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Mortgage Advice in Carlisle

Damian Youell

Damian Youell

Are you in need of Mortgage Advice in Carlisle?

We have many satisfied clients from around the area of Carlisle. These areas include Blackwell, Houghton, Scotby, Thurstonfield, Rockcliffe, Mossband, Brampton and Kirkbridge.

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.

Feel Free to Contact Us

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.
Meet Our Specialist Mortgage Broker

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.
Meet Our Equity Release Broker

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.
Meet Our Specialist Mortgage Broker

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

What is a mortgage broker (and do you need one)?

A mortgage broker is an independent financial adviser who will help you find your dream home loan. They work closely with banks and building societies to compare loans and fees, so they know what’s out there before recommending which option suits you best. An experienced mortgage broker does not lend money themselves but instead acts as an intermediary between borrowers and lenders. This means they don’t charge any upfront costs as most estate agents would. In conclusion, if you are looking forward to mortgage advice, you can contact our team at NeedingAdvice.co.uk Ltd. We, as an independent mortgage broker provide free quotes, and we also offer competitive prices. You may be eligible for a discount or a better mortgage deal on our mortgage advice based on your credit score.

How long has this company been trading in Carlisle?

Needing Advice was founded back in 2011, and since then we’ve helped thousands of people across the UK secure affordable finance for their new build properties. Our aim is simple – make finding a mortgage quick and hassle-free! If you’re thinking about getting onto the property ladder, why not talk to us today?

How much do mortgage brokers charge?

We believe that everyone deserves access to good quality advice without being charged exorbitant amounts. That’s why we keep our charges low and transparent. All our advisers receive training and ongoing support to ensure they always deliver excellent service. So whether you’re looking for a short term fix, a longer term plan or even planning ahead for retirement, we’ll guide you every step of the way.

Do I need a guarantor?

Yes, you should consider asking a friend or relative to co-sign on your mortgage application. It could save you hundreds of pounds over the life of your mortgage. However, some lenders require two signatures while others accept three. Some lenders won’t allow anyone under 35 years old to apply alone. And finally, some lenders will ask for proof of income. You can contact mortgage broker in Carlisle to get a better mortgage deal in your area.

Are all mortgage brokers regulated by the Financial Conduct Authority?

No. The FCA regulates mortgage broking companies and those working within them. But it doesn’t regulate individual advisors. Therefore, it isn’t possible to say how many mortgage brokers are registered with the FCA. Most mortgage brokers have a licence issued by the Money Lenders’ Association. This gives them permission to deal with customers and advise them on mortgages.

Can I use a mortgage broker when buying a house?

You certainly can. Mortgage brokers are experts in helping buyers choose the perfect property. Whether you’re after a first time buyer package or a more experienced investor, a mortgage broker will be able to match you up with the ideal lender. As well as saving you time and stress, using a mortgage broker will mean you avoid paying commission to multiple salespeople.

Is it cheaper to pay off my existing debt rather than take out a mortgage?

It depends where you live. For example, interest rates are higher in London than elsewhere in England. Also, depending on your circumstances, taking out a mortgage might actually cost less than repaying debts such as credit cards and personal loans.

What happens once I sign the contract?

Once you’ve signed the paperwork, your advisor will start searching for suitable products. They may also arrange an appointment at one of our branches so you can meet face to face. You’ll get a call from your adviser letting you know what stage things are at. Then, if everything goes smoothly, you’ll close your loan within 30 days. We’ll send you details of any fees involved along with information on how to repay your loan.

How much do Mortgage Advice Bureau charge?

The charges of Mortgage Advice Bureau depends on the mortgage application.

Can I get a mortgage broker in Carlisle?

Yes, you can! Mortgages are available for all types of property, including buy-to-let, second homes, investment properties and commercial mortgages. Our team will be able to help you find the right deal for your needs.

What is the best time to apply for a mortgage in Carlisle?

The best time to apply for any type of loan is when you need it most. This could be at the start of your home-buying journey or if you’re looking to refinance an existing one.

How much do mortgage brokers charge?

It depends on the type of mortgage application. Some mortgage brokers in Carlisle have a fixed fee, but some may have a variable fee. You should always check what the exact cost is before applying for a mortgage.

Do I need to provide proof of income Carlisle?

Income verification is not required by law for first-time buyers. However, this is something that we recommend. If you want to make sure that you qualify for a mortgage, then we suggest that you contact us so that we can discuss your options.

Is my credit score important?

Your credit history is very important when applying for a mortgage. If you have bad credit, then it might affect your chances of getting approved for a mortgage. To avoid this, we recommend that you speak to our team about how you can improve your credit rating.

Are there any hidden costs involved?

There are no hidden charges associated with using a mortgage broker in Carlise. All fees are clearly displayed upfront, and there are no additional costs.

Check Our Equity Release Mortgages Section