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Mortgage Advice in Leeds

Damian Youell

Damian Youell

Are you in need of Mortgage Advice in Leeds?

Over the years I have built up clients from lots of areas within Leeds. Areas include Cookridge, Garforth, Gipton, Hunslet, Leeds, Moortown, Morley, Otley, Rawdon, Rothwell, Stanks, Stanningley and Wetherby

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.

Feel Free to Contact Us

Leeds is a big city in the county of Yorkshire with a population of 792,525 people. The average house price for Leeds is £212,971 and the average property size is 1,096 square feet. Leeds has been named as one of the best places to live in England by Moneyfacts.co.uk. This means that it is ranked among the top most desirable places to live in England.

There is a huge surge in the housing demands in Leeds which resulted in an increase in the number of mortgage brokers in Leeds. There are many different types of mortgages available in Leeds including fixed-rate loans, tracker rates, remortgages, buy-to-let mortgages, home equity loans and more. Many lenders offer their services online so you can apply for your loan from the comfort of your own home. You do not need to visit any branch or office to complete your application. Most lenders will also provide you with a free valuation report on your home if you decide to sell it later.

Leeds Mortgage Brokers

The UK’s first mortgage broker was set up in Leeds in 1894. Since then, there have been many changes in the mortgage industry but the role of mortgage brokers has remained unchanged. A mortgage broker is someone who helps customers find the right type of mortgage for them. They help borrowers understand all aspects of the mortgage process such as what they should look out for when applying for a mortgage, how much money they can borrow and how long it takes to pay off the loan.

The main job of a mortgage broker is to search through the market and find suitable products for their clients. They may be able to introduce their clients to new lenders and products that they did not know about before. For example, a mortgage broker might be able to get a client a better deal than they would normally be offered because they have access to special deals only available to mortgage brokers.

A mortgage broker does not charge anything upfront for finding a product for their clients. However, they usually receive a commission once the customer signs a contract with the lender. In some cases, the mortgage broker receives a fee from both the borrower and the lender.

A mortgage broker must be registered with the Financial Conduct Authority (FCA) and abide by its rules and regulations. If they fail to do this, they could face fines or even lose their licence.

How does a mortgage application process work in Leeds?

Mortgage advice in Leeds works in a similar way as in other cities. If you are interested in getting a mortgage and buying a property in Leeds, you have two options: either go to a bank or use a mortgage broker. Banks are regulated by the FCA and therefore follow certain rules and regulations. On the other hand, mortgage brokers are unregulated and can offer different mortgage terms they want to their clients.

What is the benefit of having a mortgage broker in Leeds?

The benefit of having a mortgage broker in Leeds is that a mortgage broker can help you to get access to a large number of mortgage lenders with suitable lending criteria. This means that you can compare different offers and choose the best one for yourself.

You can also ask your mortgage broker questions about the mortgage process and whether it makes sense for you to take out a particular type of mortgage. Your mortgage broker will be able to advise you based on his experience and knowledge of the market.

If you are looking for a mortgage in Leeds, you can contact our team of specialist brokers.

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

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.
Meet Our Specialist Mortgage Broker

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.
Meet Our Equity Release Broker

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

Check Our Equity Release Mortgages Section

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.