As open & honest providers of top level Mortgage Advice in Rugby, there isn’t often a situation that we haven’t come across at some point in the past. Throughout our history as a Mortgage Broker in Coventry and Rugby, we have helped a lot of different homeowners and home buyers alike, to reach their mortgage dreams.
Whether you are buying a property for the first time, are moving into a new home in Rugby or are remortgaging your long standing family home, we always aim for mortgage success. Of course these aren’t the only mortgage options you’ll have, as can be seen below. There are a vast amount of mortgage scenarios that you may encounter throughout your mortgage process.
If you are looking to buy your first ever home, you may not be sure of the right steps you need to take. You will be going through what is possibly the biggest financial commitment of your life, something that once you realise, can be understandably nerve-wracking.
It’s our job as dedicated mortgage advisors in Coventry & Rugby to help you take that initial step onto the property ladder, providing advice on all the appropriate actions to take, on your way to purchasing your first home. From your first appointment, until your mortgage completes and beyond, we’re here for you.
Maybe you are a current or hopeful investor in the property market, looking to make a purchase on a Buy to Let property. This is a regular occurrence here at Coventrymoneyman. Buy to Let is a very popular option, as it can be very rewarding in the long run.
Our trusted team of mortgage advisors in Coventry & Rugby are experienced in growing relationships with landlords who get in touch, helping them to build up their property portfolios. This is the case whether they are making a purchase in their name or with a SPV (Special Purpose Vehicle), such as a Limited Company.
If you are already a homeowner, you will find that before long you’ll be nearing the end of your initial fixed-period on your mortgage. At this point, you may want to look at your options for remortgaging your home.
You may do this is to find yourself a better deal, to release an amount of equity to put towards home improvements, to raise capital or something else. In any case, remortgaging is a very popular choice amongst homeowners who have memories in their home and would rather stay put than move.
For those who are self-employed mortgage applicants in Coventry & Rugby, you may find that the most difficult part of your process is evidencing your income. This is because you need to prove that you have a consistent and sufficient income. Whilst this can be a challenge, by now means is it impossible to do so.
Our team are experience in helping self-employed mortgage applicants find their place on the property ladder. Your dedicated mortgage advisor will go through all the details of your case with you, recommending an appropriate mortgage product and best advising on the path you should take. This will hopefully allow you to have a higher chance of mortgage success.
If you are already a homeowner in or around Rugby and are near the end of your initial fixed-period, you may want to think about moving home. There are lots of reasons why a homeowner may want to move home, rather than remortgage. Perhaps you need the space for an office or family growth? Maybe you are wanting better living costs? Some simply want a change of scenery.
As a team that prides itself on providing a top level of mortgage advice in Coventry & Rugby, we know the moving home process is a very stressful one. You have to find someone to buy your home, pack your belongings and make arrangements for your new home purchase. We will work hard to reduce your stress, taking the burden of the mortgage process off your shoulders.
As a trusted and knowledgeable mortgage broker, we have been working in the mortgage industry for well over 20 years now. Throughout our time in the mortgage world, it is likely that our dedicated Mortgage Advisors in Coventry & Rugby have encountered most mortgage scenarios that would come to mind.
Using our industry knowledge, collective experience and team determination, we will do everything we can to find you a competitive mortgage deal. With a variety of factors to look at such as the current state of your credit file and affordability checks, we will hopefully be able to help you achieve mortgage success.
Our amazing team of mortgage advisors in Coventry & Rugby are here to answer all your mortgage questions. We work 7 days a week, from early until late at night, to provide our customers with a mortgage service that is available at times convenient to you, appointments subject to availability.
We always want the best for our customers, no matter the situation. Let us help you find the best mortgage deal for your circumstances!
If you need any assistance with a mortgage, contact a reputable and experienced Mortgage Broker in Coventry & Rugby today. Our team of hard working mortgage advisors in Coventry are here to help you obtain a mortgage, with a top level, fast & friendly mortgage advice service in Rugby.
No matter if you are a First Time Buyer, hoping to move home, are a current or new landlord looking to obtain a Buy to let mortgage, or simply need expert Mortgage Advice in Rugby, we are here to help in any way we can.
Book a free mortgage appointment or a free remortgage review today and a trusted mortgage advisor in Coventry & Rugby will do their best to help you.
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!
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.
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.
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
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!
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.