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Specialist Mortgage Advice in Leeds

Free Specialist Mortgage Consultation - 7 Days a Week

0113 8272263

Has the Bank Declined you? Let us try and Help!

Often, getting a mortgage should be straightforward. As long as you have a good credit history, have the correct documentation and have evidence to prove you can afford your mortgage payments.

 

That said, there is more to it, but being sensible and following guidance like that will generally put you in a much better place to potentially get a mortgage.

 

For some homebuyers, something might crop up that stopped them from getting a mortgage, be it the bank rejecting their application for not meeting their lending criteria or something else.

 

As a specialist mortgage broker in Leeds, we can search through thousands of mortgage products. Our team of mortgage advisors in Leeds will take the time required to understand your personal and buying situation because it will give us the information needed to find the best mortgage deal available for your circumstances.

 

Don’t be put off by complex criteria

As a reputable mortgage broker in Leeds, we have access to a large panel of lenders providing a range of mortgage products. The specialist mortgage products on offer to customers include some which fit many complex situations.

 

Our aim is to support you throughout the process, overcoming unexpected obstacles to hopefully a successful end of a mortgage. Our hardworking mortgage advisors are determined to help you towards this success from the beginning of your journey right through to the end.

 

When you get in touch with us, you can expect open and honest mortgage advice in Leeds by a responsive and dedicated mortgage advice team who will keep you updated throughout the process. They strive in finding you the best deal that is tailored towards your financial and personal needs and are there to be a helping hand all the way through the journey.

 

 

How does it work?Get a quote nowMeet your advisor

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

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An In-Depth at Specialist Mortgage Scenarios 

Here at Leedsmoneyman, we are here to welcome and help any mortgage applicants who are struggling with getting accepted by a lender. 

 

We have dealt with a plethora of customers with different mortgage scenarios and varied circumstances through our experience as a fast & friendly mortgage broker in Leeds. Here are some mortgage scenarios that we see regularly come up: 

Property Down Valuation

A property down valuation happens in the case where you have had a property survey carried out on the property but you have found the offer you put forward and accepted initially is above the market value of the property. 

Divorce & Separation Mortgage Advice 

In the unfortunate situation where you are going through a separation or divorce, it can be challenging to sort out what happens next.

 

If you are tied into a mortgage together, this can be difficult even more. Being quick with sorting this out is really important as the longer you leave it, the more complex the situation can get. 

Remove a Person from a Mortgage 

Leading on from the previous scenario, if you are going through a divorce or separation, there is the option to remove your name or your ex-partner’s name from your mortgage.

 

The options available to you varies depending on both of your financial stability also your affordability which will be judged through one form of income.

 

Single Name Mortgages for Married Applicants 

If you are married and are wanting to get a mortgage on a property that both you and your partner will live in, you may wish to take out a mortgage in only one of your names.

 

This is where you would look to see if you are eligible for a mortgage in a single applicant’s name.

 

Lenders would prefer both applicants on the mortgage as there would be two incomes instead of one however the option may still be there. 

Shared Ownership 

The Shared Ownership Scheme is a way for mortgage applicants to take out a mortgage on only a percentage of the property, as a share. The amount can vary between 25%-75%.

 

You will pay back rent to whoever to the individual who owns the remaining share, this is usually a local authority, and you will pay this as well as your payment. 

Professional Mortgages 

This is known as being a niche section of the mortgage market due to this type only being offered to very specific professions. Because of the specifications that comes with this mortgage, it’s best you get in touch with a specialist like ourselves for more information. 

Second Home Mortgages 

Taking out a mortgage for a second property will require you to demonstrate that you will be financially fit for covering two mortgage payments. Our team will be able to help you get ready for this. 

Holiday Home/Let Mortgages 

Similar to buy to let properties, however, holiday lets means you won’t have a tenant in there constantly which suggest that the property will be empty in periods that are off-season.

 

Lenders will need to be confident that you will still be able to afford the mortgage payments every time, even if the property is not occupied. 

New Build Mortgages 

You may find that new builds can be more expensive to invest in compared to properties from previous generations. The Help to Buy Equity Loan Scheme introduced by the government is fitting for only first time buyers who are finding saving up for their initial deposit challenging.

 

The scheme is a chance for people who are struggling to take their first step on the property ladder.  

Non-Standard Construction Property Mortgages 

A building that is not built by the standard building materials like bricks and mortar is known as a ‘non standard’ property.

