Why use a mortgage broker in Tamworth like us?

We are a mortgage broker in Tamworth, our job is to support you throughout your entire mortgage process. We will be right by your side from start to finish.

We have your best interests at heart and we will do our best to save you time and money. We can search through 1000s of mortgages in order to find the most competitive product for you!

You can easily speak with a mortgage advisor in Tamworth by booking your free mortgage appointment online. We have appointments available 7 days a week – pick a date and time that best suits you.

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

If you are looking to get a mortgage in Tamworth, you will typically need at least a 5% deposit based on the property’s value.

If you have bad credit, you may be asked to put down a larger deposit. This will usually be around the 10%-15% mark.

Can I get a second mortgage in Tamworth?

There are many different reasons why someone may want more than one mortgage; the main reasons include for a buy to let or let to buy. People may have more specific reasons, however, such as holiday let, buying for a family member etc.

You must have a good credit score to obtain a second mortgage and lenders will perform an in-depth credit search on you so that they are adamant that you can afford it. If you are taking out a new mortgage for a buy to let/let to buy property, your mortgage payments will be covered by your tenant.

Our mortgage advisors in Tamworth will run through your affordability before you submit your new mortgage application.

How does the free mortgage appointment in Tamworth work?

Your free mortgage appointment in Tamworth will last around 30-60 minutes. During this appointment, you will get the chance to speak with a mortgage advisor in Tamworth and discuss your mortgage options.

Your mortgage advisor in Tamworth will ask you questions to better understand your situation and what you hope to accomplish. They will also take a look at your personal and financial situation and try to work out what sort of mortgage products you may be able to access.

When should I get an agreement in principle in Tamworth?

An agreement in principle, otherwise known as an AIP is a document that you will need to support your offers whilst looking for properties in Tamworth. AIPs confirm that lenders are willing to lend to you given that you can prove your income and affordability.

In a situation where two potential buyers are interested in a property, and one has an AIP while the other does not, the seller will usually select the buyer with an AIP, as they have already been pre-approved, making the process quicker.

Your AIP will remain valid for 30-90 days, once it expires, you will need to apply for a renewal. Luckily, our mortgage advisors in Tamworth are able to turn around an AIP within 24 hours of your mortgage appointment; just get in touch with our team and we’ll be more than happy to help!

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

Despite having bad credit, in some cases, you may still be able to get a mortgage with bad credit in Tamworth. There are a few specialist lenders that offer mortgage products designed for customers with bad credit.

To access these types of products, you will be asked to put down a larger deposit, usually around 10%-15%. With you having bad credit, lenders need you to demonstrate your reliability.

If you need mortgage advice in Tamworth, feel free to reach out to our team. If you need to improve your credit score, we can give you some pointers on where to start!