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Moving Home Mortgage Advice in Sunderland

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Taking the Stress Away From Moving Home in Sunderland

It has been said over the years that moving home can potentially be one of the most stressful experiences you will face in your life. That being said, with a mortgage broker in Sunderland working alongside you, a large portion of that stress will hopefully be taken away, something we intend to achieve with all customers.

 

One of the main reasons for the process of moving home being considered so stressful, is that you will be purchasing and completing a sale at the same time.

 

Lucky for you at least,the paperwork and simultaneous completions will fall into the hands of your conveyancing solicitor. You will still have to secure the current ongoing purchase as well as finding a buyer for the property you’re selling, during that time.

A Fast & Friendly Mortgage Service

If you are looking to get started on moving home in Sunderland, our experienced team will do their best to ensure that every part of the process goes as quickly and as smoothly as possible. We will on hand from early until late, every day of your mortgage journey to support you and answer any questions that you may have.

 

We have the ability to search through 1000s of mortgage products in order to find the most ideal one for your current financial and personal standing. Please do not hesitate to contact us if you’re looking to move home and need expert mortgage advice in Sunderland.

 

We offer all customers who get in touch a free no-obligation mortgage appointment. We look forward to helping you start the next chapter in your home owning journey.

 

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 Sunderland

Whether you are currently living outside of the Sunderland area and are looking to relocate or are currently living in the area and looking to move within the city, our team of experienced mortgage advisors have provided expert mortgage advice in Sunderland to many customers, helping them to reach their home owning dreams.

 

Here are some frequently occuring home moving scenarios that we across when speaking to customers.

How Much You Can Borrow & The Costs

We find that a great deal of our customers contact us earlier in their mortgage process for mortgage advice in Sunderland. Usually, this is because those customers are looking to get a general estimation of how much they would be able to borrow, the interest rates at which this amount would be, and how much their monthly repayments could be.

Need an Agreement in Principle

Once you have taken part in our Free Mortgage Appointment, your dedicated mortgage advisor will then embark on a search of 1000s of  mortgage products, working hard to try and find you the best deal. If you are happy to proceed with our recommendation, we can start looking at getting your mortgage agreed in principle.

 

With your mortgage agreement in principle (AIP) in your possession, you are then readily prepared to back up any potential offers that you would like to make on a particular property during your current mortgage journey in Sunderland.

Your Offer on a New Home Has Been Accepted

If you’ve had an offer already accepted on your new home in Sunderland, you’re now ready to head back and speak to your mortgage advisor, ahead of starting your full mortgage application process. We also have the ability to help with different types of property surveys and recommend a trusted conveyancing solicitor to you.

Having Trouble with the Bank

There are a lot of different reasons as to why your bank or building society may reject the mortgage application you make. This could be anything from not meeting their credit scoring criteria, or the lender simply not being willing to lend you the amount you require.

 

No matter what the reason may be for being declined, it will still be worth your time contacting an experienced mortgage broker in Sunderland like Sunderlandmoneyman, as we work with a vast array of mortgage lenders who can offer specialist or niche products, tailored to those who may struggle with a mortgage due to their credit history.

 

Once again, things like this will always come down to your individual circumstances and what is being shown on your current credit file. Our mortgage advisors in Sunderland have a large amount of knowledge and experience in working with these products and helping customers match up to their criteria.

 

The above list demonstrates the most common reasons our customers reach out to us for mortgage advice when they are ready to start moving home. If you do not fall into any of these categories, it is still worth taking the time to get in touch and speak to a member of our team. It’s likely we’ll have worked on a similar situation before and we’d love to help you.

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

If you are looking at your options for moving home in Sunderland, then our team of hard working and dedicated mortgage advisors in Sunderland will be able to have a chat and provide any necessary guidance. They will work alongside you from your initial enquiry, all the way through to getting the keys to your dream home.

 

The team we have on hand here at Sunderlandmoneyman are very experienced with helping customers find their footing on the property ladder and we rarely find a situation that we haven’t encountered at any point in the past. We are well equipped to take on complex cases.

 

All of our customers will receive a free home movers’ review, with zero obligation to proceed. As a part of this review, we will take a look at what it is that you’re hoping to achieve and ensuring that this is an affordable route for you to take. In doing so, we’ll be taking a look at both your monthly payments and the maximum that you may be able to borrow.

 

Once we have run through some initial bits of information with you and made a note of your goals during your free home movers review, your trusted and dedicated mortgage advisor in Sunderland will take a step back and begin a search through 1000s of different mortgage products to find you the best deal for your circumstances.

Getting Your Mortgage Agreed in Principle

If you are happy to go ahead with our recommendation, we will then look to get you sorted with your mortgage agreement in principle, something that we are able to obtain for you within 24 hours of your initial appointment. This will help to back up any offers that you would like to make on a property.

 

Once you have found your new home in Sunderland and the seller of the property has accepted the offer you have made, our dedicated and trusted team will then process your full mortgage application, taking good care all the way through until it is completed.

 

In the eyes of our team, it’s not just about finding the best mortgage for you, we go beyond that. We’re also able to help with the various surveys available to you and can help you get any conveyancing solicitor quotes.

 

As well as recommending the most appropriate mortgage to you, your advisor will also recommend appropriate insurances to help cover your remaining mortgage payments in the event of something unfortunate happening.

 

We work purely for our customers and have no partnerships with any estate agent, bank, or building society. Our team are ready to help you find success in your moving home dreams. We can’t wait to hear from you!

What our customers say

Common mortgage
questions

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.

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.

Handy quick links

Sunderlandmoneyman.com & Sunderlandmoneyman 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 Sunderlandmoneyman

Sunderlandmoneyman – Hope Street Xchange, 1-3 Hind Street, Sunderland, SR1 3QD

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