Moving Home Mortgage Advice | Coventrymoneyman

Moving Home Mortgage Advice in Coventry

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Taking the Stress Away from Moving Home in Coventry

Many people believe that the act of moving home in Coventry is one of the most stressful experiences you will ever endure during your life.

 

We sincerely hope that by using the services of a mortgage broker in Coventry, you’ll be far less stressed than you otherwise would have been without the help of our mortgage experts.

 

One of the primary reasons why people believe moving home in Coventry to be a stressful process to take on, is that you will not only be buying a new home for yourself, but you will also be selling your existing property at the same time.

 

You can worry a little less about this knowing that the paperwork and simultaneous completions will be completely the responsibility of your conveyancing solicitor.

 

Alas, you will still have to secure a property purchase though, as well as finding a buyer for the property you’re selling, all within the time frame.

 

Mortgage Advice for Home Movers in Coventry

 

If you are considering the different options you have for moving home in Coventry and surrounding areas, get in touch today. Our experienced team of mortgage advisors in Coventry will make sure that you have as smooth of a mortgage process as you possibly can.

 

We are there to support our customers across every stage of their mortgage journey, answering all of their questions along the way.

 

Our brilliant team of mortgage advisors in Coventry have the ability to search through thousands of mortgage deals in order to find the absolute best one for what it is you are looking to achieve.

 

Book your free mortgage appointment today and allow us to make your life just that little bit easier, during your home moving process.

 

How does it work?Get a quote nowMeet your advisor

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

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Moving Home Mortgage Advice in Coventry

No matter of you are considering a relocation to Coventry or already live within the immediate area and are looking to move to a new home in the same area, you’ll find our service to be beneficial. Our expert team of mortgage advisors in Coventry have helped countless customers, like you, in achieving their mortgage goals.

 

Below we have compiled a list of the most common situations we have encountered with home movers in Coventry. You may find a similar situation to yours;

Wanting to Know How Much You Can Borrow & The Costs

We find that lots of customers will book in to speak with us early on in their mortgage process, as they are looking to take advantage of expert mortgage advice in Coventry.

 

Generally speaking in these cases, our customers are looking to get together a rough estimate of how much they could potentially borrow, the interest rate that they would have and the total cost per month for their repayments.

You Are in Need of an Agreement in Principle

Following on from your Free Initial Mortgage Appointment, your dedicated mortgage advisor in Coventry will spend some time looking through 1000s of unique mortgage products, with the goal of finding the absolute best one for your circumstances.

 

If you are content in proceeding with our mortgage recommendation, we will then be able to carry on progressing your mortgage and helping you obtain an agreement in principle (also known as decision/mortgage in principe). An AIP will help to back up any offers you make on a property in Coventry.

Your Offer on a New Home Has Been Accepted

During the search for a property, you may have made an offer to someone. If they have accepted that offer, it is now back to your mortgage advisor in Coventry to move towards the final stages of the full mortgage application.

 

We are also able to provide any help and support in suggesting a type  of property survey and recommending a reliable conveyancing solicitor.

You Are Having Trouble with the Bank

From not meeting strict criteria to not be able to borrow enough, there are lots of reasons why you may have trouble with or even be declined by a high street bank.

 

Regardless of the reason you are declined, it is still worth your time getting in touch with a mortgage broker in Coventry. Doing so allows you the choice of exploring further options and gaining access to potential specialist mortgage deals that you wouldn’t be able to benefit from going direct.

 

We have a strong panel of mortgage lenders with a grand selection of unique mortgage products on offer, covering situations such as bad credit mortgages. Your mortgage advisor will help with finding the most suitable one.

 

It’s very rare that we come across a situation we have never dealt with before. Book your free mortgage appointment today and we will see how we are able to help.

Looking to Move Home in Coventry? We may be able to help.

For customers who are looking to move home in Coventry with a mortgage in tow, you’ll benefit from speaking to our team of mortgage advisors in Coventry. From your initial point of contact, up until completion and beyond, we’ll be there to support you and guide you along the right path.

 

Our open & honest team here at Coventrymoneyman have a lot of mortgage world experience, helping customers to take their next steps up the property ladder.

 

Every customer who contacts us will have the benefit of a free no-obligation home movers’ review. During this step, we will take a look at your mortgage plans and determine your affordability, reviewing your monthly mortgage costs and the maximum amount you could have access to.

 

Following on from taking some primary information from you, we’ll have built up a solid picture of what you’re looking to achieve, with your mortgage advisor in Coventry using this to review 1000’s of mortgage deals, to find the best one that you match up with.

 

If you are happy to proceed with our mortgage recommendation for you, we can help you obtain a mortgage agreement in principle, to back up your offers.

 

Once you have found a new home in Coventry and your has been accepted, our team will work hard to process your complete application, ensuring you’re informed and looked after until completion and even past that.

 

After your mortgage has completed, you will also receive appropriate insurance recommendations from your trusted mortgage and protection advisor, as these will protect you from any unpredictable circumstances that could have an adverse effect your mortgage being paid back.

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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!

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.

We make it so easy!
Our 4 step process

Step 1

A telephone call where we can take some initial details and find out about your plan of action.

Step 2

Enjoy finding a property!

Step 3

Make an offer on the property you set your heart on – we’ll finalise your figures and help you to get a good deal.

Step 4

Our mortgage recommendation. We’ll try to find you the best mortgage deal. We’ll be there to support you, right through to you getting your keys.

A telephone call where we can take some initial details and find out about your plan of action.

Enjoy finding a property!

Make an offer on the property you set your heart on – we’ll finalise your figures and help you to get a good deal.

Our mortgage recommendation. We’ll try to find you the best mortgage deal. We’ll be there to support you, right through to you getting your keys.

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Coventrymoneyman.com & Coventrymoneyman are trading styles of UK Moneyman Limited, which is authorised and regulated by the Financial Conduct Authority.
UK Moneyman Limited is Registered in England, No. 6789312 | Registered Address: 10 Consort Court, Hull, HU9 1PU.

Authorised and Regulated by the Financial Conduct Authority.
We are entered on the Financial Services Register No. 627742 at www.register.fca.org.uk

The information contained within the website is subject to the UK regulatory regime and is therefore primarily targeted at customers in the UK.
Should you have cause to complain and you are not satisfied with our response to your complaint, you may be able to refer it
to the Financial Ombudsman Service, which can be contacted as follows

The Financial Ombudsman Service, Exchange Tower, London, E14 9SR
www.financial-ombudsman.org.uk

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

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