Welcome to moving house mortgage advice page from your friendly Mortgage Broker in Hull. Here at Hullmoneyman, we have many years of valuable experience within the mortgage industry and we can’t wait to help answer your questions.
We invest our time in making sure you receive the best customer service, trying to ensure you come out with a smile on your face. You can find out more about our fabulous customer service here.
If you are considering moving home, you should get in touch with our fantastic Mortgage Advisors in Hull as they are always happy to help. We also provide a free initial mortgage consultation, so if you are wanting Moving Home Mortgage Advice in Hull, don’t hesitate to get in touch and claim this amazing offer.
We can search 1000s of mortgage products, to find you the best deal for your individual circumstances.
Don’t worry if your situation isn’t listed above as we always deal with new challenges which our fantastic team of advisors always try to get by.
If this happens to be the case, it is important that you don’t keep trying loads of different lenders without being 100% sure of their strict lending criteria. This could have a negative impact on your credit score and may lower your chances of getting a mortgage altogether.
With the years of valued experience within a local mortgage environment, we aim to deliver that amazing service with every customer. With the use of our in-depth mortgage knowledge, we can try our best to give your mortgage application to the most suitable mortgage lender based on your personal situation.
Unlike a lot of other mortgage brokers, we are not tied to estate agents, so our priority is to solely work for you. We always aspire to deliver that perfect customer experience for everyone who works with us at Hullmoneyman. Even if you consider your situation to be complicated, still contact us as we love a good challenge and our advisors always try to get over any hurdle. Getting Mortgage Advice in Hull could be just what you need to get over that mortgage application finish line!
Contact us to book your free moving home mortgage consultation.
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.
