Welcome to Cambridgemoneyman, home of mortgage advice in Bury St. Edmunds. We are an experienced mortgage broker in Cambridge with over 20 years of helping customers achieve their home owning dreams.
As a trusted mortgage broker in Bury St. Edmunds, we will offer complete support and guidance from the moment you get touch, through to completion and beyond. Your advisor will keep you in the loop 100% of the time, informing you of updates, changes and any further documents needed.
We like our customers to know that they can talk to us any time, encouraging them to ask questions when they need answers and making sure they feel both comfortable and secure, no matter how far along the process they are.
Customers can often encounter various mortgage hurdles, especially if they are first-time buyers. With the help of an experienced and professional mortgage advisor in Bury St. Edmunds, you will hopefully have a stress-free and easy journey. Give us a call today and we will book you in for a free initial mortgage consultation.
Utilising our 20 plus years of experience and knowledge as a dedicated mortgage broker in Bury St. Edmunds, we rarely find ourselves in a situation we can’t solve. No matter how big or small you feel it may be, get in touch and our team will do our best to find a favourable outcome for you. We love challenging cases!
Here are some of the mortgage scenarios that we encounter the most as a mortgage broker in Bury St. Edmunds:
If your situation is not listed above, do not fret, we may still be able to help you out. There are lots of different types of mortgage and hurdles that we have encountered over the years, so there is still a chance we could help you.
We commonly find that those seeking the aid of a mortgage broker in Bury St. Edmunds are first-time buyers, as they are inexperienced and can feel a little lost on what to do.
It’s not just first-time buyers however, as we regularly receive calls from people who are moving home, budding/existing landlords and those looking to remortgage their current property. Our team work hard to save both time and money, doing everything in our power to find the most appropriate outcome for you.
We’ll do the hard work for you! With our in-depth knowledge of lender criteria, our expert team can compare your details with thousands of different mortgage products, finding the most ideal one for your financial circumstances.
If you are looking at taking out a remortgage, we are able to help with this. There are many routes you could take, with options like capital raising for home improvements or paying off existing credit cards and loans being some of the more popular ones. By getting in touch with a mortgage advisor in Bury St. Edmunds, you could find yourself on a better deal with more favourable rates of interest.
Your advisor is happy to work around you and your commitments, booking you in for whatever time is best for you. There will always be someone available to answer your mortgage questions 7 days of the week.
Everything we discuss is strictly confidential – We will protect your details and make sure you are comfortable and secure all throughout.
Providing a top level of customer service is something we pride ourselves on, doing what we can to make sure our brilliant customers are in safe hands. Our genuine customer reviews are proof of our customer loyalty, please feel free to have a look!
Taking advantage of our free mortgage consultation will be worth your time; we look forward to you contacting us!
We are very proud of the customer service we provide; it is the heart of everything we do here at Cambridgemoneyman. Whether you are dealing with a mortgage advisor or an administrator, our dedicated team are here from early until late, 7 days a week to assist with any enquiries you may have.
We are active posters on Facebook and Twitter, sharing news and mortgage tips from our website on a daily basis. Give us a like and a follow so you can see if there is something that may help. If you have a mortgage enquiry, we always have someone monitoring the messages ready to respond as soon as possible.
When the time comes for a remortgage, you can worry less! You already own your house this time, so this means you get to avoid the property chain. We will do what we can to ensure that this time around things go quickly and smoothly.
We will help and support you throughout the whole process, making sure we can get through any hurdles together. We have got your back!
We will aim to make you feel relaxed and be open and honest with you at all times. We aim to take away the stress.
Please take a look at our genuine customer reviews. We strive to offer the best Mortgage Advice service possible every time.
The fees involved in Remortgaging will be similar to those involved at the start of your existing mortgage. Your Mortgage Advisor in Cambridge will be able to run through all of the fees with you before making any decisions when comparing the savings of the new deal against the current mortgage you are on.
Your initial free remortgage consultation with one of our Mortgage Advisors in Cambridge will last approximately an hour. Proceeding with the consultation will help compare a potential new deal against your current product, recommending the most appropriate one for your needs, with no obligation to proceed if you decide not to proceed.
Although we don’t recommend this subject without seeking expert Mortgage Advice in Cambridge before consolidating any debts, they may have. You may be able to remortgage and increase your mortgage’s size to pay off any unsecured debts you may have accrued over time.
For a New Build, you will be looking at at least 5% of the property sale price in Cambridge. The Government will kindly loan you up to 20% of the value of the property, but you will pay back the loan from the Government over time.
