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Mortgage Advice in Binley

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A Mortgage Advisor in Binley you can Trust

Welcome to our website, your home of expert Mortgage Advice in Binley. Our trusted team of mortgage advisors are here to help you every step of the way, through your home purchase or remortgage. If your situation is more complicated then rest assured you are in safe hands, it isn’t often there is a situation we have not come across before.

Speak to your expert Mortgage Broker in Binley today and receive a free mortgage consultation.

All Mortgage Situations Considered

First Time Buyer Mortgage Advice in Coventry
Moving Home Mortgage Advisors
Remortgage Advisors in Coventry
Buy to Let Mortgages
Self Employed Mortgage Advice
Help to Buy Mortgage Advisor
Right to Buy Mortgage Advice
Specialist Mortgage Advice in Coventry

Why Us?

We don’t work with estate agents, banks or builders.
We have only your interests at heart.
Coventrymoneyman is authorised and regulated by the Financial Conduct Authority.
We are able to search 1000’s of mortgage deals on your behalf.
Our advisors have experience dealing with various mortgage situations.
We stay up to date with all lending criteria.
We offer all customers a free initial mortgage consultation.

We search 1000s of mortgage deals across a large number of lenders, including:

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How do I transact with my Mortgage Broker in Binley?

You’ll benefit from a free initial mortgage consultation with one of our experts. Out of hours mortgage advice isn’t a problem, we have in-house mortgage advisors working until late to take your mortgage enquiries. Give us a call, we may be able to help!

Why shouldn’t I go to my bank for Mortgage Advice in Binley?

The banks’ mortgage advisors are only able to offer products from one lender – Themselves. Their mortgage advisors can also be rather hard to get an appointment with, so if you’re actively looking at properties or are ready to offer this can be very frustrating. Seeking advice from a professional mortgage broker can also work in your favour, as we can compare deals. We have a large number of mortgage lenders on panel, some with very specialist mortgage products available. Worry not, we have a lot of experience and knowledge in providing mortgage advice to customers with a variety of situations.

My bank turned me down – Will you be able to get me a mortgage?

Quite often, customers that contact us for mortgage advice have been turned away by their bank for reasons such as income types, credit score, property type and the bank won’t lend enough. More often than not, we are able to help with this.

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We’ll help and support you anytime you need us, 7 days a week! The home buying process isn’t always easy, we’ll help you over any hurdles you face.

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We’ll aim to make you feel relaxed and be open and honest – We’ll take away the stress.

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Please read our genuine customer Reviews at Reviews.co.uk. Your service is really important to us!

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Mortgage advice is available morning, evening or at the weekend. We’re here at a time that suits you and your family.

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We’re not like a bank – We’re able to search 1000’s of mortgage deals in order to recommend the best one for you!

Common Mortgage Questions

Once your free mortgage consultation is complete, we can arrange an Agreement in Principle for you. We can usually get you one within 24-hours of your application.

We will then try and find you a perfect deal for your individual situation. If you want to proceed, we can get your mortgage application ready for submission. Once submitted, a formal offer usually takes more than three weeks.

To back up your mortgage application, you’ll have to provide some evidential documents. This will include things like ID, bank statements, your latest P60 and payslips.

Your dedicated Mortgage Broker in Coventry will go through every step with you to make sure that you get it right!

Yes, you can get a mortgage as a Self Employed applicant, however, you must be able to submit at least one years’ accounts. Not all, but most lenders will use your salary plus dividend to work out the maximum mortgage amount that you can borrow. Sometimes, lenders will also go off your net profit.

It may require you to try and obtain a specialist product, however, yes, it can be possible to get a mortgage despite having bad credit. As a Mortgage Broker in Coventry, in the past, we’ve seen lenders request 10%-15% deposits.

This all depends on the property price and your credit rating. However, in most cases and if you have good credit, most high street lenders will require a minimum of a 5% deposit.

Yes, you can get a second mortgage in Coventry. Here are the most common reasons why people want a second mortgage:

– Debt consolidation
– Home improvements
– Buy to Let
– For a better deal
– Divorce/Separation

Even if your situation isn’t on this list, still feel free to get in touch and we will if we can help.

