Whether you are a first time buyer in Doncaster looking to buy a property, moving house, or are ready to remortgage, you’ll soon begin to realise there are many options out there for you when it comes to taking out your mortgage.
This article will feature a comprehensive list of the most popular mortgages available to customers currently on the mortgage market.
If you have any questions regarding any of the mortgage options below, please do not hesitate to get in touch. You can now book yourself in for a free mortgage appointment to speak with a dedicated mortgage advisor in Doncaster, at a time that suits you and your lifestyle.
A fixed-rate mortgage will mean that your monthly mortgage payments will stay the same for the duration of your mortgage term.
The length you want to fix your payments is your choice, with typical options being around 2, 3 or 5 years or longer.
No matter what happens to inflation, interest rates or the nationwide economy, you know that your mortgage payment, which is usually your single biggest outgoing, will not change.
A tracker mortgage will provide you with an interest rate that mimics the Bank of England’s base rate.
That means neither you nor the mortgage lender will set the rate and change as and when the base rate does.
You will be paying back at a percentage that is above the Bank of England base rate. If we use this in an example, the base rate is 1%, and you are tracking at 1% above the base rate, which means you will be paying back your interest rate of 2%.
Even though these deals aren’t as popular anymore, consider that your mortgage payments will increase if the base rate increases. If it goes down, yours will go down too. Of course, this will benefit you.
When you take out a repayment mortgage, you will be paying back a combination of both the interest and capital each month.
Going off the basis that you can keep your payments going for the mortgage term duration, you will be guaranteed to have paid it off in full and own the home of your dreams by the end of it.
That said, this is generally considered the most risk-free way to pay your capital back to the mortgage lender across the industry. Early in your term, the amount you’ll be paying will be mostly the interest, with your balance reducing at a slower rate, especially if your period is 25, 30 or 35-years.
The process quickens up within the last ten years or so of your mortgage, where you will be paying back more capital than interest, with the balance reducing at a far quicker rate.
While we do still regularly encounter many buy to let mortgages being set up on an interest-only basis (this is an option that works out much better for many landlords), it is increasingly difficult to get a residential property on an interest-only basis mortgage.
The reason for this is because once you reach the end of your term, you will still have the entire mortgage amount to pay off all in one go, with no additional income to fund the amount you’re required to pay.
There are various unique circumstances where this can be a suitable option for customers, including downsizing when you are older or if you happen to have other investments you can use to pay back the capital.
Lenders are often stringent when offering these products now, and the loan to values tend to be much lower than they were in previous years.
The way an offset mortgage works is that your mortgage lender will set you up with a savings account that will work in tandem with your mortgage account.
For example, let’s say that you have a mortgage balance of £100,000 and you deposit £20,000 into your savings account, you will only be paying interest on the difference between those figures, which would work out at £80,000.
This can be a very efficient way of managing your finances, especially if you want to be paying higher rates of tax.
Like fixed-rate mortgages, capped rates have a maximum amount that a customer will pay each month with a maximum interest rate. With that in mind, if you’re capped at, say, 5%, you’ll never go higher than 5%.
These can be more beneficial if interest rates start to drop, so, for example, if the rates drop to 4%, 3% or 2%, then your mortgage will do the same.
Flexible mortgages allow you to underpay and overpay by unlimited amounts. Underpayments are only allowed if you’ve overpaid first and have agreed with a lender to do so.
Overpayments can be reasonably beneficial, though, as you could end up paying off the mortgage early and with significantly less interest. Mortgage flexibility is usually a feature of offset mortgages.
There seems to be a rise in awareness of credit scoring from first time buyers and other consumers. This is from the increasing attention credit rating is getting from the general public. Our team has also found that when people get in touch with us, the majority have already viewed their credit reports online.
Experian or Equifax seems to be the two most common credit reference agencies but there are more out there. Check My File is something we do recommend to new clients. When they sign up, they get a 30 day free trial and after the 30 days will then be £14.99 a month, however, this can be canceled anytime. The color-coded report provides an easy-to-follow document that collates a range of information.
