100% Fee Free
Mortgage Broker Manchester
A mortgage broker in Manchester who will help you get the right mortgage deal available and won’t charge a fee for the services.
- UK house prices rose for the third month in a row in November, lifting 0.2% to an average of £258,557 compared to the previous month, according to the Nationwide House Price Index.1st December 2023
- Nationwide cuts switcher and additional borrowing rates by up to 0.31%30th November 2023
- Barclays has made a second round of residential rate cuts in a week, which sees five-year fixed-rate deals reduced by 39 basis points to 4.39%30th November 2023
- Average UK five-year fixes hover just above 5%29th November 2023
- Santander are reducing selected residential and buy-to-let fixed rates for its new business and product transfer range.28th November 2023
- The Office for Budget Responsibility (OBR) has indicated the government’s Autumn statement, delivered today by Chancellor Jeremy Hunt, will continue to cut inflation and fall gradually to below the two per cent target by 2025.23rd November 2023
Fee free mortgage advice means a whole lot more for a whole lot less
Search Mortgage Solutions, is a Mortgage Broker in Manchester who operates on a fee free basis. We have access to the whole of market for mortgages and because we don’t charge a fee, this can mean a savings for you of hundreds of pounds.
We are a well established Manchester Mortgage broker and have made our name as a leading provider of expert mortgage advice throughout Greater Manchester and the North West. For over 13 years, we have helped our clients throughout the highs and the lows of the property market giving expert mortgage advice to suit all circumstances. We have developed excellent relationships with mortgage lenders, some of which do not appear on the high street, thus ensuring that all our clients are given the most appropriate mortgage advice possible. Caring for Clients through Careful Mortgage Advice.
100% Fee free
We give you a whole lot
more for a whole lot less.
We have access to the whole of market for mortgages
and because we don’t charge a fee, this can mean a savings for you of hundreds of pounds.
Contact us today. 8am – 10pm
7 days a week
0800 756 7794
Hello, is this a good time?
We know life can get hectic. That’s why our mortgage
broker is available for fee free advice over the phone
from 8am until 10pm, 7 days per week.
Our commitment, enthusiasm, and success in providing mortgage advice for ‘whole of market’ for clients needing first time buyer, remortgage, home mover and specialist buy to let mortgage advice in the current difficult market has resulted in us becoming a Manchester mortgage adviser to many estate agents, builders and developers, so they can obtain the right mortgage deals for their clients. We provide mortgage advice to clients across the UK, but work mainly in North West England including Manchester, Liverpool, Lancashire, Cheshire and Merseyside.Get a Mortgage
Fee Free Mortgage Advice Manchester
Are you looking to buy your first home and take your first steps onto the property ladder? Maybe you’re already a home owner and are looking to move up and buy something a little bigger which is perfect for starting a family in? Whatever your situation, if you’re looking to secure a mortgage, Search Mortgage Solutions, a Manchester no-fee mortgage broker is here to help. On the other hand, perhaps you’re looking to remortgage your home and are looking for expert advice on the most suitable deals and the right way to proceed. Whatever your needs, if you’re looking for a mortgage, we’re here to help. Unlike many mortgage brokers, we will never charge a fee for our services. We believe that everyone should be able to receive expert advice and guidance and that, whatever your position, your deposit shouldn’t be compromised.
We strongly advise you not to try to arrange your mortgage solely on the internet unless you are well skilled in this particular area. It is a complicated business and it will always pay you to consult and meet with a professional mortgage specialist. Unlike banks and building societies, here at Search Mortgage Solutions, we have access to the whole of market for mortgages and can search on your behalf to ensure that you get the most suitable mortgage to fit your specific needs according to your personal circumstances. We welcome you to give us a call today to discuss your needs and requirements and let our expert Manchester mortgage broker find you the right deal.
Managing your own personal finances is very difficult especially if you don’t have the time or if it’s not your area of expertise. Repaying a loan can be challenging enough but when considering the various financial options available in the UK, this process becomes even more complicated and may well require professional guidance before making any decisions. We specialise in helping people like you to understand their current financial position and work out how they can make the most suitable arrangements for themselves depending on their unique situation.
Mortgage Advice Manchester
Search Mortgage Solutions arrange mortgages and release capital for customers in a hassle free, open and honest manner. We have over 13 years experience and we are fully aware of what is needed to meet the high expectations of our customers when searching for Mortgages.
