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Mortgage Advice in Hull

Damian Youell

Damian Youell

Are you in need of Mortgage Advice in Hull?

Hull is a city in the East Riding of Yorkshire, England and has a population of approximately 100,000 people. It is situated on the Humber Estuary, about northeast of York and southwest of Leeds. The name  “Hull” comes from Old English hul meaning “hollow”. The first recorded reference to the town was in 1086 as Holle, which means “hill or mound”. In 1295 it was called Hollegh, and by 1327 it had become known as Hull. Hull is a very popular area for our clients. These areas include Dunswell, Wawne, Swine, Bilton, Preston, Hedon, Paull, Beverly, Cottingham, Willerby, Anlaby and Hessle.

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.

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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.
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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.
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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.
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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

Check Our Equity Release Mortgages Section

FAQs – Mortgage Broker in Hull

Can I get a Mortgage Broker in Hull?

Yes, you can get a mortgage broker in Hull. We have many mortgage brokers who are based in Hull. If you are interested you can check our quiz on ‘find the perfect mortgage broker to find out more information about how we work.

How much will my monthly repayments be in Hull?

Your monthly repayment amount depends on your circumstances and what type of loan you choose. Mortgage lenders usually offer different types of loans with varying interest rates and monthly payments.

What is the difference between a mortgage broker and a mortgage lender?

A mortgage broker helps you compare mortgages and shop around for the best deal. A mortgage lender provides the funds for your mortgage. They may also provide advice on whether you should take out a fixed-rate or an adjustable-rate mortgage.

Do I need to pay any fees when getting a mortgage in Hull?

No, there are no additional fees when applying for a mortgage in Hull. You only pay fees if you make extra payments towards your mortgage.

Is it possible to get a mortgage in Hull without having a guarantor?

A guarantor is someone who guarantees that you will meet all of the terms of your mortgage agreement. This could be your partner, parent, brother or sister. However, you don’t always need a guarantor for a mortgage in Hull because some lenders allow borrowers to apply for a mortgage without one. Mortgage lenders only ask for a guarantor when they think you won’t be able to manage the monthly payments. For more information, you can read our article on Guarantor Mortgages.

Are there any benefits to using a mortgage broker in Hull?

Using a mortgage broker in Hull can help you save money. By comparing different deals, you can find the cheapest rate available. When you use a mortgage broker, you’ll also benefit from their knowledge and experience.

Why do I need a mortgage broker in Hull if I’m buying a property in Hull?

If you’re buying a house in Hull, you might want to consider using a mortgage broker. There’s a lot of competition among mortgage lenders in Hull and this makes it difficult to find the right deal. Using a mortgage broker can help you get the best mortgage deal.

How long does it take to get a mortgage in the hull?

It takes 3 weeks to get a mortgage in most cases. Some banks and building societies require longer than this.

Where can I get a mortgage in Hull? What are the options?

There are two main ways to get a mortgage in hull: through a bank or through a mortgage broker. Banks are regulated by the Financial Conduct Authority (FCA) so they must follow certain rules. Most banks in Hull are part of the Nationwide Building Society group. They are regulated by the FCA and are required to give customers clear answers to questions about their products and services. Nationwide has branches across the UK and offers a range of financial products including mortgages.

Mortgage brokers work independently of the banks and have access to a wider range of lenders. They often specialise in particular areas such as first-time buyers, remortgaging or buy-to-let mortgages. The advantage of using a mortgage broker is that they can negotiate lower rates and better deals than the banks.

What does a mortgage broker do?

A mortgage broker helps you to compare loans and decide which one suits you best. They can then arrange a mortgage with a lender for you.

About The Author

mortgage broker damian youell

See some of Damian’s client reviews below

Damian is an experienced mortgage broker, founder of NeedingAdvice.co.uk Ltd and company director. With over a decade working as a mortgage broker he has a strong understanding of hard to place mortgage cases. With hundreds of 5 star client reviews. hundreds of repeat clients his work speaks for himself.

He started NeedingAdvice.co.uk as a one man band with the philosophy of putting clients needs ahead of his own. This ethos of offering excellent customer service has helped the business grow over the years. He gets satisfaction on getting cases pushed through to offer stage where other mortgage broker and companies have failed.

Throughout his time as an adviser he has carved out a niche area of advice helping clients with their business protection requirements too. Having helped hundreds of client with Relevant Life Policies, Shareholder Protection Insurance, Keyperson Policies and other important protection requirements of large to small businesses.

At home he is a family man and likes to spend his time with his four children and wife Lisa. He enjoys going on holidays spending time with friends and going for walks.