We find that clients have become more aware of the fact that too many credit searches can negatively impact their credit score. Therefore, our clients often ask if our mortgage advisors in Doncaster will do a credit search on them. Even though lenders always carry out credit checks, your dedicated advisor will require the client’s permission before doing any checks.
Banks provide two types of credit searches; hard search or soft search.
A hard credit search is when they take an in-depth look at your credit report and any financial institution carrying it out soon as you permit the financial institution to do so. The advantage of a hard credit search would be that the lender is looking into your situation quite carefully and if you pass the credit score, you increase your mortgage application’s chance of success.
As long as you have provided satisfactory documentation to back up the information you have disclosed and you haven’t provided false details, the search can be a success.
The footprint doesn’t state if your application was successful or not, however, if you have carried out a number of searches over a few weeks, this could cause the lenders’ system to decline.
Another benefit is that your credit file will have a record kept stating that you have carried out a hard credit search which is good when someone needs to look at your report. However, a credit file that states that there have been multiple searches carried out in a short period of time isn’t great because it could looks like you have applied for a vast amount of credit at the same time.
Having the odd hard footprint on your record isn’t bad. That’s why you shouldn’t worry too much about it, it’s just best to be cautious in having too much.
Unlike hard searches, a soft credit search provides a ‘lighter’ look at your financial situation. This type of search would normally be used on price comparison websites to provide which options you have or it could be used as a source to verify your identity. You may find some mortgage lenders carry out soft searches and it seems that more lenders are changing to this type of search.
With soft searches, you don’t get offered as much information as you would if someone carried out a hard search. A soft search wouldn’t leave any impact on your credit file if you fail. A lender will obtain less information compared to if they carried out a hard credit search. If you come out with an agreement in principle, the difference between the two doesn’t matter.
One factor that is helpful is that even though you would be able to see soft searches that got carried out on you, these searches are not visible to other financial institutions like banks. Therefore, you can apply for an agreement in principle without damaging your credit score regardless of if it is successful or not.
In the case where you are wanting to make an offer on a property, our mortgage advisors would suggest having an agreement in principle in place prior to you contact the estate agent. You should give yourself the chance to get the property you want at the lowest possible price.
A big advantage you can have on your part is if you have demonstrated that you have finances in the right place. Having an agreement in principle can also deter the agent from attempting to ‘cross sell’ their in-house mortgage services to you.
No matter the mortgage route that you end up taking, you could be a first time buyer in Doncaster, home mover or looking to remortgage, your mortgage lender will always request a copy of your bank statements. In fact, they will ask for numerous pieces of evidence to support your affordability for a mortgage.
Lenders look at bank statements for multiple different reasons. They will need to measure your mortgage affordability, reliability and determine whether you are someone who manages their finances responsibly.
The planning stage of your mortgage journey matters the most. As a mortgage broker in Doncaster, we would strongly advise that you think about your bank statements and consider what you want to show on them in the months leading up to your mortgage application.
Furthermore, when it comes to what a lender is looking for on your bank statements, a big thing that will catch their eye is gambling transactions.
Although gambling is not illegal, lenders do seem to judge your mortgage application less favourably if they can see large amounts of gambling transactions on your bank statements.
There’s a big difference between spending a little bit here and there when the grand national is on to frequently betting lots of money every weekend. This is why, especially during your mortgage application and the months leading up to it, you should remember to ‘gamble responsibly’.
A mortgage broker in Doncaster like us, nor a lender can ever tell you how to live your life, all we can do is ask for you to be careful. Lenders do have a duty to lend responsibly.
Lenders need to prove to regulators that they’re lending to responsible applicants, therefore they will never lend to someone who can’t take care of their own finances. Would you lend to someone who is constantly gambling over an applicant who hardly gambles?
The odd gambling transaction here and there shouldn’t affect your ability to get a mortgage. Lenders will look at the size of the transactions and how frequent they are.
They will also look at how these transactions affect your overall account balance. Do they make you dip into your overdraft? Are you borrowing money to gamble/gambling money that you don’t have?
If you’re acting irresponsibly with your money in the lead up to your mortgage application, the lender will notice all of these transactions straight away.