The Mortgage Market refers to all of the different types of mortgage providers and brokers available. When choosing a Mortgage Broker you want to ensure that they work with various Mortgage Providers, not just one Mortgage Provider. This ensures that you have a wider choice of Mortgage Deals available.
At Search Mortgage Solutions we work with a whole range of Mortgage Providers who operate in various locations across the UK. With access to such a wide variety of Mortgage Providers we can provide our clients with the most suitable rates on the market as well as saving them money compared with using high street banks as their lender.
Aaron was fantastic. We had a few highs and lows in our house buying process and he guided us through the issues expertly and was always on hand to answer our queries or calm our nerves! He went the extra mile for us and we really appreciate it. Thanks Aaron!.Liz Lawson
I found Aaron at Search Mortgage Solutions extremely helpful and a necessity in sourcing a remortgage and new mortgage. I find all of the legal vocabulary very confusing, so having Aaron break it all down for me and go through the different options made it manageable. Quick, efficient and easy. I would highly recommend this company..Cathy
I cannot recommend David and Search Mortgage Solutions highly enough, the service was exceptional throughout the whole mortgage process. I work away a lot and found it difficult to arrange an appointment with lenders, but David came to see us on a Sunday night to go through the initial application and always had time to answer any subsequent queries and keep us up to date. I felt confident that the whole team were giving us the very best service they could, and they could be relied upon to chase the application on our behalf and to deal with queries from the lender to take as much hassle away from us as possible. I would recommend to all of my friends and colleagues, and we’ll be back in 3 years for the renewal!.Adrian
I have been extremely happy with your assistance in helping us find and apply for our mortgage. You have always promptly responded to any questions I have had along the way and been clear and concise with all the information you have provided. You have made everything much smoother and easier to understand than I ever thought possible! Vicky Hayward you are a star – you go above and beyond I’m sure. You do a fabulous job and I will definitely be recommending you..Kay & Chris
Search Mortgage Solutions were recommended to me by a work colleague who had said they had been very helpful with the purchase of her first home and she wasn’t wrong! I didn’t really understand how the whole mortgage process worked as I was a first-time buyer, but David was excellent at explaining the process and he was very helpful and friendly. He was always prompt at replying and always kept us up to date with progress, he even sorted our life insurance too. The whole process was made simple and so stress-free and I would highly recommend David and the Search Mortgage Solutions team to friends and family. Thank you so much!!.Stephanie
This is the second time that I have used Search Mortgage Solutions and once again I’ve been very impressed. My advisor went out of his way to do additional research by talking directly to a series of underwriters and offered me a range of advice about how to increase my ability to borrow. The service has been friendly and efficient and, in terms of the product secured, got me exactly what I need. I’ll be recommending SMS to any friends who need a mortgage broker..Chris
I have used Search Mortgage Solutions twice now in the last 2 years, first when my wife and I purchased our first home, we had received so many knock backs from other brokers saying it wasn’t feasible yet David was excellent he searched the market effortlessly and worked hard to get us a deal which we could afford. Always kept us up to date with progress and even sorted our life insurance too. Therefore I had no hesitation returning when our fixed period was up to remortgage to a better deal which was taken care of swiftly. I have already recommended David and Search Mortgage Solutions to friends and family and will continue to do so..Neil
I just wanted to drop you a quick line to say thank you so much for all your help with the mortgage. As first time buyers you made the whole process extremely simple and stress free and we cannot thank you enough for all your assistance. Feel free to post this review on any websites you use. Thanks again for everything!! Thanks..Anne Marie
Search Mortgage Solutions where very courteous and prompt in all correspondence, further providing all necessary information in easy to access files that could be accessed via PC or mobile phone. When we agreed upon a new mortgage quote, Search Mortgage Solutions took care to arrange everything and have it all delivered to our home. Overall the service was prompt, friendly and thorough and we would highly recommend to anyone..Sarah
The ups, the downs and everything in between. We’re here for you.
We at Search Mortgage Solutions are a whole of market fee free broker that can give advice if you wish to apply for a new mortgage. To obtain a mortgage we have listed the key points below. We are on hand anytime to explain further and expand on each step if you have any questions.
- Step 1 – Have a deposit. This can either be your own savings or a gift from a family member. Some lenders may be happy with a non-family member gifting the deposit.
- Step 2 – Speak to a broker to see how much you can borrow. This will be based on your income and spending commitments. We can establish a budget and advise on how much the new mortgage would cost monthly to see if this meets your expectations.
