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Manchestermoneyman Single M Home Page

Mortgage Broker
in Manchester

& Surrounding Areas

It's free to speak with a mortgage advisor 7 days a week, 8am - 10pm

0161 7133 215Speak to an Advisor - It's Free!

Mortgage Broker
in Manchester

& Surrounding Areas

It's free to speak with a mortgage advisor 7 days a week, 8am - 10pm

Enquire Online 0161 7133 215 Malcolm Davidson Managing Director of Manchestermoneyman - Mortgage Broker in Manchester
Malcolm and Amy - UK Moneyman Directors

We love helping customers that really need mortgage advice in Manchester - Something our Managing Director, Malcolm Davidson has been doing since 1997.

To speak with a mortgage advisor in Manchester, book your FREE mortgage appointment online.

We love helping customers that really need mortgage advice in Manchester - Something our Managing Director, Malcolm Davidson has been doing since 1997.

Malcolm and Amy - UK Moneyman Directors

About Us

Our Customers Love Us

Reviews Stars4.96 Rating443 Reviews

Mortgage Broker in Manchester
Mortgage Advice in Manchester

Welcome to Manchestermoneyman, your home of trusted, expert mortgage advice in Manchester. With our experienced mortgage advisors in Manchester, we’re here to help you achieve your mortgage goals.

Our team is committed to making the home buying and remortgaging process stress-free and straightforward, providing support from your initial enquiry through to getting the keys to your dream home.

Please take a look at our genuine reviews from satisfied customers and rest assured that we aim to provide the same high level of service to all new and existing customers.

Let us help you in achieving all of your mortgage goals with our expert mortgage advice in Manchester.

What is a mortgage broker in Manchester?

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A mortgage broker in Manchester (also referred to as mortgage advisors in Manchester) will work with the mortgage lender on your behalf so that you can focus on finding your dream home! They offer personalised mortgage advice tailored to your individual situation and will diligently find you a mortgage product that perfectly suits your needs and circumstances.

Throughout your mortgage journey, a mortgage broker in Manchester will serve as a trusted partner, supporting you every step of the way and providing you with expert mortgage advice in Manchester. From finding the perfect mortgage product for your unique circumstances to helping your prepare your mortgage application, we will hold your hand through every step of the process.

We will be right by your side through the whole process so that your mortgage process feels a little less daunting. Having a mortgage broker in Manchester by your side allows you to make informed decisions and confidently secure the most suitable deal for your unique objectives.

Our Story as a Mortgage Broker in Manchester

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Driven by a commitment to delivering exceptional customer service and clear, concise mortgage advice in Manchester, Malcolm took the opportunity in 2009 to build up the brand of Manchestermoneyman, a reputable mortgage broker in Manchester. Today, we continue to thrive as a company, embodying a culture of efficiency, honesty, and professionalism.

Over the years, Manchestermoneyman has experienced remarkable growth, proudly boasting a dedicated team consisting of skilled mortgage advisors in Manchester, alongside apprentices and administrators. Each member works tirelessly to ensure customers receive prompt, reliable support throughout their mortgage journey.

How can a mortgage advisor in Manchester help?

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Opting to use the services of a mortgage advisor in Manchester offers a pathway to a smoother, less stressful mortgage experience. With extensive experience and a comprehensive understanding of lending criteria, a mortgage advisor in Manchester can help to streamline the mortgage application process, helping you to find the most suitable deal for your personal situation.

Rather than selecting the first deal that you find online, a mortgage broker in Manchester is able to search through 1000s of competitive deals that are tailored to your individual needs. They will handle all the communications with the lender on your behalf, helping you through each step of your journey.

For expert mortgage advice in Manchester and a hassle-free mortgage journey, get in touch with Manchestermoneyman today and see how our mortgage advisors in Manchester can help.

Learn More With Our Mortgage Calculators

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Our mortgage calculators provides convenient tools to help customers in estimating their monthly repayments, offering valuable insight for those considering mortgage options. Whilst it serves only as a rough guide, it offers a helpful starting point for understanding how much you can borrow, potential monthly payments and more.

At Manchestermoneyman, our team of experienced mortgage advisors in Manchester and dedicated administrators are available 7 days a week, offering more in-depth insight into the information you might find using our calculators and helping you get started with your mortgage journey.

Are mortgage rates going up in Manchester?

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Existing homeowners and budding home buyers often wonder whether there is a "right time" to get started in the property market. The answer to this question entirely depends upon the current state of the market and it's rates, which is always fluctuating and can vary due to outside factors.

Staying on-top of how the market is going, including changes in mortgage interest rates, government schemes, and other key factors, is definitely recommend. You can stay informed about these developments by exploring our informative “Mortgage Market Update” playlist on YouTube or by getting in touch to speak with a trusted mortgage advisor in Manchester.

