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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.
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.
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:
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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 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.
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 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.
4.98 Rating213 Reviews
Melanie
Cannot recommend Daniel enough. He was efficient and professional while dealing with my change of mortgage.
Lisa
Very professional & friendly service, I had a very complex case & really didn't think I'd be able to secure a mortgage. Dinah went through every step in a way I could understand & was there anytime I needed to ask anything. I will definitely be...
Connor
Dan was a fantastic help, and gave some grand advice. Very glad I had the chance to contact him!
Michael
Charlie had excellent and prompt communication and was supportive especially when a problem came up (not UK Moneyman's fault). Would definitely recommend.
Anonymous
Great service. Very efficient and friendly.
Samantha
They have been incredibly helpful every step of the way and there has always been someone available to speak to us, both during the week and at weekends. I highly recommend them and cannot fault them at all.
Saffron
UK Money Man have been incredible throughout the entire process. We worked with Matt & Lyndsey who have been faultless. We are first time buyers so are very new to the process but they made it stress-free from beginning to end. I would 100%...
Sashiddharan
My advisor is very prompt in replying to messages and will reply as soon as he is available. He discussed the mortgage with me and provide decision, on how to proceed. In my last application he was working late night to submit the applicaiton. I...
Stephen
How can I say anything other than brilliant my best choice.
Anonymous
Excellent advice
Tara
My partner and I used UK Moneyman in order to secure our mortgage. Both Ryan Coulson and Meghan Robinson were extremely knowledgeable and provided exemplary advice/guidance throughout the application process. They always provided swift responses to...
Victoria
The service was absolutely wonderful, everyone I spoke to was lovely and very helpful. I was kept up to date throughout the process. Would recommend.
Philippa
Malcolm and his team were brilliant when helping us secure a mortgage. As first time buyers, we did not know much about the process, but Malcolm and his team put us at ease, answered all of our questions and supported us every step of the way....
Anonymous
Dinah Harros and Meghan Robinson were very helpful to find a competitive mortgage deal. They were able to provide good advice regarding the market and ensured we kept informed of the progress. When there was issues they were able to react quickly...
angeline
Very professional and always go the extra mile. Thank you Chris and Anna.
Anonymous
It was a great service and we're really happy with the offer they helped us secure. Daniel was very helpful and Louise sorted everything very quickly for us. This is the second time we've used Leedsmoneyman for mortgages and we've recommended them...
Lucy
Ryan and Meghan couldn’t have been more helpful they made the process clear and stress free from start to finish.
Emma
Our entire experience with Leeds Moneyman has been fantastic, as first-time buyers this was all new to us and Dinah and Louise were such a great help along the way explaining the process in detail. They went above and beyond to secure us a mortgage...
Victoria
First Class Service, Both Louise and Charlie were always available to assist us in our remortgage. The are both very professional and dealt with any queries we had. We would have no hesitation in recomending them. Thank you.
Charmaine
Overall an excellent service and an experienced team. They covered all the basics and answered all our questions in a friendly way for first-time buyers. We really can't thank Wayne and Meghan enough.
Our free initial mortgage consultation can roughly last up to 30 mins. 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 30 mins. 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.
A telephone call where we can take some initial details and find out about your plan of action.
Enjoy finding a property in Leeds!
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.
