Mortgage Broker in Scarborough

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We have been helping customers through their mortgage journey for over 20 years, and we would love to try and help you next!

Book your FREE mortgage consultation in Scarborough online, or call 01904 405975

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Book your FREE mortgage consultation in Scarborough online, or call 01904 405975

Malcoms Image

We have been helping customers through their mortgage journey for over 20 years, and we would love to try and help you next!

Enquire Online

Mortgage advice
your way

First Time Buyer

Remortgage

Moving Home

Buy to Let

Right to Buy

Self Employed

Help to Buy

Specialist

Reviews Stars4.95 Rating150 Reviews

Mortgage Broker in Scarborough | Mortgage Advice in Scarborough

“Here at Yorkmoneyman, it’s not just about the mortgage, it’s about the customer journey.”

 

As a Mortgage Broker in York & Scarborough, to make your mortgage process as stress-free and straightforward as possible. Going the extra mile, we will be on hand right through your journey seven days a week, from start to finish.

 

Whether you are a first time buyer, home mover, or a landlord looking to invest in a buy to let/let to buy property, we want to get your mortgage process started and help! Our team of expert Mortgage Advisors in Scarborough has knowledge and experience of all mortgage types and circumstances.

 

Your Mortgage Advisor in Scarborough will have access to many high streets and search 1000s of mortgage products to recommend to you the most suitable deal that matches your personal and financial situation.

 

We have worked in the industry for over 20 years, and this experience and knowledge can lead us to find you the most suitable deal!

 

Mortgage Options in Scarborough

First Time Buyer in Scarborough

Our team can help you work out the maximum amount you can borrow for a mortgage in Scarborough. Your Mortgage Advisor in York & Scarborough will ask you to provide documents that support your income and outgoings. They will also look at your credit rating, credit report, and other documentation to make sure that you qualify for a mortgage.

 

At the very start of your home buying journey in Scarborough, we aim to arrange an agreement in principle within 24 hours of your free mortgage appointment. Armed with an agreement in principle you will be ready to put down any offers on a property.

 

Remortgage in Scarborough

If you are approaching the end of your fixed term mortgage, you will need to start thinking about your options for remortgaging your property. Failing to do so will wind you up on your lender’s standard variable rate of interest. If we manage to find you a more suitable remortgage deal, you could potentially save loads down the line.

 

There are also other reasons why you may want to remortgage, this includes funding home improvements, releasing equity, and consolidating debt.

 

Moving Home in Scarborough

Whether you fancy living somewhere with a much bigger space or you have fallen out of love with the property, you are going to have to think about the involvement of moving home. Having to sell and buy a home at the same time can be very frustrating. Secondly, you will need to deal with the mortgage aspects; do you try and port your current mortgage, or just take out a new one?

 

Here at Yorkmoneyman, we can help you make ‘the right’ decision, and go through the most suitable options based on your financial and personal situation. We always want the best for you and will always be open and honest with you throughout the entire process.

 

Buy to Let in Scarborough

If you are a new or existing landlord you will also benefit from our mortgage advice service. Due to our transparent service, we have built strong relationships with buy to let mortgage applicants.

 

Typically, for a buy to let in Scarborough, you will need to have a 20-40% deposit, depending on your existing portfolio and credit score. Here at Yorkmoneyman, we can perform a credit and affordability assessment during your free mortgage appointment.

 

If you are self employed applicant in Scarborough, the mortgage process will be similar compared to full time applicants, with the main difference being you will just need to supply more evidential documents to show that you can afford a mortgage while being self employed.

Getting Mortgage Advice in Scarborough

Thanks to our easy-to-use free booking online system, it’s never easier to get Mortgage Advice in York & Scarborough. Once you have answered several questions, you will be able to choose a time and date for a mortgage appointment that suits you.

 

There are slots available 7 days a week!From there, you will be met with an advisor that specialises in your situation.

 

They will know the best way to handle your situation and recommend the ‘most suitable’ solution, even if it is slightly complex. Looking into Mortgage Advice in Scarborough could save you money down the line and help you understand the whole process a lot better.

 

Trusted by Thousands of Customers in Scarborough

Feel free to look at our fantastic customer reviews and see whether someone has been through a similar situation to you in the past. We take great pride in our reviews and love to share them on our social media channels so that people can see how we helped other people through their mortgage journey.

 

We have been working in the mortgage industry for over 20 years now and have had experience with all different kinds of mortgage scenarios. When faced with a new scenario, we will always do our best to get over that hurdle, no matter how hard it is.

