Are you being faced with a tricky mortgage situation in Cambridge? Are you struggling to understand why you can’t get accepted for a mortgage? As a Mortgage Broker in Cambridge, it’s our job to offer a helping hand if you are in this situation, let’s try and get over these mortgage hurdles together. We love a good challenge and whatever mortgage obstacle is in our way, we will try our best to get through it.
Here at Cambridgemoneyman, we work with lots of different specialists mortgage lenders that each have their own unique lending criteria. Approaching these lenders on your own and falling outside of their strict lending criteria, could lead to a declined mortgage application. Too many credit searches can have a negative impact on your credit score and could hamper your chances of getting a mortgage.
This is where help from a Mortgage Broker in Cambridge can prove invaluable. We have vast knowledge and experience when it comes to each lender’s criteria and we aim to get you the right deal the first time.
With a combination of our knowledge and 20 years in the mortgage industry, we will try our best to match you to one of these lenders that matches your personal and financial situation. If you have a bad credit history, don’t worry, it’s sometimes still possible to get a mortgage, don’t give up! Get in touch for a free mortgage consultation with a Specialist Mortgage Advisor in Cambridge today.
Getting a mortgage is not always as straightforward as it seems, sometimes it may require us to think “outside the box”. Don’t worry, our professional mortgage advice team will take all of the stress off your back. We are very experienced with complicated mortgage situations and customers that have been declined by their Banks.
With our vast wealth of knowledge and experience gained over the last 20 years in the industry. Being a Specialist Mortgage Broker in Cambridge, we have come across almost every single mortgage situation so don’t hesitate to contact us because it is more than likely that we already solved a similar or if not the same situation before.
We work closely with a large number of mortgage lenders, many specialists that have tailor-made mortgage products for special situations.
We will search through 1000’s of mortgage products in order to try and match you with the perfect mortgage deal. A Mortgage Advisor in Cambridge at Cambridgemoneyman will take both your personal and financial situation into consideration when comparing mortgage products for you.
Have you been declined your bank and need Mortgage Advice in Cambridge? We deal with customers who have been let down by their bank and more often than not, we are able to help.
These people are usually weeks into the mortgage application process and then get turned away for one reason or another late into the process. We usually find that the problem should have been picked up by the Mortgage Advisor at the outset.
Lots of stress and frustration can follow at a time like this, with threats on a property chain and completion dates etc.
You’re in safe hands with Cambridgemoneyman, we’re very experienced in dealing with complex mortgage situations so we’d love to hear from you. If you are not 100% sure of your lenders’ criteria before you apply you could be harming your chances of getting a mortgage altogether.
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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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.
A telephone call where we can take some initial details and find out about your plan of action.
Enjoy finding a property in Cambridge!
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.
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.
