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 buyerA borrower purchasing their first property. 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.