Welcome to Londonmoneyman, the home of fast and friendly Mortgage Advice in London. Our main priority is to be able to provide for all of our customers based in London who are seeking transparent mortgage advice which is suited to their individual situation and will offer a great start to their mortgage application.
If you’re looking to speak to a Mortgage Broker in London then please look no further, our Mortgage Advisors in London are here to help you every step of the way with your Mortgage application!
Whether you’re wanting to start your mortgage application down the right path and get your keys at the end of the process, or you’re just after some trusted Mortgage Advice in London from a reliable Mortgage Broker in London then we’re here to help.
Our Mortgage Advisors in London offer a wide range of Mortgage Advice ranging from tailored advice to First Time Buyers in London, to Specialist Mortgage Advice in London. With numerous years of experience as a collective, our team will guide you through your mortgage process and make sure you’re reassured at each stage throughout the process.
We make it so as you have someone reliable with you from start to finish as we assign both a dedicated Case Handler and experienced Mortgage Advisor in London to your case who will be there to answer any and all mortgage questions you may have about your mortgage application throughout the whole of the process.
The products that our Mortgage Advisors in London work with are an extensive list that we are able to offer out to our customers if they match the criteria. Our Mortgage Broker in London has access to both exclusive and everyday mortgage products available to find you the very best deal for your mortgage making sure you’re secure throughout your time with us and afterwards too.
However, despite it being our speciality, our Mortgage Advisors don’t just focus on getting you a mortgage, we will be there to also provided guidance on government schemes such as the governments Help to Buy Equity loan scheme and the Right to Buy scheme in London.
Our Mortgage Advisors in London are also able to help you if you’re a landlord (or first time landlord) looking to purchase a Buy to Let or expand your portfolio if you already own existing properties.
We understand that sometimes Banks’ Mortgage Advisors in London are quite hard to obtain an appointment with and they are only restricted to their Banks products which means that a cheaper option could be available for you.
This is why our Mortgage advisors are also available to offer Mortgage Advice in London for Self Employed applicants who might struggle to pass lender criteria – we make sure to thoroughly overview the situation and find criteria which will offer you the best chance at a successful mortgage and our Mortgage Advisors will also look into seeing if Specialist Mortgage Advice in London will be required. If you have a CCJ or a Poor Credit Score, it may also be an advantage for you to get in touch with us to discuss your mortgage options.
So, you have seen the outline of the services that we are happy to provide but why should we be your first option as your Mortgage Broker in London?
Your free initial mortgage consultation in London will last roughly one hour. Your dedicated mortgage advisor in London will then recommend a mortgage for you, with no obligation for you to proceed. At this point, it is up to you to decide whether or not you wish to proceed with the recommended mortgage.
If you choose us as your Mortgage Broker in London, then our process will work as the following; One of our Mortgage Advisors in London will carry out a Fact Find to determine your, needs before recommending the most suitable mortgage available for you. A credit check will then be required for an Agreement In Principle. Once all the relevant documentation has been gathered and the valuation of the property has been undertaken, a formal mortgage offer can be issued.
In order for you to ensure you are prepared as early as possible, our Mortgage Advisors in London recommend that you obtain an Agreement in Principle prior to viewing properties in London. At the very latest you should obtain a Mortgage Agreement in Principle before you make any offers, in order to help with your bargaining position.
An Agreement in Principle will normally last somewhere in the range of 30 and 90 days. This depends on the Lender that is being used. If your Agreement in Principle expires, your advisor can always refresh this for you.
If you are looking to achieve something like debt consolidation or home improvements, you may be able to get a second mortgage. The option for a second mortgage can also be used on a second property if you are looking at using it for yourself, a family member, a holiday home or a Buy to Let.
The minimum deposit necessary for purchasing a house in London with High Street Lenders is usually at 5%. If you have had previous credit problems, this could be higher.
Obtaining a mortgage if you have had previous credit problems isn’t completely impossible, but you may face certain hurdles, such as some lenders requiring that you put down a higher deposit than usual, perhaps 15% of the property purchase price.
You are able to get a mortgage once you have submitted at least one year’s accounts. The majority of Lenders use your salary plus dividend to calculate the maximum amount you can borrow, whereas others may use your net profit.
Three payslips are generally what is required for an employee to prove their income and if you are Self-Employed, it’s usually the latest 2 years’ accounts. You will also need to produce some proof of ID, your address and the latest 3 months’ bank statements.
If you take up a free initial mortgage consultation with one of our trusted Mortgage Advisors in London, your appointment will last around an hour. Your advisor will be able to turn round an agreement in principle within 24 hours, with a formal mortgage offer taking roughly about three weeks on average.