Mortgage Broker in Cheltenham | Bristolmoneyman

Mortgage Advice in Cheltenham

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First Time Buyer

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Moving Home

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Right to Buy

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Our team can search 1000s of mortgage deals in Cheltenham, trying to find the best one for your personal and financial situation.

Get in touch with our team today to book yourself in for a FREE mortgage appointment online or give us call on 0117 440 4704.

Book Online

Get in touch with our team today to book yourself in for a FREE mortgage appointment online or give us call on 0117 440 4704.

Malcoms Image

Our team can search 1000s of mortgage deals in Cheltenham, trying to find the best one for your personal and financial situation.

Book Online

Mortgage advice
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First Time Buyer

Remortgage

Moving Home

Buy to Let

Right to Buy

Self Employed

Help to Buy

Specialist

Reviews Stars5.00 Rating3 Reviews

Fast & Friendly Mortgage Advice in Cheltenham

Welcome to Bristolmoneyman – Mortgage Broker, home of mortgage advice in Cheltenham and surrounding areas. As a mortgage broker in Cheltenham with over 20 years and counting of mortgage experience, we have helped a wide variety of customers provide the help and support we need through their mortgage journey, saving both their time and their money.

 

As you undertake your mortgage journey, no matter what that entails, you can often feel nervous, stressed and a whole range of emotions all throughout. Our team of dedicated case managers and mortgage advisors in Cheltenham are here to ease your emotions and guide you through the process of your new financial commitment. You’ll be in safe hands, every step of the way.

 

If you feel your situation is a little bit complicated, worry not as our years of experience has allowed us to help all kinds of customers with their mortgage situations. With this in mind, we may well have encountered a very similar situation to yours in the past. We are here to guide you through the process and over any hurdles in the way, as prepare for your mortgage application.

 

Your Mortgage Options in Cheltenham

Below are the most popular types of mortgages that we come across when speaking to customers in Cheltenham:

 

First Time Buyer Mortgages in Cheltenham

Perhaps you are a first time buyer in Cheltenham, ready to get started on one of the biggest financial commitments you will ever make in your life, needing some guidance on the steps to take. From your first appointment, all the way through to obtaining your keys, our team will make sure you are constantly updated on what’s going on whilst keeping technical jargon as infrequent as possible.

 

If you are looking for someone to help you on the way to obtaining a mortgage, simply book your free mortgage appointment by utilising our online booking form, or get in touch with a dedicated mortgage advisor in Cheltenham, ahead of your first time buyer mortgage journey.

 

When you contact a member of our expert team, we will ask you a selection of tailored questions to get a general idea of your financial history. From this, your mortgage advisor will carry out an affordability assessment to see which mortgage products may be available to you, as well as help you obtain an Agreement in Principle for you within 24 hours of your initial appointment.

 

If you are struggling to save up for the initial deposit on your mortgage, it may be worth looking at using the Help to Buy scheme. Introduced by the government, there are many schemes designed to help prospective first time buyers in Cheltenham in taking their first steps onto the property ladder, such as the Help to Buy Equity Loan, Shared Ownership or Lifetime ISA.

Moving Home Mortgages in Cheltenham

When you are ready to move home in Cheltenham and are looking to obtain a mortgage, you will find that the process is familiar, as you will of course have taken out a mortgage in the past. Even still, new challenges will be present, as you are not only buying, but also selling this time as well.

 

Having to manage one process can be stressful, without the juggling act of dealing with two at the same time. A trusted mortgage broker in Cheltenham will be able to step in and help you handle your mortgage processes.

 

There are lots of reasons as to why people look to move home, such as needing a bigger property. If you are in a situation like this, get in touch with a member of our team. We will discuss your affordability and help you to budget for the journey ahead.

 

Buy to Let Mortgages in Cheltenham

Throughout our over two decades and counting in the mortgage industry, we have built strong, long-lasting relationships with many buy to let landlords. Our team are on standby, ready to help you out, whether you’re doing this as a first time buyer, first time landlord, or you’re experienced, with a portfolio already.

 

There are a lot of different buy to let mortgage options out there like a HMO, holiday let, let to buy and much more! Your dedicated mortgage advisor in Cheltenham will be able to run through all of your buy to let options with you, during your free mortgage appointment.

 

Remortgaging in Cheltenham

A remortgage occurs when you are nearing the end of your introductory mortgage period. The process involves moving across onto another mortgage product, as a means of preventing you from falling onto your lender’s standard variable rate of interest. We are able to help our customers to search the market for competitive rates and mortgage products.

 

As well as finding a better mortgage deal, many people will remortgage for different reasons such as to release equity, for any much needed home improvements or to consolidate debt into their mortgage, making their finances more manageable.

 

You should always seek professional mortgage advice prior to securing any debts against your home.

 

If you are a self employed mortgage applicant, your process will be no different, with the exception of evidencing income. You’ll need to provide the necessary documents to your mortgage advisor in Cheltenham would advise you to provide.

Why Bristolmoneyman? – Your Mortgage Broker in Cheltenham

The difference between going directly to a bank and speaking with an experienced and professional mortgage broker in Cheltenham, is that a mortgage broker (such as ourselves) will have access to a vast panel of mortgage lenders, being able to search for suitable deals from various sources, as opposed to just the one source.