It’s not just gambling transactions that lenders will look for, they will also be looking for different things on your bank statements:
They need to be sure that you are the type of applicant that they want to lend to. From monitoring your accounts to asking you questions about your transactions, they need to be certain that they can trust you.
On the other hand, if you do happen to dip into your overdraft now and again, it shouldn’t have too much detrimental effect on your mortgage application. It’s when you are constantly dipping into your overdraft and are struggling to get out of it.
Being reliable and sensible is exactly what a lender is looking for. Plan ahead, show the lender that you’re serious about the mortgage process and want to present yourself the best that you can.
Usually, you will be asked to provide up to three months of your most recent bank statements. With this in mind, during these months, make sure that you take care of finances and be responsible and sensible.
If you gamble regularly, perhaps it could be an idea to take a break for a little while. Betting apps often hold betting limit features; this could be something to think about. As well as aiding your mortgage application, this may also be good for your mental health.
Our job as a mortgage broker in Doncaster is to help you through your whole mortgage process, from the very start! We will take a look at your evidential documents with you, making sure that you are presenting yourself in the best way possible for your situation.
Our mortgage advisors in Doncaster will hold your hand throughout your application. We have availability 7 days a week, so don’t hesitate to get in touch.
Once you have saved up a large enough sum of your income to put forward as your deposit, it is now time for you to get prepared for a mortgage!
We have put together a comprehensive list of some helpful, beneficial advice that will hopefully ensure you’re as mortgage ready as you possibly can be!
The first thing you should always have at the top of your list of things to do, is getting yourself an up-to-date credit report.
This is something that you should even do before you get in touch with a dedicated mortgage broker in Doncaster like ourselves for mortgage advice, as this will help make the process easier for you.
It is definitely a good idea to pay off any payments that you still have outstanding on your balance, even if you are holding back based on principle. We do sometimes hear of customers refusing to pay phone bills whilst in a dispute with the provider and it’s not something we recommend!
In doing this, you’ll have less going against you and can increase the likelihood of being able to obtain a mortgage. A helpful tip to remember is to make sure you’re on the voters roll, as that apparently has a positive effect on your credit score. Closing down any of your old credit cards also can be helpful.
Your dedicated mortgage advisor in Doncaster will be able to run through your credit report in the early stages of your mortgage journey, providing expert mortgage advice on what you can do to present your credit in the best light.
In the beginning stages of your home buying process, you will be asked to present some photo ID. Our customers usually prefer to put forward a driving license or passport to help with this.
Your driving license is something that you can also utilise for your address as well, though if you use it for proof of address, you can’t use it for proof of ID as you must have one for each, not one for both.
Any non-UK nationals who are now living within the UK will need to show us a copy of their Visa on top of this.
On top of proving your identity, you will also need some documents that can prove where your residence is. Generally speaking we find that regarding these, customers opt to use a utility bill or original bank statement that has a date of the last 3 months.
Alternatively, as mentioned above, if you choose to use a passport for photo ID, you can use your driving license as proof of address alongside it.
Your bank statements will be used as a means of evidencing your income and regular spending habits. If you’re a frequent gambler, we highly suggest avoiding gambling well in advance, as lenders do not like to see this on bank statements.
The same will apply in regards to going past overdraft limits and letting direct debits bounce. You must ensure you are as prepared as possible in order to present yourself as appealing to a mortgage lender.
Most lenders will want to take a look at your bank statements, as they like to go into the mortgage lending process with complete confidence that you are serious about your finances.
The bank statements usually needed are the ones that show your salary going in, and your bills and regular payments going out.
You will have to prove that you definitely have the funds in place to put forward for a deposit and be able to evidence this for the purposes of anti-money laundering.
We always feel that the best practice in this case, is to limit moving money around your accounts, as otherwise the audit trail can be a little more complicated.
Lenders have a preference of seeing your savings built up over time, so you’ll need to account for any large amounts that have been transferred into your accounts within any recent period of time.
Nowadays, we find that the deposits being put forward for properties are often gifted by family members. These are an increasingly popular way forward for first time buyers in Doncaster looking to find their footing on the property ladder.
