It’s been said by many that the process of moving home can be considered to be one of the most stressful experiences that you may go through in your life. This point is only furthered when you factor in handling a mortgage on top of that.
By utilising the experience and knowledge of a Mortgage Broker in Hull who will work alongside you, we hope that your stress levels throughout your journey will be greatly lessened.
One of the more prominent reasons as to why moving home can be seen as a stressful process to work through, is that you will be buying your new home whilst also selling your old home at the same time.
You may be able to take comfort, however, in knowing that the paperwork and simultaneous completions will be the responsibility of your conveyancing solicitor.
Even still, during that time frame you will have to secure a purchase on a potential new home, as well as finding someone to buy your home.
If you are searching for the different routes you can take when Moving Home in Hull, our dedicated and knowledgeable team will be on hand to ensure that your home purchasing and mortgage processes go as smoothly and as quickly as they possibly can.
We are on hand all throughout our customers mortgage journey’s, making sure we answer any questions you have and keep you well-informed.
Our mortgage advisors in Hull are able to take a look at thousands of mortgage products, in order to find you the best mortgage deal for your personal and financial circumstances.
If you are hoping to move home in Hull with a mortgage, please feel free to contact us. We offer every customer who gets in touch a free mortgage appointment with a dedicated mortgage advisor, and our team are excited to get the next step in your mortgage journey underway.
Regardless of if you are just looking at moving from outside of Hull into the city or live on the outskirts and are looking to move within the city limits, our hard working team of mortgage advisors have helped lots of different customers achieve your home moving and mortgage goals.
Here we have put together a list of the varied popular home moving scenarios that we have heard from many customers over the years:
We find that lots of customers will get in touch with us earlier on in their mortgage journey, hoping to take advantage of our fast & friendly Mortgage Advice in Hull.
We find that in situations like this, the customers who get in touch with us are generally looking to gain an understanding of roughly how much they would be able to borrow, what the interest rates for these would be, and how much their monthly repayments might be.
Once you have taken part in a Free Mortgage Appointment, your assigned mortgage advisor will then look at thousands of products, with the intention of helping you find the absolute best mortgage that they can for your personal circumstances.
If you agree to proceed with our mortgage recommendation, we are then able to progress your mortgage and help you to find yourself an agreement in principle. Having your AIP to hand will keep you well prepared for any possible offers you make on homes in Hull.
If you have already had an offer accepted on your potential new home, the ball is now back in the hands of your trusted mortgage advisor in Hull who will work incredibly hard to get your full mortgage application process started
We are also capable of providing help and guidance with the types of property surveys and can recommend a reliable conveyancing solicitor for you to use.
There may be various reasons as to why your mortgage application with a Bank or Building Society may not be accepted.
The reasons for this could be anything from maybe not meeting the lenders strict credit scoring criteria, to not having the eligibility to borrow as much as they would like.
No matter why you are declined by the lender, you should still get in touch with a fast & friendly mortgage broker in Hull, as this will allow you to have the option to explore various specialist mortgage lenders, as well as some unique deals.
We have a large amount of varied mortgage lenders on panel, each of these who offer specialist products for niche circumstances, with many tailored to those who maybe have a poor credit history. We have a lot of in-depth knowledge on mortgage lending criteria.
Here we have taken a look at the most popular reasons that customers may get in touch with us, ahead of utilising our expert mortgage advice for Moving Home in Hull.
If your current situation doesn’t quite match what we have discussed here, it is still worth getting in touch with one of our mortgage advisors today. We’ve seen various mortgage scenarios throughout the years, so it’s likely we have encountered a situation like yours before.
If you’re looking at your options when it comes to moving home in Hull, then get in touch with our experienced team of Mortgage Advisors in Hull. We will be by your side from the start of your journey until the end, helping you figure out what the best path to take is.
Here at Hullmoneyman we have a trusted team of experienced mortgage advisors in Hull who regularly work with customers in order to help them find their place on the property ladder. We rarely come across situations that we have not seen at least something similar to in the past.
We offer everyone who gets in touch a free home movers review to begin with, with no-obligation to proceed. During this review, we’ll search through your mortgage plans and determine whether or not you are able to afford to keep up your payments, taking a look at how much you may be able to borrow and your monthly outgoings.