Mortgage Broker in Scarborough

We can’t wait to hear from you and help you get your mortgage process started. Our Mortgage Advisors in Scarborough are available 7 days a week, so you can get in touch at the time that best suits you.

 

You can give us a call or book a free mortgage appointment online. As a Mortgage Broker in Scarborough, we aim to provide a fast and friendly mortgage advice service. Get in touch with a member of the team today and see the benefits of using a Mortgage Broker in Scarborough.

Free Mortgage Appointment

Thanks to our new booking system, you can easily book your free mortgage appointment online! Speak to a mortgage advisor in Wakefield today by simply choosing a date and time for your appointment.

Follow Us Online!

Our social channels provide you with the latest mortgage market updates and useful mortgage explainer videos. You can locate us on Facebook, YouTube, Twitter, LinkedIn, Instagram and even TikTok!

Mortgage Broker in Scarborough

It is important to us that you receive the best service possible when dealing with us. The mortgage process can be very stressful at times, and we want to make sure that you are comfortable and feel secure at all times.

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

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Common mortgage questions

As your Mortgage Broker in York, we will start with a Fact Find. During this stage of the process, we will get a better view of your personal and financial situation which will help us when selecting a mortgage deal.

You will then have a credit check performed on you, this step is essential in order to obtain an Agreement in Principle. Once you’ve handed us all of the relevent documentation and a valutation of the property has been completed, a formal mortgage offer can be offered.

Your initial mortgage consultation will take around an hour, afterwards, we will try and arrange an Agreement in Principle for you within 24-hours of your consultation. The final step is submitting your application and waiting for a formal mortgage – this can take about three weeks.

As a Mortgage Broker in York, we always recommend trying to have an Agreement in Principle in place prior to viewing properties. An Agreement in Principle could put you in a position that would let you negotiate prices.

Your free initial mortgage consultation will approximately last an hour. During the consultation, we will ask you some questions and get a bigger picture of your personal and financial mortgage situation.

After the consultation, your dedicated Mortgage Advisor in York will begin searching for mortgage products, trying to secure you one that’s more competitive than your current rate. Once we find a product for you, it’s up to you whether you want to take the offer or not. If so, we can get the ball rolling and start the mortgage application submission process.

Yes, you can obtain a second mortgage in some cases. Whether it’s for home improvements, debt consolidation, for a Buy to Let or a holiday home, you should know that our Mortgage Advisors in York can help you with this.

When making a deposit on a property, High Street lenders will usually ask for a minimum of a 5% deposit. If you’ve had previous credit problems you may be asked to provide a higher deposit.

You may find it slighter harder to get accepted for a mortgage with previous credit problems, however, it’s not impossible! The difference is that you may be asked to put down a higher deposit than usual, perhaps 10-15% of the property purchase price.

If you manage to submit at least one year’s accounts, you are able to get a mortgage. As a Mortgage Broker in York, we see that a lot of lenders use your salary plus dividend to work out the maximum mortgage amount that you would be able to borrow. We’ve also seen some lenders go off your net profit.

Here are all of the documents that you’ll need to support your mortgage application in York

  • Photographic ID (Driving license, Passport, etc.).
  • Proof of Address (Utility bills, tax bills, credit card statements, etc.).
  • Latest 3 months’ payslips & Latest P60 (employed applicants)
  • Latest 2 years’ tax calculations and corresponding overviews (self-employed applicants)
  • 3 months’ bank statement proving the deposit being built-up with an explanation for any large credits.

Once you obtain an Agreement in Principle, it should last around 30-90 days. This will depend on the lender that you’ve used.

If your Agreement in Principle expires, you can easily renew it by contacting your Mortgage Broker in York or your lender.

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Yorkmoneyman.com & Yorkmoneyman are trading styles of UK Moneyman Limited, which is authorised and regulated by the Financial Conduct Authority.
UK Moneyman Limited is Registered in England, No. 6789312 | Registered Address: 10 Consort Court, Hull, HU9 1PU.

Authorised and Regulated by the Financial Conduct Authority.
We are entered on the Financial Services Register No. 627742 at www.register.fca.org.uk

The information contained within the website is subject to the UK regulatory regime and is therefore primarily targeted at customers in the UK.
Should you have cause to complain and you are not satisfied with our response to your complaint, you may be able to refer it
to the Financial Ombudsman Service, which can be contacted as follows

The Financial Ombudsman Service, Exchange Tower, London, E14 9SR
www.financial-ombudsman.org.uk

© 2022 Yorkmoneyman

Yorkmoneyman, York Hub, Popeshead Court Offices, Peter Lane, York, YO1 8SU.

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