Mortgage Assistant Manchester

We are Trustworthy, Reliable, Honest, Upfront

Are you looking for an expert advisor to help you make sense of all the mortgage options out there?! 

Then let us help you. 

We want to make your life easier. That’s why whether you’re looking to buy your first home or you’re considering re-mortgaging, our panel of FCA-regulated, independent mortgage brokers in Manchester can help. 

Scouring the entire market, not just working with certain lenders, our brokers find the best deals for you. 

ortgage Brokers Manchester 

Local to the vicinity and knowledgeable about the area, finding and using a Manchester mortgage broker can offer you confidence and peace of mind that your mortgage application is in good hands. 

Our independent advisors are all FCA regulated, our matching service is FREE, and with access to the entire mortgage market, you can rest assured that you get to see the best deals out there. 

You’re only three steps away from securing the best deal for you: 

  1. Tell the team at Mortgage Assistant a bit of what you’re looking for. 
  2. We can then use this information to find a mortgage broker in Manchester who is independent and FCA regulated. 
  3. We’ll speak with both parties and organise a free call to decide if you would like to continue.
Symbol of the house and stick the key in the keyhole

Benefits of using Mortgage Assistant? 

  • We help to make the mortgage experience a lot less complicated. 
  • We can play an active role in helping to build strong buy-to-let portfolios. 
  • We explain all options and all possible outcomes, so you have all the information you need to make the most informed decision. 

Let us help you locate the best mortgage advisor in Manchester for you. 

Why work with Mortgage Assistants? 

We help ensure that you receive tailored one-to-one advice that suits your financial and house buying circumstances with specialist mortgage advisors on hand to provide you with an in-depth insight into the market and, ultimately, the most beneficial options for you. 

Why use a mortgage advisor at all? 

This is a question the team at Mortgage Assistant get asked a lot, and one, we’re only too happy to answer. 

A professional and experienced mortgage advisor is a fountain of information. They understand the terminology used, the latest mortgage products hitting the market, and they use their experience in similar situations to advise you on the best outcome. 

Using their local knowledge, a mortgage broker through Mortgage Assistant can help to save you considerable time and fees. 

However, so many people choose to use a mortgage advisor because it can increase their chances of securing a mortgage. 

Get started by using our Find an Advisor tool today. 

Getting the right product for you 

Your chosen independent mortgage advisor will delve deep into all mortgage deals and products currently available, comparing these with each other and matching them to your financial circumstances. 

There are various factors to take into account when finding the best deal for you. These include: 

How long you want to be paying your mortgage. (The average term of a mortgage currently in the UK is 25 years. Of course, you have the choice of shortening this term by increasing your monthly payments or, indeed, lengthening the term in order to reduce your monthly payment). 

What type of mortgage product best suits your current situation? For example, is knowing exactly how much you will be paying each month more beneficial to you, so a fixed rate product would be ideal? Or would you prefer a variable mortgage rate which is often a discounted rate because interest rates are set to remain low? 

How long do you want this particular mortgage deal to last? Most terms are either 2 or 5 years (however, please note, more and more products with varied terms are now coming to market to support a range of buyer’s circumstances). Ideally, it’s recommended that property owners avoid the lender’s standard variable rate (SVR) wherever possible, as often this will be the most expensive mortgage rate you will pay. 

Get started with Mortgage Assistant’s today. 

What your Manchester mortgage broker will do for you 

  • Compare all the best Manchester mortgages. 
  • Consider the best and right deal for your situation. 
  • Consider all costs and fees associated with switching to a new deal. 
  • Check that your current mortgage product does not tie you to a lender’s SVR (standard variable rate) at the end of the product’s term. 

For mortgage advisors in Manchester

How you can help 

Yes, we do, do a lot of the heavy lifting, the paperwork, and the time-consuming parts of the process. 

However, to help your independent mortgage advisor secure the best deal for you, it would be great if you could: 

  • Have the last three months’ wage slips for yourself and anyone who will also be applying for the mortgage application. 
  • Show proof of deposit. (Note: The bigger the deposit you place against a property, the better mortgage deal you are sometimes likely to secure). 
  • Proof of disposable income. 
  • Credit history check (your credit reference report can be obtained free of charge from any of the three main agencies: Equifax, Experian, and TransUnion). 
  • Do you have proof that you’re expecting a pay increase/promotion that could positively affect your circumstances? 
  • Is the amount you’re looking to borrow within your financial means? (We have a tool to find an advisor if you would like to check this information.) 

 All of this information and more is used by your chosen mortgage advisor to help compare mortgage deals and paint you in the best light when applying to the chosen lender. 

Areas to consider 

When taking on a mortgage for the first time, or if you’re looking to purchase more property, remortgage, etc., there are various factors to consider that will affect and impact your circumstances. 

These include: 

Affordability – your mortgage broker will consider your circumstances and all the information you have provided and present you with the best mortgages Manchester has to offer. Taking into account all affordability criteria and other costs such as: 

Conveyancing costs – legal costs associated with buying a property. Depending on your solicitor will depend on the final fee you pay. Speak with your independent advisor, who may be able to access these services at more competitive prices, providing you with considerable savings. 

Stamp Duty – land tax is chargeable by HMRC on the purchase of all property. It’s an important cost that must be factored into your mortgage application process (especially if there is a chance it can affect deposits). 

Life Insurance – with most mortgage products, it is compulsory for you to also have life insurance, so that if one of the mortgage holders dies, you can pay off the mortgage in full using the insurance. Your mortgage advisor will explain this to you in more detail and provide you with relevant cover as part of their overall assessment for suitability. 

Building and Contents Insurance – lenders insist that property owners insure their homes. Covering the cost of any damage or, in worst-case scenarios, complete destruction. It’s important to note: You don’t have to choose the lender’s insurance policy; however, the policy you do choose must be approved by the lender. 

Survey Costs – surveys are a big element of buying a property, and depending on the type of property you’re looking to purchase will depend on the type of survey you will require and hence the costs involved. From straightforward condition reports to a complete in-depth building survey, your mortgage advisor will be best placed to guide you through the process. 

Find a mortgage broker in Manchester today. 

Timeline to buying your home 

The question that every property owner really wants to know, “how long does the whole process take?”. 

Mortgage brokers in Manchester will often give the time frame of three to six months from start to finish. Of course, the process is different for everyone, and everyone’s situation is different; however, as a general overview, the process starts with: 

Preparation – gathering all the information beforehand and obtaining a Decision in Principle on your application can typically be received within 24 hours. 

From here, you can then get on with the exciting task of finding your new home! 

Once found, the conveyancing process will be carried out, taking up to three months, depending on the solicitors involved. 

After this, the exchange of contracts takes place with completion dates agreed on in advance. 

Finally, you have the keys to your dream home, and you’re safe in the knowledge that your mortgage requirements are all taken care of. 

Find out more about mortgages in Manchester and the best deals available today. 

Want to find an advisor?