For expert mortgage advice in Nottingham, choose Premier Mortgage Services. We combine our in-depth knowledge of lending criteria with industry leading mortgage sourcing tools to access thousands of deals from over 100 banks, building societies and specialist mortgage lenders to find the right deal for you.
Whether you're a first time buyer, remortgaging to find a better deal or a buy-to-let investor, get in touch with our mortgage brokers in Nottingham for a free initial telephone consultation today.
In this article
What are the benefits of using a mortgage broker in Nottingham?
All of our mortgage brokers are based in Nottingham, conveniently located just off the M1 and A52 in Stapleford. Your dedicated mortgage advisor in Nottingham will offer unbiased, whole of market mortgage advice comparing products from across the mortgage spectrum taking your individual circumstances into account. We carefully place applications with the lender most likely to grant a Decision in Principle avoiding unneccessary delay and harm to your credit score.
Once you have an Agreement in Principle, your mortgage broker in Nottingham will guide you through the entire process ensuring the application progresses to a smooth completion.
Our dedicated approach has helped thousands of clients buy their first home, move into their next home, remortgage and start and expand their buy to let portfolio since 1992.
What will my mortgage broker in Nottingham do?
Your dedicated mortgage broker in Nottingham will conduct an initial consultation either on the telephone or face-to-face. This consultation is an opportunity to discuss your preferences and any special circumstances you may have. This may include, amongst others:
- Whether you want the certainty of a fixed rate over a variable rate
- The initial period - whether it is a 2, 3, 5 or lifetime rate
- Whether you have any adverse information recorded on your credit file
- If you've recently become employed or self-employed
- If your deposit has come from inheritance or a gifted deposit.
At the end of the consultation, your mortgage advisor will outline the options available to you and will seek a Decision or Approval in Principle on your behalf. Once approved, we will submit a full application requesting the supplementary documents from you and keep you informed of progress every step of the way.
We will also assign a mortgage administrator to correspond with the lender and solicitor on your behalf ensuring your mortgage progresses smoothly to completion.
Can I use my bank instead of a mortgage broker in Nottingham?
You might be tempted to speak to your bank or building society before approaching a mortgage broker. It is worth considering however, that your bank can only recommend products from their own range and not the whole mortgage market. This may at best cost you hundreds, if not thousands of pounds in extra interest during the introductory offer period and at worst, see your application declined if you do not conform to their lending criteria.
It may also be difficult to secure an appointment with your bank outside of normal working hours particularly during the COVID-19 pandemic leading to extended wait times in getting your application agreed risking your sale or purchase falling through in exceptional circumstances. When you approach our mortgage advisors in Nottingham, we can usually arrange a Decision in Principle within 24-48 hours offering the reassurance that you have the finances in place to buy or remortgage your home or property.
What is the property market like in the Nottingham area?
Nottingham, with its excellent road and rail links has a bouyant yet affordable property market. House prices increased 4% to £201,000 between January and December 2020 compared to the national average increase of 5% to £310,000. This makes Nottingham and its suburbs an ideal location to buy a home.