These need to be evidenced also, with the person who has gifted you the money being required to sign a letter confirming it is purely a gift and not a loan that you are expected to pay back at a later date.
The most important thing when it comes to affordability is proving your income. This is often your last 3 months of payslips if you’re employed, with some lenders needing to see your most recent P60.
Lenders may also consider regular overtime, shift allowance, bonuses, and commission. If you have more than one employer (maybe you have a part-time job or are self-employed in Doncaster), lenders will also accept earnings from those.
These days, many applicants are self-employed and seeking fast and friendly Mortgage Advice in Doncaster. Self-employed applicants will need help from their accountants to request their last 2-3 years’ proof of earnings from the Revenue.
Our mortgage advisors in Doncaster are able to talk you through what to download from the Government Gateway if you’re in control of your own accounts.
It’s always smart to plan ahead and do your homework, creating an estimate of what you expect your outgoings to be after you move into your new home. This helps you to figure out roughly how much your council tax and utility bills will be, with any regular expenditures like food and drink added on as well.
It’s also helpful in showing you how much disposable income you’ll have available to pay your mortgage from. We’ll send you our version of a budget planner prior to your mortgage appointment, in hopes that you’ll find it handy to have.
As you can see from what has been mentioned in this article, it’s not super easy to get prepared for a mortgage, though by planning ahead and being careful, you it’ll be quite a bit easier! Putting in the hard work and remaining patient will definitely go a long way during your mortgage journey.
It’s unfortunate when you’re in a situation where you and your partner decide to part ways which means you need specialist advice. Getting specialist advice is important because you have joint financial commitments, and unwinding that side of things isn’t very straightforward.
Below are the top three questions we get asked on Divorce and Mortgage Advice regularly:
Getting a mortgage is a big financial commitment and making changes to your mortgage in the future isn’t always easy. Because of this, a lot of people aim to buy a house with their partner as a means of splitting the financial burden between two parties.
In circumstances that involve children, the partner who spends more time raising the children like a ‘stay at home’ parent will often stay in the property. It may be the case that the individual occupying the original home would prefer to take over the mortgage in their own right. This is not always easy!
You may be able to pay the mortgage and have the ability to demonstrate that you can independently. It does not, however, change the fact that you bought the property jointly. In other words, in the event of mortgage arrears, there are 2 people the lender is allowed to pursue.
The remaining applicant needs evidence that they can afford the mortgage before removing a party from a mortgage. This will give confidence that the remaining applicant can keep up the mortgage in the future. As well as this, the lender will need to assess your income even if you have kept up your mortgage payments in the past.
It’s common in these situations that someone will step in to replace the ex-partner like the family member or potentially your new partner.
When it comes to assessing the applicant’s affordability of the mortgage, many lenders have slightly different ways of doing this. Therefore, don’t lose heart if your current lender declines, we still may be able to help you.
Firstly, you need to understand that you are still responsible for any joint financial commitments you took out with your ex-partner, even if you are not a current occupant in the family home.
This rule is still in place even if you have come to an agreement with your ex that they will make all the payments.
If you are looking to buy a new property in the future, the mortgage payment for your old property will still be taken into consideration. Due to this, it’s important that you take mortgage advice before making an offer.
When it comes to how much you could be given by the lender, some are more generous than others. We will, however, take this into consideration when recommending the most suitable lender to apply for a mortgage agreement in principle with.
You can have 2 mortgages. Before lenders offer you a mortgage, they would use their own credit scoring systems and take many factors into account and ongoing financial commitments is just one of these.
As well as any other loans and credit commitments you may have, the monthly payments of the mortgage you will hold with your ex will need to be inputted.
After we have sorted all this for you, the maximum amount you are able to borrow will be confirmed to you by the various lenders’ systems. This will allow you to know your budget at the beginning and how much deposit you will need to put down.
Despite it being difficult to move on from your previous joint financial commitments, it’s good to remember that it’s all about risk from the lender’s point of view and their main intention for doing this is to avoid repossessions situations at all costs.
Buying a house in Doncaster or any property will possibly be one of the most significant financial decisions you make in a lifetime.
That said, first time buyers in Doncaster like yourself need to be aware of the additional costs when you purchase a house before you jump onto the property ladder.
