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Specialist Mortgage Advice in Cambridge

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Declined by the Bank? We Might be Able to Help!

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.

 

Your Specialist Mortgage Advisor in Cambridge

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.

 

Over 20 Years of Experience

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.

 

How does it work?Get a quote nowMeet your advisor

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

Mortgage Lenders 007

Specialist Mortgage Advice in Cambridge

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.

In need of a Specialist Mortgage Advisor in Cambridge?

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.

What our customers say

Common mortgage
questions

Your initial mortgage consultation will usually take around an hour. A Mortgage Advisor in Cambridge will then do some research and recommend a potential mortgage for you, which you can then choose to proceed with or decline – There is not any obligation!

As your dedicated Mortgage Broker in Cambridge, we will gather some information about you and your personal circumstances by carrying out a Fact Find. The next step would be looking to obtain an Agreement in Principle which can be granted after a credit check. Once your Mortgage Advisor in Cambridge has gathered all the appropriate information, and a valuation of the property has been undertaken, a formal mortgage offer can then be issued.

To avoid possible disappointment, we recommend you obtain an Agreement in Principle before you begin viewing properties in Cambridge. At the very latest you should obtain one prior to making an offer to assist your bargaining position.

An Agreement in Principle typically lasts around 30 to 90 days depending on the Lender you have gone with. If your Agreement in Principle expires, you can always get another one.

If you are interested in things such as debt consolidation or home improvements, then you may be eligible for a second mortgage. Second mortgages may also be relevant if you are hoping to use it for yourself, a family member, a holiday home, or a Buy to Let mortgage.

When buying a house in Cambridge, the deposit required with High Street Lenders is typically 5%. Depending on your past credit history, this percentage could be higher.

If you have a poor credit history you may still be able to obtain a mortgage, but this will often require a higher deposit than you would normally need, sometimes around 15% of the property purchase price.

You are able to progress with a possible mortgage whilst Self Employed in Cambridge once you have submitted at least one years’ account. Most lenders use your salary plus dividend to calculate what your maximum mortgage, could be. Other lenders may opt to go off your net profit.

For an employee to prove income you would need the last 3 payslips and if you are Self Employed you will need the last 2 years of accounts. You will also need to provide us with proof of ID, address, and 3 months’ bank statements.

Our free consultations in Cambridge normally take around 1 hour. A Mortgage Agreement in Principle can usually be sorted within 24 hours of the appointment. A formal mortgage offer takes about three weeks on average, depending on the situation.

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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 in Cambridge!

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 authorised and regulated by the Financial Conduct Authority.
UK Moneyman Limited registered in England, registered number 6789312 and registered office 10 Consort Court, Hull, HU9 1PU.

© 2021 Cambridgemoneyman

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

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