mortgage broker oldham

Mortgage Advice in Birmingham

Damian Youell

Damian Youell

Are you in need of Mortgage Advice in Birmingham?

Over the years I have built up clients from lots of areas within Birmingham. Areas include Smethwick, West Bromwich, Shirley, Solihull, Perry Common, Hollywood, Rednal and Oldbury..

A Few of our Reviews

Damian Youell

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How We Work

1: We contact you and take down your details, income outgoings, name, address etc.

2: We will research the whole market and email you a detailed quote as well as a list of documents to proceed.

3: You upload the documents and information needed via our channel our online portal.

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Efficient Easy to Understand Process..

The first step in the mortgage advice process is for us to have a brief initial chat. You can ring us on free phone 0800 612 3367. We can then have a few minutes of chat to work out whether what you are trying to do is possible. At this stage, only a brief outline of what you are trying to do is covered. If you are at work and cannot make a call you can contact us via email to have a discussion about what you are trying to achieve. At this stage, it may be that what you are trying to do is not possible for example if you have no deposit or not enough income. However, in most cases, we can help and then we will arrange a convenient time to call you to go through things in more detail.
Once we have determined that I can help you then I need to find out hard and soft facts about you so I can begin to formulate solutions. Areas I need will cover basic details like full names and addresses, date of birth, employment status and income. Other areas will include your credit commitments and outgoings. Lastly we will talk about the mortgages you want what deposit you have, what your budget is, what type of interest rate you would prefer. We will also look at what protection solutions you have in place and how whether or not these will be suitable for your new mortgage. We will discuss time scales and when you are looking to move with the solution and then agree a time when I will email the figures to you.
The detailed mortgage figures will enable you to know two things. Firstly that what you are looking to achieve is definitely doable. Secondly, you can look at the figures and work out whether the payments are affordable and thus the idea feasible. Included in the top of the email is a summary of what we discussed and a brief overview of the deposit, loan etc. The middle section details the mortgage figures such as the interest rate, term, monthly payment, fees and charges etc. This information is also attached in the form of a key fact illustration. The bottom of the email lists all the items that would be required in order to proceed with the application such as payslips, passports, and bank statements so you can prepare these for our home visit.
The final step is for me to pop out to see you scan any of the required documents that the lender requires. Typically payslips, bank statements, passports, and address ID will be required. Other information such as the address of the property you are buying, the name of the estate agents you are buying through, the name of a solicitor you want to use etc will need to be gathered. Once this is complete then I will fill in the application form on your behalf and deal with the lender throughout the whole process until the mortgage has been completed.

Types of Mortgages Offered

First Time Buyers

I offer expert advice and house buying guidance for those first time buyers looking to get on the housing ladder. The mortgage process can seem confusing for first time buyers and having someone to explain the complex jargon in easy to understand language can simplify the process. Many first time buyers only have small deposits and therefore shopping around to get the best deal from the whole mortgage market is important. As well as the mortgage itself helping first time buyers take advantage of the various protection policies that are available and helping them choose the right solution for their own situation is important. Ensuring that the lender offered to the first time buyer is the right one and that the applicant fits all the lenders criteria is taken care of by myself.
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Equity Release Lifetime Mortgages

Equity Release is a product which allows you to unlock cash from the value of your loan. One of the popular Equity Release Product is a Lifetime Mortgage. Lifetime mortgages are designed for people who want to release equity in their property and use the money to pay off other debts or simply enjoy life without worrying about repaying the mortgage. The main benefit of this type of mortgage is that it can be used as an alternative to paying off debt, such as credit cards or personal loans. The interest on these types of products will typically be lower than standard variable rate mortgages. We now have a dedicated adviser who specialises in equity-release mortgages. If you are age over 55 and need equity release for home improvements, paying off an interest-only mortgage, a gift to family or another reason for equity release then feel free to contact us.
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Buy to Let Mortgages

Many clients that I see these days either already have buy to lets or are quite keen to get their own first time buy to let mortgages. The high street doesn’t really offer much choice when it comes to buy to let mortgages. Many of the high street lenders have their own specialist lender for buy to lets such as The Mortgage Works or Birmingham Midshires. These lenders are often only available through intermediaries such as mortgage brokers. Many of the buy to let lenders have criteria that is hard for clients to match and thus comparing lots of lenders and knowing each lenders criteria is sometimes the only way a client can get a mortgage agreed.
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Remortgages

Many clients I see often just want to remortgage to get a better interest rate. Others want to move the mortgage from interest only to a capital and interest repayment mortgage. Others want to release equity from their homes to do home improvements, give family a deposit, raise funds to buy another property, divorce settlements and a host of other reasons. Again comparing the whole mortgage market’s rates and lending criteria helps my clients get the right mortgage for their unique circumstances.
Meet Our Specialist Mortgage Broker
Damian Youell

Feel Free To Start WhatsApp Chat With Us...