Usually, depending on the lender that you’ve used, your Agreement in Principle will last anywhere between 30-90 days. If your Agreement in Principle expires, you can easily renew it. If you get in touch with your Mortgage Broker in Coventry, they can arrange this.

Obtaining an Agreement in Principle (AIP) is a crucial part of the mortgage process. As a Mortgage Broker in Coventry, we advise that you get one prior to viewing properties.

Having an AIP in place nice and early could allow you to negotiate prices when making an offer. Of course, you will need to back up your affordability for a mortgage. You are only agreed in principle of providing evidential documents to support your application. Our team can help you with this.

The mortgage process can be made simple by using a Mortgage Broker in Coventry like us. Our mortgage process includes a simple fact find, a free mortgage consultation, then application submission. We can arrange an Agreement in Principle within 24-hours of all of this. We just need some evidential documents from you then we can get the ball rolling!

When it comes to your Remortgage, the fees involved will be similar to those when you started your current mortgage. Your dedicated Mortgage Advisor in Coventry will run through these fees with you. We will always take these fees into account when recommending a new product.

Your free initial mortgage consultation in Coventry will last around an hour. Firstly, your Mortgage Advisor in Coventry will get some information from you to find out about your mortgage needs and situation. Once we have some details from you, we can begin looking for mortgage deals.

Your dedicated Mortgage Advisor in Coventry will search through 1000’s mortgage deals, trying to find one that matches your personal and financial mortgage situation. If we find a deal, we’ll recommend you with the product. If you are happy to continue, we can get the ball rolling with your mortgage application.

Your free remortgage consultation will last around an hour. During your consultation, you will speak with a Remortgage Advisor in Coventry who’ll ask you some questions to learn a little more about your remortgage needs.

Once they know a little more about you, they can go away and start comparing remortgage products. They will compare new deals to your current product and then recommend whether you change or not. If we find a competitive deal that will benefit you, we will recommend that you take it. However, if we feel like it’s best that you stay with your current deal, we will be open and honest with you and tell you so.

If you have built up unsecured debts (e.g. personal loans), and are struggling to pay them off, depending on the size of your mortgage and the size of the debts, you may be able to incorporate your debts into your mortgage.

As a Mortgage Broker in Coventry, we recommend that you don’t rush into debt consolidation. The topic is quite complicated and there are some downsides to doing it. In light of this, we’d advise that you speak to a Mortgage Advisor in Coventry before starting the process.

Once you complete your fixed-mortgage term, you will fall straight onto your lender’s standard variable rate of interest (SVR). Their SVR is likely to have a higher rate of interest than your current product’s rate, which means that you’ll be paying more for your mortgage payments each month.

This is why it’s important to Remortgage. Remortgaging could help you find a better mortgage deal that is not only competitive but also matches your personal and financial situation.

Our job is to try and find you a deal that saves you time and money. We will compare your previous mortgage deal to 1000’s remortgage products in order to make sure that you are gaining more switching than renewing your current deal. We will be open & honest with you during every step of the process.

When it comes to Right to Buy Mortgages, most lenders will use the government’s discount as your deposit. However, some lenders will want an extra deposit on top of the discount. This is usually the case when an applicant has had previous credit problems.

If you are thinking of purchasing your council house using the Right to Buy scheme, feel free to get in touch with our Right to Buy Mortgage Advisors in Coventry. We will see if we help you get the process started.

If you are looking to put down a deposit for a Buy to Let, lenders are going to likely want 25% of the property’s value.

This can vary, before now we’ve seen some lenders wanting between 20%-40%.

To purchase a property in Coventry through the Help to Buy scheme, you’ll need a minimum of a 5% deposit. The government will top up your deposit to make up a total of 25%.

E.g. If you put down a 10% deposit, the government will loan you an extra 15%.

Coventrymoneyman.com & Coventrymoneyman are trading styles of UK Moneyman Limited, which is authorised and regulated by the Financial Conduct Authority.
UK Moneyman Limited is authorised and regulated by the Financial Conduct Authority.
UK Moneyman Limited registered in England, registered number 6789312 and registered office 10 Consort Court, Hull, HU9 1PU.

© 2021 Coventrymoneyman

Coventrymoneyman – Sherbourne House, Humber Avenue, Coventry, CV1 2AQ

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