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Mortgage Advice in Cambridge

Book Your Free Consultation
8am - 10pm, 7 Days a Week

01223 653 832Book Online Now

Mortgage Advice in Cambridge

Book Your Free Consultation
8am - 10pm, 7 Days a Week

01223 653 832Book Online Now
Malcolm and Amy - UK Moneyman Directors

We are dedicated to assisting all customers, particularly those in need of expert mortgage advice in Cambridge. Our focus is on the customer experience, and we will guide you through every step of the process.

To speak with a mortgage advisor in Cambridge, book your FREE mortgage appointment online.

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Mortgage Broker in Cambridge
Mortgage Advice in Cambridge

Welcome to Cambridgemoneyman, the online home of open & honest mortgage advice in Cambridge. We are a trusted mortgage broker in Cambridge, led by industry expert Malcolm Davidson, with over 100 years of combined experience and a strong history of helping people onto the property ladder.

Our team here at Cambridgemoneyman, aim to reduce your stress levels during your process. Your dedicated mortgage advisor will work hard to make it go as smoothly as possible, keeping it free of jargon and finding you the best possible mortgage deal available to you.

Responsive Mortgage Advice in Cambridge

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We have a large panel of mortgage lenders on hand, each of whom offer our customers unique and favourable deals that couldn’t be obtained by going direct! No matter what your circumstances are, our fast & friendly team of expert mortgage advisors in Cambridge will use their industry knowledge and career experience to help you find the perfect deal for what you’re looking to achieve! We hope in doing so, we are able to save you both time and money.

In order to gain a realistic understanding of the levels of service our customers received, feel free to take a look at our amazing customer reviews. Whether it’s our first discussion, the big steps of the mortgage journey with your dedicated mortgage advisor in Cambridge, or the fine details with one of our mortgage administrators, we will always work hard to keep you up-to-date, informed and most of all, happy during your mortgage process.

We Work For You – Mortgage Broker in Cambridge

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As a mortgage broker in Cambridge, we offer full support and guidance to you throughout your home buying or remortgage journey. We will work hard to ease any concerns you have throughout our time together and answer all of your questions. It’s our hope that you’ll find us beneficial to your process!

Mortgage Broker versus the Banks Mortgage Advisor

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You will have limited options when you choose to go direct and speak with the banks own mortgage advisor in Cambridge. A bank can only offer you their own products. Conversely, an expert mortgage broker in Cambridge like ourselves, has access to thousands of unique deals, many of which cannot be obtained by going direct.

Our trusted and experienced mortgage and protection team in Cambridge have an extensive knowledge of working with various mortgage criteria and products. As a Mortgage Broker in Cambridge, we can look around to find you the best deal, saving your time and hopefully, your money!

What does a Mortgage Broker in Cambridge do?

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The bank can only offer you a product from their lender. In contrast, our team of honest mortgage advisors in Cambridge has a wide variety of options for you to choose from making us an excellent choice as a mortgage broker in Cambridge!

We would be happy to have a chat!

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Some of the lenders we work with offer specialist mortgage products, all with varying criteria. Due to our many years of experience of providing top quality Mortgage Advice in Cambridge, we can tailor our service to a customer’s needs even if you require Specialist Mortgage Advice in Cambridge.

Do not feel that you need to fret if your situation is more complicated than your average day-to-day mortgage problem. Our mortgage advisors in Cambridge will do our very best to make it work for you. We may be able to find a specialised product that will suit your circumstances and offer you suitable Specialist mortgage advice in Cambridge.

We think it’s a good idea to get ahead of the process by speaking to an expert mortgage advisor in Cambridge. Our team can assist you with such things as budget ideas, and arranging your Mortgage Agreement in Principle, of which we can often offer on the day. In any case, this helps you in preparation for any offers you make.

If you are interested in working out what your monthly repayments may be, you may like our Mortgage Calculators Page. Although only an estimation, it is a useful tool for anyone who would like an idea of what they could be paying back for their Mortgage.

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We Search 1000s of Mortgage Deals in Cambridge

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Common Mortgage Questions in Cambridge

How does my mortgage process work?

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Fact Find: You will provide information about your personal and financial situation to the lender, which will be used to determine your qualifications for a mortgage.

Consultation: Your dedicated mortgage advisor in Cambridge will schedule a free consultation with you to discuss your needs and goals, and help you find a mortgage deal tailored to you.

Credit Check: After the consultation, the lender will conduct a credit check to verify your creditworthiness and help you obtain an Agreement in Principle.

Evidential documentation: If you are happy to proceed, some additional documentation will be asked to strengthen your application, such as pay stubs, tax returns, or proof of income.

Mortgage application submission: With your Agreement in Principle, evidential documentation, and a comprehensive mortgage offer that you are satisfied with, you can submit your mortgage application.

How long does an Agreement in Principle last?