One of the most considerable costs of buying a house is having a deposit. Your deposit will all depend on the price of the property you are purchasing.
For example, if the buyer has a 5% deposit of the purchase price and got accepted. A mortgage lender would then lend you the remaining 95%. The larger the deposit you can put down, the better mortgage deals you will may be eligible for.
You only need to deal with estate agent fees when selling a property. Their services can vary between companies, so make sure you try to find the best price and leading service before diving into anything.
We find that the cheapest agents tend to be online ones who don’t have to worry about the costs of maintaining offices.
If you prefer a more personalised service, you may have to pay an extra 1-2% of your property selling price. The fees usually have room for negotiations, especially in a “seller’s market”.
(A seller’s market is where agents are fighting to get your instruction because of the lack of houses on the market.)
A lender will need to be sure of whether the property is worth what you’re going to be paying for it. Your lender may offer you this service for free, although they may not send you a copy of the report in return.
When this is the case, you may need to pay a fee. The prices can vary and be more expensive if you wish to select a more detailed report or not; it is entirely up to your choice.
Your decision will likely depend upon the age and type of property you are purchasing, along with any concerns you have about the property in question.
Some mortgage products offer comparatively cheap rates. The benefit can be outweighed by an arrangement fee made payable to the lender. Not every product will have one, so the cost.
An example, could either be nothing, or as much as £999+. It all depends upon the lender and the product you have chosen.
Sometimes these are to be paid upfront or you can elect to add these to the balance of your mortgage, but you would then incur further interest charges.
As a mortgage broker in Doncaster, we can compare mortgage deals factoring in the costs to give you a more general overview of your expenses.
You’ll need to take up the services of a solicitor, wherein the fees quoted by various firms can differ by massive amounts.
Whether it’s a freehold or leasehold, you will need to give the property address and give the purchase price to obtain quotations on what you’ll have to pay.
In addition to your Solicitor’s fees and disbursements, you’ll be required to pay this tax which the solicitor collects on completion of the property purchase.
Full details can be found here – a residential purchase of £180000, the Stamp Duty would be £1100.
Your mortgage broker will usually charge a fee for their service. Please try to use a company that charges on completion only and avoid any application fees where your money will be at risk.
The cost of moving your furniture can vary significantly and will depend on the level of service you are looking for. If you are quite happy to hire a van and roll your sleeves up, this can cost less than £200.
On the other hand, if you are looking for a company that provides the full service this can be £1,000 plus.
If you would like to discuss the costs involved in obtaining a mortgage in more detail then please don’t hesitate to get in touch.
When you’re looking for a new home as a first-time buyer in Doncaster or a home mover in Doncaster, there is probably a list of things you will consider. This could be personal finances, mortgage arrangements, and the most suitable deal for you. When finding your dream home, you may be finding that perfect location, amenities and looking at what you can get for your money. Below is a list of factors to consider when you start hunting for your new home.
Your perfect location could be in the city or a more quiet, rural environment. What the location looks like might be a preference, however, it’s important to consider if the location will fit well with your day-to-day life. This could include the commute to work, access to shops or schools.
As mentioned before, your commute to work may be a factor to consider. Looking at transport links such as bus or train and finding the motorway links you may need to use can help in deciding if the location is best suited for you.
The quality of the school can be a key factor when deciding where to live. Fortunately, there are some brilliant schools in Doncaster. Many people like to look into the school league tables to decide which school they feel is best for their children to attend. It’s important to look at the catchment areas to see if it’s within the proximity of your new home.
Everyone’s lifestyle is different, so you need to look at the area your potential new home surrounds to see if it fits within your lifestyle. You will want to look at the places you need and see if they are within a reasonable distance to your home.
This could include shops, supermarkets, and restaurants. Then you may want to look at the things you would like to have, with popular preferences amongst buyers being a gym, open space or local parks. Creating a list of what you need and what you would like could be best when you’re deciding which house fits your day to day life.
This factor can depend on your circumstance and is something you decide to prioritise. This factor may be part of some people’s criteria when thinking of their dream home with situations like family support with the school run and childcare being important.