Once we have gathered some initial information from you and we understand what it is you’re looking to achieve, your mortgage advisor will be able to look through thousands of different mortgage deals in order to find the best possible one for your situation.
If you have no quarrels in going forward with our recommendation, we will be able to help you obtain your mortgage agreement in principle, in order to backup any offers you make on a property.
When you have found your next home home in Hull and have had an offer accepted on it, our mortgage advisors will be able to process your full application on your behalf, ensuring you have full support, right until it completes and beyond.
It’s not just about finding you the best mortgage, it’s about much more than that. We do everything we can in order to help our customers out, which also includes helping them to arrange a survey to be undertaken on their possible new home and tp also help them obtain any quotes from conveyancing solicitors.
Once you have been given a mortgage recommendation, you’ll also be recommended the appropriate insurance to potentially take, as these will help to protect you from any unfortunate circumstances that could harm your ability to pay your mortgage bills.
We work only for the customer, with no ties to any banks, estate agents, or building societies. Our dedicated and reputable team of mortgage advisors are always ready available to provide support and guidance with your moving home goals. We can’t wait to hear from you!
Our free initial mortgage consultation will last roughly one hour. Lucky for you, as an experienced Mortgage Broker in Hull, we can turn around an Agreement in Principle within 24 hours. All we need is a quick phone call to gather the necessary information. A formal mortgage offer takes about three to four weeks on average.
If you’re an employee, you will usually have to supply three payslips and the latest P60 to prove your income. If you are Self Employed in Leeds, it is typically the latest two years’ tax calculations and correspondings overviews. You will also need to provide proof of ID (Driving license or Passport). Proof of Address (Utility bills, tax bills or credit card statements) and three months’ bank statement. You are proving the deposit built up with an explanation for any significant credits.
The good news is it may be possible to get a mortgage if you are self-employed in Hull. To qualify, you need to submit at least one year’s of accounts, the likelihood may increase your chance of obtaining a mortgage. Most lenders take a look at your salary plus dividend to calculate the maximum mortgage amount. Others may go off your net profit. It all depends on the lender.
The good news is that you may find it a bit more challenging to obtain a mortgage despite having previous credit issues on your record. But it doesn’t mean it’s impossible, and you may still be able to get one! It just means that some Lenders may ask for a slightly higher deposit of around 10-15%.
Most high street mortgage lenders will usually ask for a minimum of a 5% deposit. This percentage may be higher depending on your previous circumstances, e.g. if you’ve had any past credit issues.
The good news is it is possible to have two mortgages in Hull running simultaneously, as long as you can afford to repay the monthly instalments on each of them. If you’re looking to accomplish something like debt consolidation or home improvements, you may be able to place a second mortgage on your home.
An Agreement in Principle typically lasts for 30-90 days. However, this timeframe is up to the Lender. If your Agreement in Principle expires, worry not; you can renew it by getting back in touch with your Mortgage Advisor in Hull.
As a Mortgage Broker in Hull, we recommend that you obtain an Agreement in Principle (AIP) as soon as you can, preferably before you start viewing properties. Having an Agreement in Principle in place when you are viewing houses could potentially allow you to negotiate prices.
Our mortgage process consists of multiple different steps. The first step is to get in touch, and one of our trusted mortgage advisors in Hull will carry out a Fact Find to get a bigger picture of your mortgage situation.
Secondly, you’ll undergo your free mortgage consultation, and your assigned dedicated Mortgage Advisor in Hull will begin searching for mortgage deals that match your circumstances. If they find you an offer that you are happy to proceed with, we can get the ball rolling with your mortgage application.
Next, they will perform a credit check on you to obtain an agreement in principle. Some evidential documents will be required from you to help back up your mortgage application.
Lastly, they will submit your mortgage application and wait for a formal mortgage offer to be issued.
Your free initial mortgage consultation with your dedicated Mortgage Advisor in Hull will last around an hour. During this consultation, we will get to learn a bit more about your mortgage needs and what you are looking for. Once we know more about your personal and financial situation, we will start looking for mortgage deals that will match you perfectly.
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.
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.