 

It’s required that you take out a very specialist mortgage product in order to take out a mortgage under this type. In the instance where you are looking to buy a property that is under the category, we highly recommend you get a full structural property survey. 

Multiple Applicant/House of Multiple Occupation Mortgages 

HMO mortgages are like buy to lets but with 4-6 tenants involved. This one is generally used for student housing. Looking at specialist buy to let mortgage advice in Leeds would be something we would highly suggest to look into. This is because HMOs can be challenging to work with. 

Offset Mortgages 

Offset mortgage works in tandem with a savings account. Taking an Offset mortgage out could be very beneficial if you are wanting to look at competitive interest rates and mortgage products.  

In need of a specialist mortgage advisor in Leeds?

As a mortgage broker in Leeds, we have access to an assortment of mortgage lenders on panel, each with its own unique mortgage lending criteria that customers can be compared and matched up against.

 

Our dedicated team of mortgage advisors in Leeds can provide the best deal for our customer’s financial and personal circumstances through their rich experience and extensive knowledge in mortgage advice.

 

Are you uneasy about your credit score? Looking to obtain an up-to-date copy of your credit report can be highly beneficial.

 

This will help you when it comes to attending your free initial mortgage consultation because our mortgage advisors can have a snapshot of your overall financial status. From this, we can look through deals that might work perfectly with your circumstances.

We Have Zero Ties to Estate Agents

It’s common to find other mortgage broker companies across the nation and in Leeds are tied to banks, estate agents or building societies. We are not partnered with any estate agents, banks or building societies which is what is a perk at Leedsmoneyman.

 

We work for the customer and have the customer’s interest at heart. Our team’s responsibility is to support and help you throughout the mortgage process.

 

Our friendly and hard-working mortgage advice team strives to provide you the best service to get you through the full mortgage process and constantly updating through every step to hopefully a successful mortgage.

 

We provide this service in the hopes that you end your mortgage journey satisfied going into your new home happy with a brilliant mortgage deal that fits your circumstances.

 

As a fast and friendly mortgage broker, we will be your helping hand throughout your mortgage journey by providing you with open and honest mortgage advice in Leeds. Contact us and book your free mortgage appointment.

What our customers say

Common mortgage
questions

Our free initial mortgage consultation can roughly last up to one hour. As a skilled Mortgage Broker in Leeds, we can get you an Agreement in Principle within 24 hours after we have all the correct information. On average, a formal mortgage offer takes about three weeks. 

If you’re an employee, you will usually have to supply three pay slips to prove your income. If you are Self Employed in Leeds, it is typically the latest two years’ accounts. You will also need to provide proof of ID, address and three months’ bank statements. 

If you can show evidence of at least one year’s accounts, you may be able to get a mortgage. Most lenders in Leeds will use your salary plus dividend to work out your maximum mortgage. However, some can go off your net profit. 

Despite having shown any credit problems in the past, the good news is you may be able to get a mortgage, but it means you may be required to put down a higher deposit, e.g. 10 – 15% of the property purchase price.

Suppose you are looking to put down a deposit for a property in Leeds. In that case, most High Street lenders will ask for a minimum deposit of 5%, and others might ask for a higher amount depending on your circumstances, e.g. If you have had any previous credit problems.

You can have two mortgages 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 between 30 and 90 days depending on the Lender used. If your Agreement in Principle expires, it can easily get renewed by speaking to a Mortgage Advisor in Leeds. 

As a committed Mortgage Broker in Leeds, we will carry out a Fact Find to establish your personal needs before we go ahead with advising the most suitable mortgage for your circumstances. From there, you will be credit checked, which is a requirement to obtain an Agreement in Principle. Once you have provided all the relevant documentation and a valuation of the property has been undertaken, you can be issued a formal mortgage offer. 

Your free mortgage consultation with a Mortgage Advisor in Leeds will last around one hour. Once they have evaluated your circumstances, they will advise a mortgage with no obligation for you to proceed. Based on the deal, you can determine whether or not you want to continue the process. 

To help demonstrate that you are creditworthy and assess your affordability for a mortgage, we recommend getting an Agreement in Principle ready before viewing properties in Leeds. At the very latest, you should obtain one before making an offer to assist your bargaining position and show any seller that you are ready to proceed should they accept your offer. We are typically able to obtain an agreement in principle within 24 hours.

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 Leeds!

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

Leedsmoneyman.com & Leedsmoneyman 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 Leedsmoneyman - Mortgage Broker

Leedsmoneyman, Wizu Workspace, 32 Park Cross Street, Leeds, LS1 2QH.

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