Moving Home Guide & Mortgage Advice in Cambridge

Moving Home Mortgage Advice in Cambridge

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We Take the Stress Away From Moving Home in Cambridge!

The process of moving home can be known to be quite a stressful one. The overall challenge you need to overcome if you are moving home is finding a buyer for your property whilst searching for your own, which can be the main reasoning for this perception. Along with this, you need to undergo all the legal arrangements and your mortgages – it can be a real nightmare!

 

As a Mortgage Broker in Cambridge, we strive in helping you reduce that stress, especially with the mortgage finances. Our team will work hard in taking the weight of your mortgage off your shoulders by handling the mortgage side of the process whilst a solicitor will handle the legal aspects.

 

The overall aim of your mortgage journey is for our team to find you a mortgage deal that fits your circumstances which they do by searching through 1000’s mortgage products. Here at Cambridgemoneyman, we offer all new/existing customers a free no-obligation mortgage appointment where they can speak to an expert Mortgage Advisor in Cambridge and begin their home moving journey. If you are looking to move home in Cambridge, please don’t hesitate to contact us.

How does it work?Get a quote nowMeet your advisor

We search 1000s of mortgage deals across a large number of lenders, including:

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Moving Home Mortgage Advice in Cambridge

Over the years, our team of knowledgable Mortgage Advisors have helped a plethora of customers successfully complete the mortgage journey with their circumstances varying from relocating in Cambridge to wanting to move within the city.

 

From this, we have encountered a variety of moving home scenarios with the most common being shown below,

 

How Much You Can Borrow & The Costs

Our team usually get contacted by home movers at the start of the process for Mortgage Advice in Cambridge. The general reasoning for this is that they are wanting to know the amount they might be able to borrow, the interest rates as well as how much their monthly repayments would be.

 

Need an Agreement in Principle

When you have had your Free Mortgage Consultation, your dedicated advisor will search through 1000’s deals to find you the one appropriate for your circumstance. As soon as you have agreed to the recommendation, we will then get started on obtaining your agreement in principle. Having a mortgage agreement in principle with you (AIP) can help you back up any offers you would like to put forward and can show the seller that you are in a serious position to proceed.

Your Offer on a New Home Has Been Accepted

Congratulations, you have had your offer accepted on your new home in Cambridge! It is now time to get in touch with your dedicated Mortgage Advisor to begin completing your full mortgage application. As well as this, we can help with the types of property and recommend a conveyancing solicitor.

Having Trouble with the Bank

Many of our customers have got in touch with Cambridgemoneyman after being declined by a Bank or Building Society. This could be for a number of reasons like you didn’t meet their credit scoring criteria, or the amount they were willing to lend wasn’t enough for you. Either way, it can be very beneficial to get in touch with a Mortgage Broker like us who can explore specialist lenders.

 

Our team work with a variety of lenders who provide specialist products with the purpose of providing options to clients with previous credit issues. As mentioned, this all depends on your financial situation and your credit file. The good news is our Mortgage Advisors have detailed insight of these products and their credit so will be able to help you find the right product for you.

 

The scenarios we have mentioned above are the most common ones we have encountered. Therefore, please don’t hesitate to get in contact if you feel your situation doesn’t match any of the above. Our experience has given us the opportunity to deal with a variety of situations so there is a high chance that we have dealt with a situation similar to yours before and would love to help.

Why choose Cambridgemoneyman as your Moving Home Mortgage Broker?

Here at Cambridgemoneyman, our team of expert Mortgage Advisors in Cambridge can explore your mortgage options if you are looking to move home. They will be there to provide a helping handing from your initial contact all the way through completion.

We have helped many customers take that next step on the property for over 20 years which means there is rarely a situation we haven’t come across before.

 

When you get in touch with our team, you will be offered a free no-obligation home movers review. Within this review, we will look into what mortgage goals you are looking to achieve and look at if it fits within your affordability. Furthermore, we will review both your monthly payments and the maximum borrowing capacity.

 

After your home movers review and your dedicated advisor has taken in some details, it’s then time to find you the perfect deal for your situation. Your Mortgage Advisor in Cambridge will then search through 1000’s of mortgage deals to find the best deal for you.

 

As soon as you have agreed with a recommendation, the next step is to begin looking at getting your mortgage agreement in principle sorted. Having this with you will help you with backing up any offers you would like to make.

 

After you have found your new home in Cambridge and have had your offer accepted, it’s then the time for your full mortgage application to be processed by our team which we can help you with throughout the full process.

 

Here at Cambridgemoneyman, we strive in providing a service that goes beyond the mortgage. Our team can help with the range of surveys on offer to you and will help get you conveyancing solicitor quotes. Alon with your mortgage recommendation, your dedicated advisors will point out insurances that would be suitable for you to help cover your mortgage in any unexpected circumstances.

 

If you are looking to begin your moving home journey, get in touch with our team today. We look forward to hearing from you!

01223 653832

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Common mortgage
questions

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:

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???? 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.

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.

We make it so easy!
Our 4 step process

Step 1

A telephone call where we can take some initial details and find out about your plan of action.

Step 2

Enjoy finding a property!

Step 3

Make an offer on the property you set your heart on – we’ll finalise your figures and help you to get a good deal.

Step 4

Our mortgage recommendation. We’ll try to find you the best mortgage deal. We’ll be there to support you, right through to you getting your keys.

A telephone call where we can take some initial details and find out about your plan of action.

Enjoy finding a property!

Make an offer on the property you set your heart on – we’ll finalise your figures and help you to get a good deal.

Our mortgage recommendation. We’ll try to find you the best mortgage deal. We’ll be there to support you, right through to you getting your keys.

Handy quick links

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

The information contained within the website is subject to the UK regulatory regime and is therefore primarily targeted at customers in the UK.
Should you have cause to complain and you are not satisfied with our response to your complaint, you may be able to refer it
to the Financial Ombudsman Service, which can be contacted as follows

The Financial Ombudsman Service, Exchange Tower, London, E14 9SR
www.financial-ombudsman.org.uk

© 2022 Cambridgemoneyman

Cambridgemoneyman, Nine Hills Road, Cambridge, CB2 1GE.

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