How We Work

1: We contact you and take down your details, income outgoings, name, address etc.

2: We will research the whole market and email you a detailed quote as well as a list of documents to proceed.

3: You upload the documents and information needed via our channel our online portal.

Feel Free to Contact Us

FAQs-  Mortgage broker in Birmingham

Can I get a mortgage broker in Birmingham?

Yes, you can get a mortgage broker in Birmingham. There are many mortgage brokers in Birmingham who will help you to find the right mortgage for your needs. They will also be able to provide advice on how much you need to borrow and what type of mortgage is best suited to your circumstances.

Are there any benefits to getting a mortgage broker in Birmingham as opposed to going direct to a lender?

There are several reasons why it may make sense to use a mortgage broker rather than go straight to a lender. A mortgage broker will usually charge less than a bank or building society. This means that they can offer mortgages at lower rates. In addition, a mortgage broker has access to more lenders which means that they can often secure better deals for their customers. Finally, a mortgage broker will usually be able to arrange all of the paperwork needed to complete a mortgage application. If you do not want to pay a fee then this could save you money.

How long does it take to get a mortgage with a mortgage broker?

It depends on where you live but generally speaking it takes around 2 weeks to obtain a mortgage through a mortgage broker. However, if you decide to apply directly to a lender then this time period can increase significantly. The reason for this is that banks and building societies tend to have longer waiting times.

What types of mortgages are available with a mortgage broker in Birmingham?

A mortgage broker will be able to source most types of mortgages including fixed rate, variable rate, tracker, interest only and repayment mortgages. You should always check whether the mortgage you wish to apply for is suitable for your circumstances before applying.

Do I need to have a guarantor when using a mortgage broker?

No, you don’t need a guarantor when using an independent mortgage broker. However, some lenders require a guarantor so it is worth checking this out first. If you want to know more about guarantors, please read our article.

Do I need to pay a fee when using a mortgage broker in Birmingham?

Most mortgage brokers in Birmingham will charge a small fee. This fee covers the cost of administration and advertising costs. It is important to note that these fees are typically charged upfront and therefore cannot be added to your monthly repayments.

Is it possible to get a mortgage without having to give my details to a mortgage broker?

Yes, it is possible to get a mortgage by providing basic information such as name, address and employment status. However, it is recommended that you speak to a mortgage broker in Birmingham to ensure that you receive the best deal.

Can I get pre-approved for a mortgage from a mortgage broker?

You can get pre-approval for a mortgage from a broker. However, you must remember that a mortgage broker will not be able to guarantee that you will actually be approved for a loan. Therefore, it is important to shop around and compare quotes from different lenders.

Can I get a mortgage with bad credit?

Yes, you can still get a mortgage even if you have poor credit. Most lenders will consider applicants who have had problems repaying loans in the past. However, it is important to remember that there are certain criteria that lenders will look at when assessing your application. For example, they will look at how much debt you currently owe, what type of loan you applied for and how many applications you have made in the past. They also take into account any previous bankruptcy or insolvency proceedings. You can check your credit score here.

Can I get help with filling out my mortgage application form?

Yes, you can get help with completing your mortgage application form. Many mortgage brokers in Birmingham provide free assistance with completing forms. Alternatively, you can contact one of our friendly advisors who will be happy to assist you.

Check Our Equity Release Mortgages Section

About The Author

mortgage broker damian youell

See some of Damian’s client reviews below

Damian is an experienced mortgage broker, founder of NeedingAdvice.co.uk Ltd and company director. With over a decade working as a mortgage broker he has a strong understanding of hard to place mortgage cases. With hundreds of 5 star client reviews. hundreds of repeat clients his work speaks for himself.

He started NeedingAdvice.co.uk as a one man band with the philosophy of putting clients needs ahead of his own. This ethos of offering excellent customer service has helped the business grow over the years. He gets satisfaction on getting cases pushed through to offer stage where other mortgage broker and companies have failed.

Throughout his time as an adviser he has carved out a niche area of advice helping clients with their business protection requirements too. Having helped hundreds of client with Relevant Life Policies, Shareholder Protection Insurance, Keyperson Policies and other important protection requirements of large to small businesses.

At home he is a family man and likes to spend his time with his four children and wife Lisa. He enjoys going on holidays spending time with friends and going for walks.