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.
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.
Porting a mortgage is where you transfer your mortgage from your current property over to another property when you move home.
You will find that most mortgages are “portable”, however, it entirely depends on your mortgage lender as to whether or not you are able to do this.
When moving home in Sunderland, if you are looking to achieve this, please reach out to us and we will help you prepare these arrangements with your lender.
There are many different costs that come with moving home, mostly because you are buying and selling one at the same time. Home buyers often end up spending double their money for added solicitor and estate agent fees.
When moving home in Sunderland and taking out a new mortgage, you must consider mortgage arrangement fees, property survey fees, removal fees and broker fees from a mortgage broker in Sunderland.
When moving home in Sunderland, the sale of your current house will be used to fully repay your existing mortgage balance.
If you are not porting your mortgage and are planning on taking out a new product on your new home, you will need to put down another mortgage deposit.
Some mortgage lenders may allow you to pay off your mortgage early, however, if you choose to do so, you may be subject to early repayment charges (ERCs).
Some mortgage lenders may cap how much you are able to overpay by. Most of the time your overpayments will be capped at around 10% of your remaining balance.
If you are on a standard variable rate you should be able to overpay as much as you want.
Our Customers Love Us
5.00 Rating13 Reviews
Our mortgage advisor Charlie Bryson has been amazing with me and Ethan. He has helped us with everything and made sure we are doing everything correctly as we are both first time buyers.
9 months ago
Helen was very helpful on the call to re arrange a call back to speak about our mortgage. Very pleasant phone call
1 year ago
This has been a fantastic service from the initial enquiry to getting the mortgage offer through, everything explained in detail and nothing was a problem, very helpful and professional staff. Would highly recommend using this company to anyone
1 year ago
Great team and great service. Always happy to help and they make the process easy to understand. They got me a deal I was happy with then got me a better one.
2 years ago
Spoke to Dale Hunter a few times today. Polite, professional and happy to answer any questions. Over the moon with the service received.
2 years ago
Our advisor was Jason Loft and all I can say is he was amazing and very polite and so was all of his team. Me and my partner are first time buyers so were quite apprehensive about the whole process. However Jason and his team gave us all the...
3 years ago
With the help from Jason and Laura, our mortgage process went very smoothly. As first time buyers we had many questions which they were on hand to answer promptly. Would highly recommend!!
3 years ago
Listened to my every need. Very polite and helpful. Spoke well and clearly understood what was being said and great advice. Thanks
3 years ago
From start to finish, the service was great. Everything was explained clearly, every little adjustment and query I asked for was expertly dealt with by Leo, who gave me new info and examples of our mortgage requests. Process was very easy to...
4 years ago
Very quick response from the first time I contacted them. Both Cathy and Leanne were great at keeping us informed throughout the process and always responded to our emails within a couple of hours, often less. They understood the stresses and...
4 years ago
As a first time buyer I was pretty clueless as to what was needed and when to buy a house. The brokers at Sunderland moneyman made it very easy for me and guided me through the whole process. I’d defiantly give them a recommendation. Thank you...
4 years ago
I am a First Time Buyer and before I contacted Sunderland Moneyman I didn’t have a clue about mortgages or whether I would even qualify for one. My Advisor (Wayne) came across like he really cared and he was always on the end of the phone to...
4 years ago
Jason and his team gave an outstanding service. They were reassuring, consistent and were always on hand to give advice and support when necessary. I will be using their service again when my fixed rate ends in 2 years time. Thank you again...
4 years ago
During your free mortgage appointment, your mortgage advisor in Sunderland will ask for information regarding your personal and financial situation.
They will also take a look at your income, monthly expenditures, credit score and overall affordability. This will help them work out what sort of mortgage products you may be able to access.
Your mortgage advisor in Sunderland can now begin searching through 1000s of mortgage product based on the information you provided in your appointment.
You will also receive an agreement in principle (AIP) to help you make any offers on a property. We will arrange one within 24-hours of your free mortgage appointment.
If you are happy with the mortgage product that we have recommended, we can progress to the mortgage application stage. You will need to gather evidential documents to support your income, affordability, credit score and affordability.
As a mortgage broker in Sunderland, we will aways make sure that you are in the loop by keeping you up to date with the progress of your application. We will make sure that you have the correct documents in place so that you are able to evidence your affordability correctly.
Once you have submitted your application, it is now time to wait for your approval. If you are approved, the next step is to finalise everything with your seller and get ready to move into your new home!
Our service doesn’t stop here though; our team wants to make sure that you and your family are protected, so we will also recommend insurance products to take out alongside your mortgage. You are under no obligation to take out insurance following your mortgage approval.
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.
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 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.
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.
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.
Our team are ready to help you find success in your moving home dreams. We can’t wait to hear from you!
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 in Sunderland who provided expert mortgage advice in Sunderland to many customers, helping them to reach their home owning dreams.
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.
Once you have taken part in our free mortgage appointment, your dedicated mortgage advisor in Sunderland 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.
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.
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 mortgage advisor in Sunderland. It’s likely we’ll have worked on a similar situation before and we’d love to help you.