Welcome to Derbymoneyman.com, our online hub for mortgage advice in Derby & surrounding areas.
As a hardworking and dedicated Mortgage Broker in Derby, we have lots of industry experience within our team. Having this on our side means we are able to provide a top level of mortgage advice for almost anyone who gets in touch with a situation regarding their mortgage.
Many of our customers come back to us over time, especially when it comes to Remortgaging & Buy-to-Let. The reason for this is because we believe in providing a transparent and upfront process to all who get in touch.
Each member of our hardworking team are motivated to work harder and go further, knowing that they are able to go the extra mile and continue our existing journeys with existing customers, giving us the opportunity to watch their home owning adventure blossom.
As an open & honest mortgage broker in Derby that also works to try and provide solutions to Specialist cases on a regular basis, we work with a vast number of lenders who offer incredible and unique products available for you, that you wouldn’t get if you went direct.
With this in mind, your given mortgage advisor in Derby will do everything within their power to tailor the search to match mortgage criteria to your individual needs, in order to find you the most appropriate mortgage deal for your circumstances.
A trusted and dedicated member of our team will be readily available from early until late throughout the week, including weekends and some bank holidays. They will make sure all customers will remain informed on the progression of their mortgage, meaning they are well looked after and one-step closer to achieving their mortgage dreams.
Throughout our years of experience as a mortgage broker in Derby, we’ve spoken to thousands of different customers. We often find with the majority of customers that we interact with, the bank has turned them away, quite often without not fully explaining the reasons they have done so.
This can be harmful in the long run, especially with the applicant now not knowing what to fix in order to go ahead and continue with any kind of mortgage application.
The actual reasons for being declined can be down to various different factors. Some of these can include the property value being less than the amount they want to borrow, or the bank’s appointment books being filled.
There are more than these of course, and no doubt your advisor will have encountered something similar to your situation before, with knowledge on how, if possible, to set you on the right path.
No matter your circumstances, whether you’re a First-Time Buyer, Home Mover, budding or existing landlord in the market for a Buy-to-Let, looking to Remortgage or even something else, please do Get in Touch with a Mortgage Broker in Derby today like Derbymoneyman, and we’ll see how we can help you find success on the property market.
Our highly trained and experienced Mortgage Advisors in Derby are on hand to ensure that the entire mortgage process is quick, easy and entirely painless by taking on all the hard work so that you don’t have to. It doesn’t matter what your circumstances are, our team offer a hassle-free and bespoke mortgage service that you can trust.
We offer a free, no-obligation consultation and promise that when you deal with an employee from our Mortgage Broker in Derby, you can guarantee that you will be dealing with a professional Mortgage Advisor from Derby who knows everything there is to know about mortgages. Should you choose to proceed with our Mortgage Broker in Derby, rest assured that our service will put you in touch with a wide range of lenders that, no matter what your circumstances can help.
When it comes finding the best mortgage and proceeding with an application, you should aim to work with a company that not only offers you a high-quality mortgage service but one that will be with you the whole way and able to offer you impartial Mortgage Advice in Derby as and when you need it. Whilst your high street bank or building society may be your first port of call, they can’t always offer you what’s in your best interest and will be restricted which may limit your options and the deals available to you elsewhere.
Taking out a mortgage is probably one of the most important things you’ll ever do and we understand that you want to find the best deal possible in the long term. Because of this, we will liaise with you and your lender through every single step of the process, leaving you free to enjoy the property buying experience and focus on the exciting feeling that comes with owning your own home.
Your initial free mortgage consultation in Derby will last for roughly about one hour. An advisor will then recommend a mortgage for you, that you are under no obligation to accept and proceed with, if you decide it’s not for you.
As a dedicated and trusted mortgage broker in Derby, we will carry out a Fact Find to establish your circumstances & needs prior to recommending the most suitable mortgage for you. A credit check will then be required for an Agreement in Principle. Once you have provided all the relevant documentation and a valuation of the property has been carried out, a formal mortgage offer can be issued to you.
We would highly recommend you obtain an Agreement in Principle prior to property viewings in Derby, to avoid possible disappointment, especially as this can boost your bargaining position pre-making an offer and can be obtained with the help of one of our mortgage advisors in Derby, free of charge.
A standard Agreement in Principle generally lasts for between 30 and 90 days depending on which lender you are with. If your Agreement in Principle happens to expire, it can easily be refreshed.
If you’re looking to make any potential home improvements or consolidate any debt, then it can be possible to get a second mortgage on your home. Second Mortgages are also usable for if you are wanting to take out a mortgage for a family member, a holiday home or a Buy to Let.
When purchasing a property in Derby, the minimum deposit a High Street Lender will usually require is 5%, though if you have had previous credit problems, this can be higher.
If you have had credit problems, it could still be possible for you to get a mortgage, however, you may need to put down a higher deposit than usual. This could be 15% of the purchase price.
You may still be able to get a mortgage once you have submitted at least one year’s accounts. Typically we find that, for the most part, lenders will use your salary + dividend to calculate the maximum mortgage. Alternatively, some may go off your net profit.
To prove your income to a lender, it’s usually three payslips for an employee. If you are self-employed, it’s the latest 2 years’ accounts. In addition you will need to produce the lender with proof of ID, address and the latest 3 months’ bank statements.
Your free initial mortgage consultation will typically last up to an hour. Our team have the ability to obtain an agreement in principle within 24 hours. A formal mortgage offer will take about three weeks on average.