Monitor Your Mortgage Free 24/7

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Our mortgage monitor gives you the opportunity to track the real-time value of your home, enabling you to make informed decisions regarding your mortgage. As you make monthly payments, you may become eligible for more favourable deals.

The tool constantly evaluates your remaining balance to determine if better options are available to you. Powered by Dashly, an innovative platform, the mortgage monitor combines your provided information with advanced algorithms and real-time data to make sure you're always on the best deal, completely free of charge.

Monitor Your Mortgage Today!

Should I use a mortgage broker in Manchester or go to my bank?

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Opting for a mortgage directly from a bank or building society can seem cost-effective as it removes the possibility of any broker fees. Moreover, some lenders offer exclusive mortgage products available only through direct channels.

That being said, however, accessing these products can be subject to the lender's discretion, and wait times for appointments at banks or building societies can oftentimes be lengthy.

On the other hand, when looking at the benefits of a mortgage broker in Manchester, they often are able to search through lots of different mortgage deals with a wide variety of mortgage lenders, opening you up to the possibility of being eligible for more deals. As a company, we are able to search 1000s of deals on your behalf.

In addition to this this, we also have a simple and easy to use online booking system that allows you to pick dates and times that work around your schedule. This means no lengthy waits to get in touch with a mortgage advisor in Manchester, you have easy access to mortgage advice in Manchester, including some same day appointments!

Speak to a Mortgage Advisor in Manchester

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With us, you'll always have a dedicated mortgage advisor in Manchester dedicated to prioritising your needs. Your mortgage advisor will address any concerns or queries you have, ensuring you're well-informed throughout the process and beyond.

By staying closely involved, we keep you updated on any changes and promptly request any necessary information to advance your mortgage application. Speaking to a mortgage broker in Manchester allows you to stay proactive in the mortgage process.

Our team of trusted mortgage advisors in Manchester are able to help with arranging your mortgage agreement in principle within 24 hours of your initial appointment, which is something you'll benefit from having when it comes to property negotiations.

Book Online and speak to a trusted mortgage advisor in Manchester today!

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Common Mortgage Questions in Manchester

How does mortgage advice in Manchester work?

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As a dedicated mortgage broker in Manchester, our primary objective is to help you in securing the most suitable mortgage or remortgage deal tailored specifically to your unique circumstances.

The initial step in this process is to arrange a free mortgage appointment with one of our certified mortgage advisors in Manchester. During this appointment, our advisor will conduct a thorough assessment of your financial situation, gathering essential information to inform our search for the optimal mortgage product.

Using our extensive panel of lenders and comprehensive knowledge of mortgage criteria, we carefully search through 1000s of available mortgage options to identify the most appropriate mortgage solution for your needs.

Throughout your mortgage journey, from the initial consultation to the finalisation of the deal, our dedicated team is committed to providing expert guidance and support every step of the way.

When should I obtain my agreement in principle in Manchester?

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Prior to starting on your property search, it is highly recommended to obtain a mortgage agreement in principle (AIP). Your AIP provides you with a general estimate of your borrowing capacity, enabling you to set realistic expectations and avoid considering properties beyond your financial means.

Furthermore, having an AIP can significantly enhance your position as a potential home buyer when making an offer on a property in Manchester.

Sellers and estate agents often view applicants with an AIP as serious and committed buyers, potentially giving you a competitive edge over other buyers who have not secured this documentation.

While an AIP does not guarantee mortgage approval, it serves as a valuable tool in the home buying process, providing clarity and confidence to both buyers and sellers in Manchester.

We're able to get a mortgage agreement in principle for you within 24 hours of your initial appointment. Get in touch and we can get this arranged for you.

Will having an agreement in principle taken out affect my credit score?

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Getting an agreement in principle (AIP) for a mortgage typically involves a soft credit check by most lenders, which has minimal impact on your credit score.

That being said, it is essential to be aware that some lenders may conduct a hard credit check as part of the AIP process, which can leave a visible record on your credit report.

While a single hard credit check is unlikely to significantly impact your credit score, multiple credit inquiries within a short period, such as applying for multiple AIPs with different lenders, could potentially lower your credit score.

Therefore, it is advisable to limit the number of mortgage applications and pursue an AIP only when serious about proceeding with a property purchase in Manchester.

Can I get a second mortgage in Manchester?

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A second mortgage on your home in Manchester can serve various purposes, offering flexibility and financial opportunities.

Whether you intend to consolidate debt, fund home improvements, or invest in additional properties such as holiday homes or buy to lets in Manchester, a second mortgage can provide access to additional funds secured against your property.

By leveraging the equity in your home, you can unlock opportunities for financial growth and diversification, making careful decisions to enhance your overall financial position.

How much deposit do I need for a mortgage in Manchester?