Value for money could be something to consider when deciding on a property. Looking into what you are getting out of the house, if it is the size of the house or if it has a back garden, in comparison to the price, can allow you to seek the best deal for you. In some instances, compromising on location may be the way to go if you feel it will benefit the amount you are paying on the home.
To some, a ‘community feel’ is something they look out for. The ‘wishlist’ you have compiled may fit your interests. Looking out for events such as clubs, book fairs, and markets, etc. can give you an idea of the overall community within the area you are looking at. Therefore, check out what happens within that area or ask an estate agent to find out for you.
It’s common that people look at their new home as a long term investment with the expectation that housing prices will rise. Check out the area to see if there are any investment plans such as developments, shops, sports facilities and new road links. Looking into any companies investing in the area could be important to you as this could affect your future house value.
It is possible to get a mortgage with a 5% deposit of a property’s value, although, you’ll find that some lenders may require no less than 10%. If you have come across this, you’re not the only one to have experienced it.
Our team of mortgage advisors in Doncaster are here to help. Here are some suggestions we recommend to help increase your chances of getting onto the property ladder with a small deposit.
Take advantage of government schemes under the ‘Own Your Home’ project. One of these schemes might offer the extra boost you need to continue through your mortgage journey.
With a handful of government schemes to choose from, buying a home is now more affordable than in previous years. These schemes have allowed first time buyers in Doncaster and home movers the opportunity to get themselves onto the property ladder.
This government scheme allows you to increase your total deposit size. First, you take out a Help to Buy mortgage with a minimum of a 5% deposit, and the government tops up your total deposit to make a total of 25%. The percentage that they give you is the ‘Equity Loan’. This amount will eventually need paying back as it is a loan and not a gift.
The loan will be interest-free for the first five years. Then, if it hasn’t been paid off, the remaining loan will begin to gain interest, starting at 1.75%.
Lastly, this scheme is only available for new-build purchases and for first time buyers. Therefore, if you’re a first time buyer in Doncaster, this scheme could be perfect for you and help improve your chances of securing a property with only a 5% deposit!
Shared Ownership lets you take a mortgage out on a percentage share of a property (usually anywhere between 25%-75%) and then pay the rest back via rent. Also, it’s worth knowing that you can increase the share of the property that you own further down the line if you want to.
If you want to go down this route, we recommend that you speak to an expert mortgage advisor in Doncaster before diving headfirst into the scheme.
A Lifetime independent savings account is a savings account where your money grows year on year interest-free. You can put as much money in it as you’d like each month, as long as it doesn’t exceed a total of more than £4,000 over the year. This is the maximum that you can save each year.
Each year, the government will top up what you’ve saved by 25%. So, if you save up to the maximum, you will get an extra £1,000 for free.
Right to Buy is a government scheme that lets you buy your home at a substantial discount if you’re a council tenant. You may be able to use your discount as a mortgage deposit so you can buy your home with fewer savings.
A 95% mortgage is when you borrow against 95% of a property’s price, covering the remaining 5% with your deposit. Of course, getting a mortgage is not guaranteed in any way, shape or form. You’ll still be required to pass things such as credit checks and affordability assessments.
There are other ways besides using government schemes to get a mortgage with a smaller deposit.
A mortgage in principle (AIP), also known as a decision in principle, is a written estimate from a bank or building society that indicates how much money you can borrow.
It can prove you’re a serious buyer and can, in theory, get a mortgage. We can usually turn around an agreement in principle for our customers in 24 hours.
In this situation, it’s not really about the deposit. An AIP indicates to the seller that they’ll be able to continue through the process quicker by choosing you as you will speed up their process!
Another alternative would be to carry on saving up. Even pushing back your home buying journey for a further couple of months could boost up the total amount of your mortgage deposit.
Your small deposit could become much more prominent if you knuckle down and save for just a little longer. Suppose none of the houses on the market are appealing to you in that area; even more reason to save up and wait!
Taking out a loan to cover your deposit can sometimes affect your ability to get accepted, and this is because you are essentially borrowing 100% of the mortgage.
