Welcome to our Mortgage Broker in Melbourne website. Our trusted team of mortgage advisors are here to help you every step of the way, through your home purchase or remortgage.
Looking for a Mortgage? Our experienced and dedicated team of Mortgage Advisors in Melbourne are here to help you through every step, bringing you closer to your First Time Buyer Purchase or Remortgage. This goes for applicants in and around Melbourne.
Unlike a lot of larger mortgage advice companies, we are a smaller and experienced team, ready to answer all queries that you may have. Whatever your personal situation, we aim to try and help as much as possible with flexible hours to better suit you.
We will search thousands of mortgage products to find you the best deal based on the circumstances to you, as an individual – which is helpful under some circumstances such as being Self-Employed.
We take great pride in our mortgage service. Please feel free to look at our customer reviews at Reviews.co.uk. to see how we’ve helped many of our past and present clients.
You’ll be able to book a Free Initial Consultation with one of our mortgage experts. Out of hours, Mortgage Advice in Melbourne is never a problem with our Mortgage Advisors in Melbourne, as we have in-house Mortgage Advisors and our Administration team working until late to take your enquiries.
You can go to your own bank for advice, however, their Mortgage Advisors are only able to offer products from one lender, which is themselves. Also, other Mortgage Advisors can often be difficult to get an appointment with, so if you’re actively looking at properties or are ready to offer, this can be annoying. It’s also a good idea to seek advice from a professional Mortgage Broker in Melbourne like us, to compare deals.
Our Mortgage Advisors in Melbourne work with an extensive panel of mortgage lenders, some with very specialist mortgage products available for if you’re experiencing Mortgage Problems. We’re experienced, knowledgeable, and will do our best to make sure the process goes as smoothly as possible!
Customers that contact us for Mortgage Advice in Derby have often been turned away by their bank, for reasons such as;
And/or the bank won’t lend enough.
We are here to provide help and support you through the entire mortgage process and beyond. From the initial contact, it’s our job to make you feel relaxed, be honest with you, find you the most suitable mortgage deal and provide guidance right up until completion.
You’ll benefit from a free initial mortgage consultation with one of our experts. Out of hours mortgage advice in Derby isn’t a problem, we have in-house mortgage advisors in Derby working until late to take your mortgage enquiries. Give us a call, we may be able to help!
The banks’ mortgage advisors in Derby are only able to offer products from one lender – Themselves. Their mortgage advisors can also be rather hard to get an appointment with, so if you’re actively looking at properties or are ready to offer this can be very frustrating. Seeking advice from a professional mortgage broker can also work in your favour, as we can compare deals. We have a large number of mortgage lenders on panel, some with very specialist mortgage products available. Worry not, we have a lot of experience and knowledge in providing mortgage advice in Derby to customers with a variety of situations.
Quite often, customers that contact us for mortgage advice in Derby have been turned away by their bank for reasons such as income types, credit score, property type and the bank won’t lend enough. More often than not, we are able to help with this.
We’ll help and support you anytime you need us, 7 days a week! The home buying process isn’t always easy, we’ll help you over any hurdles you face.
We’ll aim to make you feel relaxed and be open and honest – We’ll take away the stress.
Please read our genuine customer Reviews at Reviews.co.uk. Your service is really important to us!
As an applicant looking to make use of the Government Help to Buy Scheme in Derby, will need at least 5% of the sale price of your new build property. The Government will then loan you an additional amount up to 20% to the value of the property that you wish to purchase, though you must remember that it is a loan and you will need to pay it back eventually.
The vast majority of lenders will use the discount given by the local authority as a deposit for your mortgage. That being said, some lenders will still require you to put down a deposit in addition to this purchase price discount. This can occur more often with customers that have had or still have credit problems. A dedicated and hardworking mortgage advisor in Derby will be able to help with your right to buy deposit questions.
The minimum deposit required by an applicant for a buy to let mortgage is usually 25% of the property value. This number, however, can vary from anywhere between 20%-40%.
If you happen to find yourself on your lenders SVR (Standard Variable Rate of Interest), it is very likely you will be able to save money! An experienced remortgage advisor will compare the new products available against your current mortgage deal to work out these savings for you. If you have any existing equity in your property, a remortgage would also allow you to release some of this money for anything from a supplemented income, to home improvements and alterations.
You have the option to remortgage and increase the size of your mortgage if you need to pay off any unsecured debts. This is not something we recommend rushing into though as there are some negatives to look out for. You should always seek Mortgage Advice in Derby before consolidating your debts!
Your free initial remortgage consultation in Derby will last for about 1 hour. A trusted mortgage advisor in Derby will then compare a new deal vs your current product, recommending the most suitable with no obligation for you to proceed, if that is what you would prefer.
The fees involved with your remortgage will work more or less the same way as your existing mortgage did. That being said, your dedicated Mortgage Advisor in Derby will still go through all of the fees with you. They will take these fees into consideration when comparing the savings of the new deal against your existing mortgage.
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.