Firstly, you need to fill out our Fact Find to get an idea of your current personal and financial situation. Next, our team will pass over this information to your dedicated Mortgage Advisor in Cambridge, and they will keep in touch to schedule your free mortgage consultation. You will get asked a series of questions to help build up a profile; this will help them pick out a mortgage deal tailored to you.
Secondly, once the consultation is over, a credit check will carry out, and this will help you obtain an Agreement in Principle. Granted, if you are okay with everything and happy to proceed, we will then ask for some documentation to help strengthen your application.
Lastly, with your Agreement in Principle, submitted evidential documentation and a comprehensive mortgage offer that you’re happy to continue with, you can move onto the last stage – mortgage application submission!
The time scale can alter depending on the Lender but on average, an Agreement in Principle will likely last around 30-90 days.
If you’re Agreement in Principle expire, worry not. It’s an easy process to renew. Speak to one of our Mortgage Advisors in Cambridge or your current Lender to arrange a renewal of your Agreement in Principle.
You sure can! If you are wondering why someone might want a second mortgage, here are some popular situations:
???? Debt Consolidation
???? Home Improvements
???? Buy to Let
???? For a second home/holiday home
If you are looking for a second mortgage, contact our mortgage team in Cambridge today, and see how they can help you.
It may be harder for you to obtain a mortgage with past credit problems, but not impossible depending on circumstances. You may get asked to put down a larger deposit, which will vary depending on your lender.
If you are suffering from bad credit, give us a call, and our advisors will be more than happy to try and help. We have a wide variety of specialist mortgage lenders who may have the perfect mortgage deal for your financial situation.
Yes, the good news is it is possible to obtain a mortgage as a self-employed worker depending on circumstances. First. You need to produce at least one year’s accounts.
To work out the maximum mortgage amount you can borrow, Lenders will use your salary + divided, whereas others might go off your net profit.
Whether you’re applying for a mortgage or looking to remortgage, there are a few documents lenders will always want to see during the process. You will get asked to provide some evidential documents to back up your mortgage application. For example, you’ll need things like ID, bank statements, payslips.
Don’t worry if you forget any of these documents listed; your assigned Mortgage Advisor in Cambridge will run through all of this with you, so nothing gets missed.
Your free mortgage consultation in Cambridge can take approximately an hour; within the hour, we take an in-depth look into your personal and financial situation.
Once your consultation gets concluded, we will try to turn around an Agreement in Principle within 24-hours. An Agreement in Principle is essential when making an offer on a property, as estate agents and sellers often accept those who already have an AIP than those who haven’t.
The final step is to submit your mortgage application and wait for a formal mortgage offer. Usually, this will take about 2 -4 weeks – provided the process goes smoothly, and your application is relatively straightforward.
The deposit can vary between 20%-40%; the minimum deposit for a Buy to Let mortgage tends to be around 25% of the property value. Lucky for you, we have Specialist Buy to Let Mortgage Advisors in Manchester who are experts in this subject.
Our Mortgage Advisors in Cambridge job is to gather personal, financial and financial mortgage situation information from you during your free mortgage consultation because they need to build an in-depth understanding of your mortgage needs to try and find you the most suitable mortgage.
Once your consultation is complete, your Mortgage Advisor in Cambridge will begin searching for mortgage products on your behalf to match your personal and financial situation, saving you time and money.
We recommend you get an Agreement in principle before viewing any houses in Cambridge. Doing so may increase your chance of your offer getting accepted and will put yourself in front of other buyers who don’t have an Agreement in Principle in place.
The deposit all depends on certain factors. For example, depending on your credit history and the lender you are using, they might only require a 5% deposit of the property price.
Other factors come into play, such as if you fall into the lower credit score bracket, you may expect to put down a 10-15% deposit.
Lenders will often use the discount provided by the council as your deposit. Some lenders, however, will require you to put down a deposit in addition to the discount. This is sometimes the case if you’ve been struggling with credit problems. Our Mortgage advisors in Cambridge are readily available to answer any Right-to-Buy deposit questions you may have.
Remortgaging is excellent if you are on your lenders SVR (Standard Variable Rate of Interest). You may find yourself in a better position to save money. Our expert Mortgage Advisors in Cambridge can compare the new products available against your current mortgage deal to figure out these savings, saving you time and money.
If you have equity in your property, a remortgage would also give you the option of releasing some of this money if you need it. We tend to find people who choose to Remortgage for Home Improvements for things like:
???? Home Extension – Perhaps your home could use a brand new porch or conservatory.
???? Home Office – Working from home and working from the kitchen table isn’t for you? Maybe a Home Office is what you need.
???? New Kitchen – Maybe your kitchen can be more practical and in need of a serious makeover.
???? Loft Conversion – Turn that old attic full of clutter into an extra living space.