What does a mortgage advisor do?
A mortgage advisor helps you understand your mortgage options, assess affordability and find a suitable mortgage solution based on your circumstances.
At Humble Mortgages, we provide personalised mortgage advice, helping clients understand how much they may be able to borrow, which lenders may be suitable and how to navigate the mortgage application process from initial enquiry through to completion.
Why use a mortgage advisor in Norwich and Norfolk?
Using a local mortgage advisor can provide valuable insight into the mortgage process and the local property market.
Humble Mortgages helps clients across Norwich and Norfolk with:
- First-time buyer mortgages
- Home mover mortgages
- Remortgages
- Buy to let mortgages
- Self-employed mortgages
- Specialist mortgage situations
Whether you are buying a property in Norwich, Wymondham, Dereham, Broadland, North Norfolk or elsewhere in the UK, we provide clear mortgage advice tailored to your circumstances.
How much can I borrow for a mortgage?
The amount you can borrow depends on several factors, including:
- Your income
- Your regular expenditure
- Your credit history
- Existing debts
- Deposit size
- Mortgage term
- Lender affordability criteria
Every lender assesses affordability differently, which is why speaking with a mortgage advisor can help you understand your realistic borrowing options before making an offer on a property.
How much deposit do I need to buy a house?
The deposit required depends on the type of mortgage you are applying for.
Many first-time buyers purchase with deposits from 5%, although having a larger deposit can sometimes provide access to more mortgage options and potentially better rates.
Humble Mortgages can help you understand the deposit options available based on your circumstances.
Can a first-time buyer get a mortgage?
Yes, many first-time buyers successfully obtain mortgages every year.
However, understanding affordability, deposit requirements and lender criteria is important before starting your property search.
We help first-time buyers understand:
- How much they may be able to borrow
- Available mortgage options
- Deposit requirements
- The mortgage application process
- What costs are involved when buying a home
Do I need a mortgage agreement in principle before viewing properties?
While it is not always legally required, obtaining a Decision in Principle (DIP) can be extremely useful.
A DIP can help you:
- Understand your borrowing position
- Show estate agents you are a serious buyer
- Know what properties may fit within your budget
Humble Mortgages can help arrange a Decision in Principle and explain what it means for your mortgage journey.
How long does a mortgage application take?
he timeframe varies depending on the lender, your circumstances and how quickly supporting documents are provided.
Many mortgage applications can progress within a few weeks, but complex situations or busy lender periods may take longer.
At Humble Mortgages, we support you throughout the process and keep you informed from application through to completion.
Can I get a mortgage if I am self-employed?
Yes, self-employed applicants can get mortgages, although the process can sometimes involve additional checks.
Lenders may consider:
- Company accounts
- Tax calculations
- SA302 documents
- Business income
- Trading history
Some lenders prefer two years of self-employed accounts, while others may consider applicants with shorter trading histories depending on circumstances.
Can I get a mortgage with bad credit?
Having a poor credit history does not automatically mean you cannot get a mortgage.
Options may depend on:
- The type of credit issues
- How long ago they occurred
- Your current financial position
- Deposit available
- Lender criteria
Humble Mortgages can help you understand your options if you have experienced:
- Missed payments
- Defaults
- CCJs
- Debt issues
- Previous financial difficulties
Should I remortgage my home?
Remortgaging means replacing your existing mortgage with a new mortgage, often with a different lender or product.
Reasons people consider remortgaging include:
- Looking for a better interest rate
- Raising funds for home improvements
- Consolidating borrowing
- Reviewing mortgage affordability
- Changing mortgage terms
Humble Mortgages provides remortgage advice across Norwich, Norfolk and the UK.
What is a buy to let mortgage?
A buy to let mortgage is designed for purchasing or refinancing a property intended to be rented out.
Buy to let mortgages are assessed differently from residential mortgages and may consider factors such as:
- Expected rental income
- Deposit size
- Landlord experience
- Property type
- Personal circumstances
We provide buy to let mortgage advice for landlords, including first-time landlords and portfolio landlords.
Can I get a mortgage if I have recently changed jobs?
Possibly. Many lenders consider applicants who have recently changed employment, although requirements vary.
Factors lenders may consider include:
- Length of employment
- Type of contract
- Income level
- Previous work history
- Probation period
A mortgage advisor can help identify lenders that may be suitable for your situation.
Do mortgage advisors charge a fee?
Mortgage advisor fees vary depending on the adviser and the service provided.
At Humble Mortgages, we believe in being clear and transparent about any fees before providing advice, so you understand the costs involved from the beginning.
What documents do I need for a mortgage application?
Common documents include:
- Proof of identity
- Proof of address
- Payslips
- Bank statements
- Evidence of deposit
- Tax documents if self-employed
Having documents prepared early can help make the mortgage process smoother.
Can I get mortgage advice if I live outside Norfolk?
Yes. Although Humble Mortgages is based in Norwich and specialises in helping customers across Norfolk, we also provide mortgage advice to clients throughout the UK.
Appointments can be arranged remotely, making professional mortgage advice accessible wherever you are based.
Speak to Humble Mortgages Today
At Humble Mortgages, we provide:
- Personal one-to-one mortgage advice
- Clear explanations without confusing jargon
- Support from application through to completion
- Honest and transparent recommendations
- Flexible appointments to suit your schedule
- Local knowledge of Norwich and Norfolk
- Mortgage advice tailored around your circumstances