 

Additionally, a mortgage broker in Cheltenham provides a much more responsive service, making sure you are not left waiting for any answers! We are here 7 days a week, from early until late, with bookable appointments at time slots that suit you, subject to availability.

 

We pride ourselves on being able to provide a simple and stress-free experience to all customers who get in touch. Furthermore, we always make sure to go the extra mile for every person who contacts us. Please feel free to take a look at our amazing reviews for more information on our high quality service levels.

 

Our Simple 4-Step Process

Select your preferred date and time by going along with our online booking process.

 

You will receive a dedicated mortgage advisor in Cheltenham who will take some additional information from you and assess your affordability. In addition to this, they will obtain for you an Agreement in Principle which can typically be done within 24 hours of your free mortgage appointment.

 

Your mortgage advisor will then be able to find you the most suitable mortgage product for your circumstances. When you are happy to proceed, the next step is your mortgage application.

 

If everything is correct on that front, we will then submit your mortgage application to the mortgage lender. It’s as simple as that!

 

Have you been declined by your bank?

For any reason if you have been declined by your bank and are in need of help from an expert mortgage broker in Cheltenham, our team may be able to help! We would recommend that you avoid applying with multiple mortgage lenders, especially if you are being declined, as this can have an adverse effect on your credit score.

 

Our trusted team will do their best to help you find out why the bank may have declined you, though they won’t always inform you of such. Common reasons for being declined usually include having poor credit, a fault being present in your application, affordability issues or something different. It’s best that you look to improve your credit, to avoid any future concerns.

 

Getting a mortgage is not always right for everyone, but if it is, we will work hard to find you the most practicable deal for your circumstances. As a mortgage broker in Cheltenham, we always provide an open and honest service to each and every customer who gets in touch with us.

 

This means that if there is not an appropriate deal for you right now or you cannot obtain a mortgage, our mortgage advisors will be transparent and inform you of such. Despite this, we will still give you helpful information on how to improve your application for the future.

How do I transact with my Mortgage Broker in Cheltenham?

You’ll benefit from a free initial mortgage appointment with one of our experts. Out of hours mortgage advice isn’t a problem, we have dedicated mortgage advisors working until late to take your mortgage enquiries. Give us a call, we could help you!

Why shouldn’t I go to my bank for Mortgage Advice in Cheltenham?

The banks’ mortgage advisors are only able to offer products from one lender – Themselves. Their mortgage advisors can also be rather hard to get an appointment with, so if you’re actively looking at properties or are ready to offer this can be very frustrating. Seeking advice from a professional mortgage broker can also work in your favour, as we can compare deals. We have a large number of mortgage lenders on panel, some with very specialist mortgage products available. Worry not, we have a lot of experience and knowledge in providing mortgage advice to customers with a variety of situations.

My bank turned me down – Will a Mortgage Advisor in Cheltenham be able to get me a mortgage?

Quite often, customers that contact us for mortgage advice in Cheltenham have been turned away by their bank for reasons such as income types, credit score, property type and the bank won’t lend enough. More often than not, we have the ability to help with this.

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

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Common mortgage questions

Typically, our free consultation will last up to an hour or so. Our team can turn around an agreement in principle within 24 hours of speaking to an advisor. A formal mortgage offer can take around three weeks on average.

It’s typically three payslips for an employee to prove their income and the latest 2 years’ accounts for a Self Employed applicant. You will also need to provide the lender with proof of ID, address, and 3 months’ bank statements.

Once you have submitted a minimum one year’s accounts, you can get a mortgage. Most Lenders use your salary plus dividend to calculate the maximum mortgage, whereas some other lenders are known to go off your net profit.

Even if you have had credit problems, you may still be able to get a mortgage, though you may be required to put down a higher deposit than you otherwise would’ve, often 15% of the property purchase price.

The minimum deposit for buying a house in Bristol with High Street Lenders is around 5%. This can be higher if you have had previous credit problems.

You may find that it is possible to get a second mortgage on your home for things like debt consolidation or Home Improvements. If you are looking to take out a mortgage on a second property, either to use it for yourself, a family member, a holiday home, or a Buy to Let, this may also be possible.

An Agreement in Principle will usually last between 30 and 90 days, depending on the lender you go with. If your Agreement in Principle expires, you can always have it refreshed.

To avoid being disappointed if an offer falls through, we recommend that home buyers obtain an Agreement in Principle before you begin viewing properties in Bristol. At the very latest you should obtain an AIP prior to making an offer to assist your bargaining position with a seller.

As a trusted and hard-working mortgage broker in Bristol, we will carry out a Fact Find to establish your personal needs before we recommend the most suitable mortgage for your situation. A credit check will be required for an Agreement in Principle. Once you have given the lender all the relevant documentation and a valuation of the property has been completed, a formal mortgage offer can be issued.

Your free mortgage consultation with a trusted member of our mortgage advice team in Bristol will last around one hour. From there, your advisor will then recommend a mortgage for you with no obligation for you to proceed and you can decide whether you wish to take it or step back.

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Bristolmoneyman.com & Bristolmoneyman 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 Bristolmoneyman

Bristolmoneyman, St. Brandon's House, 29 Great George St, Bristol, BS1 5QT.

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