Lenders will question whether you’ll be able to afford it or not. They can’t risk lending to you if that loan affects your ability to keep up to date with your mortgage payments.
This is a specialist topic, and we would advise that you speak to a mortgage advisor in Doncaster and get in touch with us first.
Firstly, Congratulations! You have passed all of the necessary exams and are now a newly qualified teacher. Now all you have to do is find a teaching position and start gaining some teaching experience.
For some, to be closer to that job, you may be required to look at relocating to Doncaster. If you already own your own home, you may benefit from the help of a mortgage broker in Doncaster.
We have dealt with many customers who feel stressed trying to balance the strain of homeownership whilst settling down within your newfound role in teaching.
Hopefully, with the help of a mortgage advisor in Doncaster, your process will go a lot smoother and quicker, reducing your stress levels.
The challenging part is finding a lender willing to offer a mortgage to newly qualified teachers. Mian reason being NQT having little to no work history or being on a temporary contract.
The good news is, some lenders may even offer good deals with those working within the teaching industry from time to time and always a good idea to go to a mortgage broker. For instance, with the help of a mortgage broker in Doncaster, they can search thousands of deals and match your situation to the right lender’s criteria.
The different types of mortgage available for newly qualified teachers commonly include:
Here are some things that lenders may consider during your process:
Our team of mortgage advisors in Doncaster have much experience working throughout this industry, helping various people with similar situations such as yourself.
Most importantly, there are lots of benefits to home buyers using a trusted first time buyer mortgage broker in Doncaster.
For more information get in touch, and we can book you in for a free mortgage consultation. From there, we take some details from you to determine whether or not you have a chance of obtaining a mortgage suitable to your circumstances.
No matter your mortgage situation, it’s essential to seek mortgage advice in Doncaster at the start of your mortgage journey, whether you are a first time buyer or looking to remortgage in Doncaster.
Getting expert mortgage advice can be the difference between an application getting accepted and being rejected. Taking matters into your own hands can work against you as you aren’t as experienced in looking for certain things.
Our team can search through thousands of mortgage deals for you, which will hopefully save both your time and money during your mortgage process.
It’s the job of your dedicated Mortgage Advisor in Doncaster to find you the mortgage deal that is the most appropriate for your circumstances. Some say that there’s no significant difference between an advisor and a broker, which is partially true and untrue.
Mortgage advisors are trained professionals working either for a mortgage broker, independently or for more prominent banks or building societies. The difference comes into play when looking at the companies those advisors work for, compared to Doncastermoneyman.
However, here at Doncastermoneyman, we can tell you our team of specialist mortgage advisors in Doncaster are authorised and regulated by the Financial Conduct Authority and have access to a large panel of various mortgage lenders pick and choose a deal depending on how appropriate it is.
Many of those advisors working directly for the lender will only offer their products, along with biased advice.
Our mortgage advisors in Doncaster have in-depth knowledge of lending criteria and experience providing expert advice to customers with all types of individual situations.
For first time buyers looking to take that first step onto the property ladder, the process can be confusing.
It’s here where our dedicated mortgage advisors can take the reigns and walk you through every step, supporting you through the most stressful moments, leading up to when you get your keys and, if necessary, beyond.
It may be that you need mortgage advice in Doncaster because you are looking to remortgage for home improvements/release equity or purchasing your next property to move into or add to your portfolio.
Our team of specialist mortgage advisors in Doncaster in Doncaster can help find suitable mortgages for a landlord looking at buy Let mortgages.
One of the many benefits of using a mortgage broker in Doncaster is that the process will likely go a lot smoother than it would’ve been if you had opted to go alone. Buying a home can be a very stressful experience, and our customers like to know they have got someone on their side to answer all their questions and queries. Here are some other ways we are also able to help:
Our mortgage advisors in Doncaster job is to ensure you have the highest chance of being accepted the first time possible. Nothing is ever guaranteed, but with our help, you’ll hopefully be one step closer.
We are proud to have the quality of service we provide to our customers seven days a week.
We put our people at the heart of our business and always aim to exceed their expectations. Get in touch with your mortgage broker in Doncaster today and benefit from a free mortgage consultation with a member of