Mortgage Broker in Beverley
Trusted Mortgage Advice in Beverley

Embarking on your mortgage journey with us is a breeze. Our first consultation, a complimentary service, usually takes about 30 minutes. We’re seasoned mortgage brokers based in Beverley, and we take pride in our swift service.

Within 24 hours of a brief phone call to collect essential information, we can provide you with an agreement in principle. On average, formal mortgage offers are typically processed in about three to four weeks.

For our employee friends, three recent payslips and your latest P60 are usually all we need to verify your income. If you’re self-employed in Beverley, the standard requirement includes the latest two years’ tax calculations and corresponding overviews.

In addition, we’ll ask for proof of identification (like a driving license or passport), proof of address (via utility bills, tax bills, or credit card statements), and a three-month bank statement. This statement not only shows the build-up of your deposit but also provides explanations for any significant credits.

The positive news is that securing a mortgage while being self-employed in Beverley is entirely feasible. Typically, providing at least one year’s worth of accounts enhances your chances of mortgage approval.

The maximum mortgage amount is usually calculated by most lenders based on your salary and dividends, with some considering your net profit. The approach depends on the specific lender.

Here’s the encouraging news – while previous credit issues may pose some challenges, obtaining a mortgage is still very much within reach. In such cases, some lenders might request a slightly higher deposit, usually around 10-15%.

Typically, mainstream mortgage lenders ask for a minimum deposit of 5%. However, this percentage may be higher depending on your unique circumstances, especially if you have a history of previous credit issues.

Our team at Beverleymoneyman is here to guide you through these intricacies and make the mortgage process as smooth as possible.

The positive news is that managing two concurrent mortgages in Beverley is entirely plausible, given you possess the financial capacity to handle monthly repayments for both.

If your financial goals include endeavours such as debt consolidation or home improvements, considering a second mortgage on your property could be a viable option.

The validity period of an Agreement in Principle typically ranges from 30 to 90 days, with the exact duration determined by the lender. Should your Agreement in Principle expire, there’s no need for concern. A simple re-establishment of contact with your trusted mortgage advisor in Beverley allows for a seamless renewal.

As devoted mortgage brokers in Beverley, we strongly advise securing an Agreement in Principle (AIP) as early as possible, ideally before embarking on property viewings. Having an AIP in hand during house viewings may present you with the potential advantage of negotiating prices.

Our mortgage process unfolds through several distinct stages. It begins with initial contact, where our reliable mortgage advisors in Beverley conduct a Fact Find to gain a comprehensive understanding of your unique mortgage situation.

Moving forward, your free mortgage consultation kicks off, during which your designated mortgage advisor initiates the search for mortgage deals tailored to your specific circumstances. Upon identifying an offer aligning with your preferences, we kickstart the mortgage application process.

Following this, a credit check is performed to secure an Agreement in Principle. You’ll be requested to provide supporting documents to fortify your mortgage application. Finally, your mortgage application is submitted, and we eagerly await the issuance of a formal mortgage offer.

Your inaugural free mortgage consultation with our dedicated mortgage advisor in Beverley typically spans around 30 minutes. Throughout this session, we delve into your mortgage requirements, gaining a deeper understanding of your needs.

Armed with a clearer picture of your personal and financial situation, we commence the search for mortgage deals perfectly aligned with your requirements.