Welcome to Sunderlandmoneyman, home of Mortgage Advice in Ashbrooke. As expert Mortgage Advisors, we are here to help you through every step of your mortgage process, whether you are a First-Time Buyer, looking to become a Buy-to-Let landlord or ready for your Remortgage.
Our team are incredibly proud of our mortgage advice service, aiming to go above and beyond for every customer. Please feel free to look at our genuine customer reviews at Reviews.co.uk to see for yourself.
Unlike a lot of larger mortgage advice companies, we are a smaller and experienced team of friendly Mortgage Advisors in Ashbrooke, we are here to answer all of your mortgage questions. As a expert Mortgage Broker in Sunderland, we can search thousands of mortgage products to find you the best deal based on your individual circumstances.
Whatever your personal mortgage circumstances, we would love to help you!
We have only your interests at heart.
Sunderlandmoneyman 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.
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. Worry not, we have a lot of experience and knowledge in providing mortgage advice to customers with a variety of situations.
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.
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.
We’ll aim to make you feel relaxed and be open and honest – We’ll take away the stress.
Please read our genuine customer Reviews at Reviews.co.uk. Your service is really important to us!
For a Help to Buy, you will need to have at least 5% of the sale price of your new build property in Sunderland. The Government will then loan you an additional amount up to 20% of the properties value.
The discount provided by the council is what lenders will often use as your deposit. Some lenders however, will require you to put down an additional deposit on top of the discount. This is sometimes the case if you’ve been struggling with credit in the past. A trusted mortgage advisors in Sunderland are able to answer your right to buy deposit questions.
This can vary between 20%-40%, though the minimum deposit for a buy to let mortgage is generally 25% of the property value.
If you are on your lenders SVR (Standard Variable Rate of Interest), your chances of saving money go up. A member of our team will compare the new products available against your existing mortgage deal, in order to work out these savings for you. If you have equity in your property, a remortgage would also present you with the opportunity to release some of this money if required. We often find that this is used for things like home improvements.
Some people opt to remortgage and increase the size of their mortgage to pay off any unsecured debts that have gathered over time. Please do not rush into a decision like this though, as there are some downsides. We recommend that customers always seek Mortgage Advice in Sunderland prior to consolidating debts!
Your free initial remortgage consultation in Sunderland will last roughly an hour. Your given advisor will then compare a new deal against your current product and recommend the most appropriate one, with no obligation to you. You are free to decide whether you wish to go ahead with the mortgage, or take a step back.
The fee that will be involved with a remortgage will be similar to the ones involved when you started your current mortgage. Your dedicated Mortgage Advisor in Sunderland will be able to run through all of the fees with you prior to agreeing to anything. They will take these into consideration when comparing the savings of the new deal vs your current mortgage.
Your free initial mortgage consultation with a mortgage advisor in Sunderland will last round about one hour. They will then recommend a mortgage for you, wherein you have no obligation to proceed and you can decide whether or not that particular deal is something you’d like to go forward with.
As a trusted and well experienced mortgage broker in Sunderland, we will first carry out a Fact Find to establish your personal needs, before we begin searching and recommending the most suitable mortgage for you. A credit check will be required for an Agreement in Principle. A formal mortgage offer can be issued once you have provided all the relevant documentation and a valuation of the property has been undertaken.
To avoid any kind of disappointment with a property, we recommend you obtain an Agreement in Principle before you begin property viewings in Sunderland. We would say that at the very latest, you should obtain one before you start to make offers, in order to assist your bargaining position.
A standard Agreement in Principle typically lasts for around 30 to 90 days depending on the Lender. If your Agreement in Principle expires, you can get it easily refreshed.
You may have the option of getting a second mortgage on your home for things like debt consolidation or Home Improvements. This can also be possible if you’re wanting to use it for yourself, a family member, a holiday home or a Buy to Let.
The minimum deposit for purchasing a home in Sunderland with a mortgage lender is typically 5%. This figure can possibly be higher if you have had previous credit problems.
If you have had credit problems previously in life, you may still have a chance at obtaining a mortgage, but you may be required to put down a higher deposit than usual. This could be be 15% of the property purchase price.
Once you have submitted at least one year’s accounts to the lender, you may be eligible for a mortgage. Most Lenders will calculate the maximum mortgage with salary plus dividend, whereas others sometimes go off your net profit.
A lender will usually need three payslips for an employee to prove income and the latest 2 years’ accounts for an applicant who is self-employed. You will also need to provide them with proof of ID, address and 3 months’ bank statements.
Your free consultation with a mortgage advisor in Sunderland will typically lasts up to an hour or so. We have the ability to turn round an agreement in principle within 24 hours. A formal mortgage offer has been known to take roughly about three weeks on average.