Your frequently asked questions, answered

Buying a new home and having to get a mortgage can be confusing and we get asked a lot of questions. So we’ve come up with answers to some of the most Frequently Asked Questions here Blackledge Mortgages.

What’s the benefit of using a mortgage adviser?

A mortgage advisor has access to wide range of mortgage products offered by multiple lenders. Using a mortgage broker takes the leg work out of looking for a mortgage and we’ll search and compare the different deals available to you. We’re fully qualified to give you financial advice and have contacts at an number of banks and building societies meaning your application will be process smoothly and efficiently. We can also help with other financial decisions associated with moving home such as finding a life insurance policy or buildings insurance.

In general, the process can take between 6-12 weeks. However, this estimate is really very dependent on your circumstances, for example, if you have a house to sell, if you are buying house that is part of a chain, or if you are buying a new build.

When you meet with us for the first time, you will be asked to bring along your last three months pay slips or your last three years SA302 forms if you are self-employed.

When you have a property or purchase price in mind, you can get an Agreement in Principle to show how much we could lend you. An Agreement in Principle doesn’t affect your credit score or credit file as we use a soft credit check.

With the Government’s Help to Buy scheme, your first home could be closer than you think as it offers an Equity Loan of up to 20% of the property value.

If you can afford mortgage repayments but are struggling to save up the deposit you need, Help to Buy could also provide a boost to your savings. This is something we can advise on.

You’ll need at least 5-10% of the overall price to put down as a deposit. The bigger your deposit, the smaller your mortgage and the less interest you’ll pay in the long term. A larger deposit could also help you get a better mortgage deal.

In a word: yes. It’s slightly more fiddly than if you’re a full-time employee of a company but with nearly 15% of the UK’s workforce now self-employed, if you can prove solid earnings and a decent income history, you should be able to access the same rates and deals as salaried employees. Again, this is something we at Blackledge Mortgages can help you with.

Our Clients Say

“From our first meeting with Katie we knew we had made the right decision to come to her directly. She helped us to realise that anyone can get a mortgage if you look in the right places and have the right support. We began the process immediately and within 3 months of our first meeting we were picking up the keys to our first home.”

“We will be forever grateful for the help and support that we received from Katie and cannot recommend her enough to anyone looking for mortgage services in the future.”

Our Core Values

We pride ourselves on giving the very best advice to help our clients achieve their dreams. Our approach is not ‘one size fits all’, we really do work around your individual circumstances to get the best possible outcomes.

Great Services

Highest Standards

Professional Team

Creative Solutions

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