Manchester Mortgage Broker

We are a Manchester Mortgage Broker and we offer free initial advice consultations.

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Manchester Mortgage Broker – A Local Touch

Simple Fast Mortgage are a Manchester Mortgage Broker. Manchester is a city that is fast becoming one of the most popular places to live in the country. It offers residents access to work opportunities, a host of amenities, and national venues for art, music and sport. 

Manchester Mortgage Broker

Simple Fast Mortgage is a trusted mortgage broker with vast expertise in helping people looking to finance property purchases. We offer help with mortgages for landlords, home movers, businesses, and first time buyers. And we help source mortgages for professionals such as teachers, doctors, vets, dentists, barristers, actuaries, and solicitors. We also offer We also offer special services for NHS workers and armed forces personnel right here in Manchester. 

We’re trusted throughout the city for our knowledge, insight, and ability to match buyers with the perfect products. 

Although Manchester is their home city, Simple Fast Mortgage offer advice nationwide. Simple Fast Mortgage offer advice remotely over the telephone, via video call and email. Contact Us to find out more.

Who Are Mortgages For?

Mortgages are essential for anyone who wants to buy a home but doesn’t have the cash to pay for it in full. Lenders provide the extra funds needed to purchase a property in return for future repayments plus interest. 

Mortgages are suitable for a broad swathe of people who wish to own a property. Correspondingly, this includes first time buyers and those already on the property ladder. Mortgages are also used to refinance homes perhaps to release extra cash. 

You can use a Manchester Mortgage Broker to find a specific type of mortgage. This could be depending on where you live, where you work, or other personal circumstances. Professionals, such as doctors, police officers, solicitors, barristers, actuaries, teachers and accountants can access specialist products. Equally this is true for NHS workers and armed forces personnel.

How Do You Arrange a Mortgage? 

You can arrange a mortgage by either going directly to lenders or by using a local Manchester Mortgage Broker. When you choose a broker, you access their substantial expertise and market knowledge. This will often save you time and money. Many lenders acceptance criteria is complex. Applying for a mortgage without understanding this in full can often lead to a declined mortgage application.

As a Manchester Mortgage Broker, we have arranged many mortgages for people in the local area. Thus, we can provide you with advice on how much you can borrow and how much that will cost each month.

We also have a network of professional connections, such as solicitors and estate agents. Our network becomes your network and this smooths the mortgage process. 

How Does a Manchester Mortgage Broker Work?

As a Manchester Mortgage Broker we will work with you by asking questions to understand your personal circumstances. Your income streams, current debt levels and financial commitments are key.  Your credit history is also important to find the right mortgage lender to suit your needs and circumstances.

When discussing with your Manchester Mortgage Broker, you should have available any relevant supporting documentation. Proof of identity, proof of address, proof of income, and recent bank statements are all relevant. We will use these documents to support your application with a mortgage lender.

If you are self-employed or freelance we will ask for tax returns. Lenders use tax returns to calculate how steady your income is year on year. The less volatile your income, the more likely you are to make repayments on time. Hence the less risk you pose to the mortgage lender. 

Having all these documents available from the start can help prevent delays and get you the most suitable mortgage fast

Credit Report

We will always assist you to get a Credit Report from a credit reference agency prior to completing a mortgage application. The Credit Report contains information the lender will check when we submit a mortgage application. The report is an important part of the lender’s mortgage underwriting assessment. Therefore, we want to see what the lender will see. This helps to assess the likelihood of your mortgage application being accepted in advance of submitting a application form. 

You should not incur a cost for a Credit Report as you can access a 30 day free trial and subsequently cancel the subscription once you have downloaded it. You can obtain a Credit Report now by using this link: Check My File. Check My File is our preferred provider as they provide comprehensive information from different credit reference agencies. This information can often differ and saves you checking each one individually.

Exceptional Service

A Manchester Mortgage Broker has access to exclusive products and lenders that you as an individual applicant cannot apply for directly.  You can only apply for mortgages available through high street lenders. Therefore, their offer extends to more specialist lenders who cater for more specific individual circumstances.

In addition we complete all the application paperwork on your behalf. A  Manchester Mortgage Broker has extensive experience doing this which reduces the effort required on your part and the risk of costly mistakes.

We also liaise with your solicitor, estate agent, developer or other contact. We ensure everyone is kept fully up-to-date throughout the mortgage process. Contact Us to arrange an appointment.

Manchester Mortgage Broker

What Mortgage Services Does a Manchester Mortgage Broker Offer?

Simple Fast Mortgage offer a host of services designed to assist property buyers. Our usual service is what is called ‘Advice & Recommendation’. This means we will fully assess your circumstances and recommend the best mortgage product for you. We will also explain why we believe this is the best mortgage product and provide you with sufficient information and guidance so you are able to make an informed decision. We do not charge a fee to do this.

First Time Buyer

First Time Buyer Mortgages are a special product for those buying their first property to get on the housing ladder. Typically deposits are lower on First Time Buyer Mortgages and there are often incentives such as free legal fees, free valuations, or cashback on mortgage completion. 

The definition of a first time buyer can change from one lender to another. For example some define this as never owning a property or land, while others have a specific time-frame. It is important to work with a broker who fully understands lender criteria

We will prepare an Agreement in Principle sometimes known as Decision in Principle so potential sellers and estate agents know you have been financially vetted and are serious about purchasing. 

First time buyers also have access to government backed schemes such as Help to Buy and Shared Ownership which help you get on to the property ladder more quickly, with a smaller deposit, and lower initial mortgage repayment. It is important to consider if these schemes are right for you. We can guide you through this process from the start right through to completing the purchase. 

Remortgaging

Those who have built up equity can access it by remortgaging their homes. Mortgage brokers can show you your options for releasing cash from your property, switching to a lower rate deal or moving home. 

Of course you can simply approach your existing lender for a remortgage. However you should consider the mortgages available from alternative lenders as these could be much more competitive. A good mortgage broker will compare what is available from your current mortgage lender to what is available from alternative mortgage lenders. This is to get you the cheapest overall deal. Ask us to do this for you.

Mortgage Protection Insurance

Mortgage brokers can show you mortgage protection and insurance options. You will receive advice and access to a range of products that provide financial support to you and your family in times of need.

This could be from providing a lump sum to go towards paying off the mortgage in the event of death or critical illness. Or could be to providing a proportion of your income to cover the mortgage and essential payments if you are unable to work due to long-term illness or injury.

Buy-To-Let Mortgages

Lending rules differ for landlords taking mortgages to rent properties out to tenants. 

The mortgage products available to you will differ depending on whether you are an intentional landlord or not.  An intentional landlord is where you have purchased a property with the sole intention to rent it out. An accidental landlord is where you have inherited a property or may have moved home without selling. 

Lender’s affordability assessments for Buy to Let mortgages differ from normal affordability assessments. Buy to Let affordability assessments are generally based on a percentage of the rental income compared to the amount of mortgage repayment. Again, our mortgage brokers can show you your options and negotiate on your behalf with mortgage lenders. Contact Us.

Specialist Mortgages

Specialist mortgages are for people working in particular professions and may offer financial advantages. Mortgage lenders are often prepared to offer preferential mortgages to those with a professional career path. For example,doctors, accounts, solicitors, dentists and barristers. 

Specialist mortgages can also benefit people who have particularly complex or unique circumstances. Such as ex pats or non-UK nationals, the self-employed or limited companies.

Manchester Mortgage Broker

Local Manchester Mortgage Broker

In summary local Manchester mortgage advisors can provide you with fast and simple mortgage advice when taking out a mortgage. They answer all your questions and help you find suitable financial products with less stress. 

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