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The amount of deposit required for a mortgage in Manchester typically ranges from a minimum of 5% to higher percentages, especially for individuals with a poor credit history.

While the minimum deposit is acceptable, saving a larger deposit is something that could be recommended as it reduces borrowing and potentially leads to better interest rates.

Various strategies, such as seeking a gifted deposit from family members or utilising government schemes like Help to Buy in Manchester, can help in accumulating the required deposit amount.

By exploring these options and implementing effective savings strategies, you can take proactive steps towards achieving your goals of owning a home in Manchester.

How can I save for a deposit before taking out a mortgage in Manchester?

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Saving for a deposit requires discipline, planning, and strategic budgeting. By setting a budget, minimising unnecessary expenses, and exploring government schemes like Help to Buy or Right to Buy in Manchester, you can accelerate your savings journey and progress towards homeownership.

Additionally, considering high-interest savings accounts or ISAs specifically designed for first time buyers in Manchester can help maximise your savings potential, ensuring you are well-prepared to take the next steps towards purchasing your dream home.

Can I get a mortgage in Manchester with past credit problems?

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Despite past credit challenges, you may still be eligible for a mortgage in Manchester, albeit with potentially higher deposit requirements. By demonstrating financial stability and addressing any credit issues proactively, you can improve your chances of securing a mortgage and achieving your homeownership goals in Manchester.

I'm self employed in Manchester, can I get a mortgage?

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Submitting at least one year's accounts is an important step in the mortgage approval process, providing lenders with essential financial information to assess your eligibility. Lenders typically consider factors such as salary, dividends, or net profit to determine the maximum mortgage amount you can borrow in Manchester.

Can I port my mortgage in Manchester?

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Most mortgages are portable, allowing you to transfer your current mortgage deal to a new property in Manchester. However, there are specific lending criteria to meet when porting a mortgage, and changes in your financial circumstances since taking out the mortgage could impact the process.

Whether you are purchasing a more expensive or cheaper property, it's essential to review the terms and conditions of your original mortgage in Manchester and consider any potential implications, such as early redemption charges or adjustments to loan terms.

Is it possible to get a mortgage in Manchester with a low credit score?

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Obtaining a mortgage with a lower credit score is feasible in certain circumstances, but eligibility varies depending on individual situations. While some applicants may qualify for a mortgage in Manchester with a lower credit score, others may face challenges in securing approval.

Speaking with a mortgage advisor in Manchester to assess your eligibility and explore available options based on your unique circumstances can provide clarity and guidance, helping you make informed decisions regarding your mortgage application.

What information do I need to provide to a mortgage broker in Manchester?

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In our initial discussion, we'll cover fundamental details like your income, employment status, and your objectives in securing a mortgage. Your dedicated mortgage broker in Manchester will address any queries you have and offer an initial estimate of how much you could borrow and the associated costs involved.

Moving forward with your application will involve a more comprehensive 'know your customer' fact-find conducted by your mortgage broker in Manchester. This process entails gathering information such as your address history, employment particulars, family circumstances, and your plans for the new property.

Alongside this, you'll need to provide essential documents like identification, three months' worth of bank statements, and proof of earnings. Additionally, a credit check with a mortgage lender will be part of the application procedure.

How long does the mortgage application process take in Manchester?

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The timeline for processing a mortgage application can vary based on several factors. Typically, it takes several weeks to complete.

Elements such as the type of property, your credit history, and the efficiency of document submission can influence this timeframe. Collaborating closely with your mortgage advisor in Manchester and being prepared for potential delays can help manage expectations during this process.

Why should I use a mortgage broker in Manchester?

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Opting to work with a mortgage broker in Manchester can save you time and reduce your stress. With access to 1000s of deals, exclusive deals, and multiple lenders, experienced mortgage advisors in Manchester like us can compare various options to ensure you secure the most favourable deal available.

Unlike approaching a single bank, where you're limited to only their products, our comprehensive approach enables us to tailor solutions that best suit your needs.

Do I have to agree to your mortgage recommendation?

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Rest assured, the decision to accept our recommendation is entirely yours. Should you wish to explore other mortgage options, we're more than willing to accommodate your preferences.

It's important to note that if you choose not to proceed, you won't incur any mortgage broker fees as this is only applicable upon successful mortgage completion.

How can I obtain a copy of my credit report in Manchester?

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When it comes to checking your credit report, there are various credit reference agencies available, such as Experian and Equifax. That being said, we recommend CheckMyFile for its comprehensive overview, consolidating information from multiple agencies.

With a free 30-day trial and a subsequent monthly fee of £14.99, you can cancel anytime. By using the provided link, you'll receive a free instant PDF download of your credit report.

Try it FREE for 30 days, then £14.99 a month – cancel online anytime.

Mortgage Guides

Manchestermoneyman.com & Manchestermoneyman 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, Manchester, 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

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