depending on your credit score, you might need to provide a more substantial deposit of 10% to 15% or even more, based on the property’s purchase price.