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The duration of an AIP can vary depending on the lender, but most AIPs are valid for a period of around 60-90 days. This means that if you do not complete your mortgage application within this time frame, you will need to reapply for an AIP and provide updated information, which one of our mortgage advisors in Cambridge can do for you. However, some lenders may offer an AIP for a shorter period of time, such as 30 days or less. It is best to check with the lender for the specific timeframe.

Can I get a second mortgage in Cambridge?

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Yes, you can get a second mortgage in Cambridge. It's important to note that getting a second mortgage is a big financial decision and it can be risky. It's important to consider all the options and speak with a mortgage advisor in Cambridge before making any decision.

Additionally, you'll need to meet certain qualifications and requirements set by the lender, and the interest rate on a second mortgage is usually higher than on a primary mortgage.

Can I get a mortgage in Cambridge with previous credit problems?

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It may be more difficult to get a mortgage in Cambridge with previous credit problems, but it is not impossible. Lenders look at credit history and credit scores as an indicator of an applicant's ability to repay the mortgage, so if you have a history of late payments, defaulted loans, or bankruptcies, it may be harder to get approved for a mortgage.

However, some lenders may still be willing to consider your application if you can demonstrate that the credit issues were caused by circumstances beyond your control, and that you have taken steps to improve your credit since then.

It is important to work with a mortgage broker in Cambridge as we have expert mortgage advisors in Cambridge who have experience in helping people with credit problems to find the best option for you.

I'm self employed in Cambridge can I get a mortgage?

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Yes, self-employed individuals can get a mortgage in Cambridge. However, the process for self-employed individuals may be slightly different compared to those who are employed by a company and receive regular paychecks.

Self-employed individuals may have to provide additional documentation, such as tax returns and profit and loss statements, to demonstrate their income. Lenders may also require self-employed applicants to show a longer track record of self-employment, typically 2-3 years.

It is best to speak with a mortgage broker in Cambridge who have experience in dealing with self employed mortgages, as we can guide you through the process and help you find a lender who is willing to consider your application.

What documents will I need to provide for my mortgage application?

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When applying for a mortgage or remortgage, lenders will require certain documents to support your application. These may include identification, bank statements, and pay slips. If you are unsure about what documents are needed, your mortgage advisor in Cambridge will guide you through the process to ensure all necessary documents are provided.

How long does the process in Cambridge take?

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During your free mortgage consultation in Cambridge, we will spend approximately one hour reviewing your personal and financial situation in detail. After the consultation, we will aim to provide you with an Agreement in Principle within 24 hours.

Having an Agreement in Principle is important when making an offer on a property, as it indicates to estate agents and sellers that you have a pre-approval for a mortgage. The final step is submitting your mortgage application and waiting for a formal mortgage offer, which typically takes 2-4 weeks if the process goes smoothly and your application is relatively straightforward.

How does the free initial mortgage consultation in Cambridge work?

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During a free mortgage consultation with one of our mortgage advisors in Cambridge, a thorough assessment of your personal, financial, and mortgage situation will be conducted. This information is crucial in order to gain a comprehensive understanding of your mortgage needs.

With this information, your mortgage advisor in Cambridge will be able to find the most suitable mortgage options for you, tailoring the search to match your unique circumstances. By working with a mortgage advisor in Cambridge, you will be able to save time and money as they will take on the task of searching for mortgage products on your behalf.

When should I obtain an agreement in principle in Cambridge?

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It's generally a good idea to obtain an agreement in principle before you start actively looking for a property, as it can help you narrow down your search to properties that you can realistically afford. It can also be helpful to have one in place when you make an offer on a property, as it can demonstrate to the seller that you are a serious and financially stable buyer.

How much deposit do I need for a mortgage in Cambridge?

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The amount of deposit you will need for a mortgage in Cambridge will depend on a variety of factors, including the type of mortgage you are applying for, your credit score, and the lender's requirements. Typically, lenders require a deposit of at least 5% of the property's purchase price, however, it's not uncommon for some lenders to require a deposit of 10-20% or more.

If you are looking to purchase a property with a higher value, it will be necessary to have a higher deposit. It's also worth noting that the higher the deposit you can put down, the better the mortgage rate you will be able to secure.

It's important to note that the deposit is not the only cost associated with buying a property, there are other costs such as stamp duty, legal fees, survey fees and removal cost that you will need to budget for.

It's recommended to consult with a mortgage broker in Cambridge to determine what deposit is required and what mortgage options are available to you based on your individual financial situation.

Mortgage Guides

Cambridgemoneyman.com & Cambridgemoneyman are trading styles of UK Moneyman Limited, which is authorised and regulated by the Financial Conduct Authority.

UK Moneyman Limited is Registered in England, No. 6789312 | Registered Address: 10 Consort Court, Hull, HU9 1PU.

Authorised and Regulated by the Financial Conduct Authority.

We are entered on the Financial Services Register No. 627742 at www.register.fca.org.uk

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