Mortgage and Protection Advisors in Nottingham

Experienced mortgage brokers work with mortgage lenders day in and day out. This means using an expert mortgage broker like ourselves really can be invaluable in helping you find the best mortgage product without the stress and wasted time going back and forth with lenders. Handling everything from searching for a mortgage deal to applying and communicating with the lender on your behalf. Our brokers will also know which lenders are likely to accept your application, helping you to steer clear of applications that may not be accepted (which can have a negative impact on your future applications) and advise on how to improve your application.

To get a rough idea of how much you might be able to borrow, you can use our borrowing calculator. We calculate this based on a simple income multiple, but, in reality, it’s much more complex, and is always best to speak to one of our brokers. After getting to know you, we will be able to give you an accurate idea of your borrowing potential, based on your own circumstances. Mortgage lenders calculate how much they’ll lend based on both your income and your outgoings among other factors, so the calculator provides useful guidance but should be seen as a rule-of-thumb result only.

Each mortgage lender has their own set of lending criteria that decides whether or not your application will be accepted. Many factors are taken into consideration including, how much you want to borrow, what type of property you’re looking to buy, your credit rating, and your affordability. If you want to know whether you can get a mortgage or what you need to do to get on the property ladder, it is always best to speak to our brokers early on. That way we can advise you on what options may be available or what you can do to improve your position for your application.

There are a few things that can affect how long a mortgage application takes, like which lender you’re applying with, what information they’ve asked you for, and how complex your situation is. But generally speaking, once you’ve submitted an application, it can take between 4-6 weeks for the lender to approve. This can take longer if you’re going it alone. Having an experienced mortgage broker by your side can help ensure your application and paperwork is all in hand, to prevent any unnecessary delays.

Yes, there are specific lenders not available on the high street, that are designed to help first time buyers with bad credit. If you are worried that bad credit might affect your ability to get on the property ladder, then speak to one of our advisors who will be able to help you understand how to improve your credit score and source specific lenders that can help you get on the property ladder.