- Step 3 – See if you are accepted by a lender by obtaining a mortgage in principle. A mortgage in principle Mip/Aip will confirm if we can obtain the desired loan amount you need to purchase your new home and if you are accepted by a lender. Ideally, before applying for your mortgage in principle, you should be aware of your credit profiling. This will ensure that we process with a lender who may be more accommodating if you have had any credit issues in the past.
A mortgage is a loan taken out so that you can purchase a new property. The loan is ‘secured’ against your home until you have fully cleared the mortgage/loan amount borrowed. If you can’t keep up your repayments the lender can repossess your home and sell it so they get their money back.
A mortgage broker will help you by guiding you through the daunting process of deciding which lender and type of mortgage is most suited for your circumstances. A mortgage broker will help you to understand the mortgage process and will get you the right deal to suit your requirements. This is achieved by providing you with advice and recommending the mortgages most suitable for you.
When you have decided on a mortgage broker, they will gather the relevant information and paperwork needed for the mortgage application. The broker will then submit the application to the lender and liaise with both parties to ensure that everything runs smoothly until the lender offers the mortgage.
There are several factors that control how long it takes to get a mortgage. Below are the stages involved in the application process.
The Process: Mortgage in principle – Mortgage certificate.
The first part of the mortgage process is to get a mortgage in principle. This is a statement from a lender confirming that they can lend you a certain amount of money to purchase a home. This will be subject to final underwriting checks. This is a really quick process if you have all the documents ready i.e passport, driving licence, 3 months bank statements, and 3-6 months of payslips. A lender will ask you for some basic information such as your income and current financial status. They will then check your credit history so that they can verify if you have the required mortgage. This is not a guarantee that a lender will definitely agree to a mortgage in the future but it is useful to have to show to estate agents to demonstrate that you are serious about buying.
The Mortgage Application
The next step in arranging the mortgage is the application. Your mortgage broker will complete your mortgage application and submit on your behalf. It is not a lengthy process, it should only take a few hours at the most, as long as you have your finances in order and the necessary documents and information at hand. To finalise the amount you are able to borrow lenders will need evidence of the following:
Details of the property you have offered on, as well as information on the seller’s estate agent and proof of your deposit.
Valid ID, such as a passport, to prove your identity.
Proof of your current address, such as a utility bill.
Three months bank statements, which can be used to show what your current outgoings are, including the likes of other credit commitments, childcare, utilities, leisure time, holidays, money to savings, pension contributions, etc.
Up to six months of payslips to provide proof of your income, including any bonuses or overtime.
If you are self-employed, your accounts along with a few years of tax returns will be required to determine what monthly payments you can afford.
Once submitted to the lender, they will fully assess and underwrite the case. Once the case is underwritten it will be offered subject to the valuation of the property that you are buying. This part of the process in normal circumstances can take up to 14 days.
Calculating how much you can borrow to buy a home will be based on your income/incomes and other factors. If you wish to apply for a mortgage, use our borrowing calculator on the website as this will give you a rough idea of how much a lender might offer you. This is based on how much you earn and whether you’re buying with anyone else. Mortgage lenders will decide how much you can borrow by basing income multipliers on your salary/salaries. Banks and building societies will offer between three and four-and-a-half times the annual income of you and anyone you are buying with. This means if you are buying on a single applicant basis and earn £30,000 a year, you would usually be offered anything between £90,000 and £135,000. There are exceptions to this however, especially if you work in a certain profession and then income multipliers may be higher. Other factors will impact how much you can borrow as well. Lenders will want to know your monthly outgoings and how you spend your money to complete an affordability assessment. Typically they will want to know about loan repayments, student loans, credit card balances, regular bills (e.g. gas and electricity), transport costs, grocery costs, spending on leisure activities. Recent bank statements and payslips may be needed to support your application.
When you complete on a new mortgage, you will then pay back the amount that you have borrowed and the interest that is being charged. You will pay this back over the period that you have borrowed the money for, typically 25 – 35 years.
A mortgage is secured against your property that you have purchased. It is secured against the property until you have paid it off completely.
A mortgage in principle MIP/ agreement in principle AIP or mortgage promise will be valid for between 60 to 90 days from initial application. This is an initial estimate from a lender stating what you may be able to borrow subject to underwriting.
If the certificate expires before you need it you can always reapply. However, be mindful that too many searches could damage your credit score.
A mortgage offer is a formal agreement between you and the lender once extensive underwriting checks have been completed. It is an official confirmation from a lender that they have agreed to lend you the amount you needed to purchase your new property.
Depending on the lender, a mortgage offer may last between 3 and 6 months.