Expert, Impartial Mortgage Advice
The mortgage process doesn’t need to be difficult.
With a professional mortgage broker from Elementary Mortgage Solutions at your side, you can say goodbye to mortgage stress and hassle.
Whether you’re a first-time buyer, a landlord or are looking to remortgage your existing home; we can help.
Book your FREE mortgage consultation, call 0115 7845780 or simply enter your details below
Your Specialist Mortgage Broker in Nottingham
Elementary Mortgage Solutions are experts in recommending and arranging mortgages and other related insurance products to the people of Nottingham and the wider Midlands area.
We work from a panel of lenders, which means, we are not tied to any one provider and can compare thousands of products to find the best one that meets your circumstances.
Jargon Free Mortgage Advice
Financial products, such as Mortgages, can be complex with terms and language that most people don’t come across in their daily life. It’s easy to be confused or feel overwhelmed if you’re attempting to arrange your own mortgage and deal with all the paperwork yourself.
As a specialist mortgage broker in Nottingham our experts have years of experience and will provide their mortgage advice in a simple and easy to understand way.
We won’t try and bamboozle you with industry terms and jargon. We want you to feel comfortable and happy with the process whether you’re a first-time buyer, remortgaging or investing in a buy to let property.
A Flexible Approach
Diverse Mortgage Options
We work with a broad panel of carefully selected mortgage providers.
Whether you are a first-time buyer, are self-employed, are a landlord in the market for a competitive buy to let mortgage deal or have a poor credit rating and need advice on which lenders are best suited to your situation, our mortgage advisers can help.
We Search thousands of mortgage deals so you don't have to!
Mortgages available on the high street typically have rigid criteria that can make it difficult for many people to access them. Individuals with a poor credit rating, the self-employed and those looking to develop a self-build are just some of the reasons that can make it challenging to obtain a standard mortgage.
Our Nottingham mortgage brokers have access to a wide range of specialist products created specifically for those who are struggling to get a mortgage and don’t fit the inflexible high street criteria. They can provide mortgage advice and support and guide you through the options available that suit your situation.
Some of the specialist mortgage products we can provide are;
- Bad credit
- Debt consolidation
- Right to buy
- Buy To Let
- Let To Buy
More than a Mortgage
- Life cover
- Critical illness cover
- Income Protection
- Family Income Benefit
- Buildings and Contents insurance
The Elementary Mortgage Process
Get In Touch
Pick up the phone or fill out our enquiry form. There are no silly questions, and we can have a relaxed and informal chat to see if we can help you. We endeavour to answer all calls. However, there will be times when we are in appointments in which case please leave us a message, and we will get back to you within a couple of hours.
When You Are Happy
Keeping You In The Loop
The process of applying for a mortgage varies and can be anything from 2 weeks to 3 months. Rest assured, we will keep you informed every step of the way until you have your mortgage offer from the lender.
We pride ourselves on building long term relationships and offering excellent customer support. If you ever need assistance, we are always at the end of the phone. If your circumstances change or you have any questions, please don’t hesitate to get in touch. We will also make regular contact to make sure you are happy and to help you find your next mortgage.
Why Use a Mortgage Broker
The mortgage market is large and can be complex. With many different mortgage types available, offering different rates and different terms for repayments. Some mortgages offer ‘cashback’ incentives and many charge arrangement and other fees. Choosing to get a mortgage is one of the most significant financial commitments a person will undertake, so it makes sense to seek expert mortgage advice to help you make the right decisions.
What are Mortgage Brokers
Mortgage brokers, or mortgage advisors, are specialists in finding mortgages that fit the specific needs of their clients. They have received the relevant training and are qualified to provide mortgage advice and recommendations based on your financial circumstances. Mortgage brokers are authorised and regulated by the Financial Conduct Authority (FCA), which means that customers are protected if the mortgage advice received is not suitable, and compensation can be sought.
By using a mortgage adviser you are accessing expert knowledge of the mortgage market. Before recommending a mortgage, they will ask you for information regarding your financial situation, including your income and your regular expenditure. Based on this information, they will then recommend suitable mortgage products.
Using a mortgage broker has three significant advantages versus sourcing a mortgage yourself;
Detailed Market knowledge
Wider Choice of Mortgage Deals
Managing the Mortgage Application
We pride ourselves on building long term relationships and offering excellent customer support.
If you ever need assistance, we are always at the end of the phone. If your circumstances change or you have any questions, please don’t hesitate to get in touch. We will also make regular contact to make sure you are happy and to help you find your next mortgage.
As well as arranging the mortgage itself, a mortgage broker will review related products such as life insurance, mortgage protection and critical illness cover. They will already have a good knowledge of your financial circumstances and will, therefore, be able to recommend insurance products that ensure you and your family are fully protected.
Questions to Ask a Mortgage Broker
Are They Registered with the FCA?
The first question to ask any mortgage broker is whether they are FCA registered. By working with a mortgage broker who is registered with the FCA, you have access to the Financial Ombudsman Service or the Financial Services Compensation Scheme should the mortgage advice you receive be incorrect. You can also check the FCA register yourself by clicking here.
How Do They Provide Advice?
Do they provide mortgage advice over the phone, by email or in person? What information and reports will they provide following your meetings?
What Are There Charges
Your mortgage broker should be clear and transparent about any potential charges. Some advisers will provide free mortgage advice, however, they need to tell you if they are receiving a commission from the lender for arranging your mortgage.
Preparing For Your Meeting
To get the most from your meeting with a mortgage broker, it’s best to be prepared. They should provide you with details of what information they need to see before the meeting. This will include bank statements, proof of address, details of your existing mortgage (if applicable), household incomings and outgoings plus details of savings and insurance policies you have in place.
It’s also worth considering in advance the type of mortgage you would like. Would you like a fixed rate, and if so, what sort of timeframe would you like the rate fixed for? If your mortgage is for a buy to let property, would you like an interest-only mortgage? Maybe you’d like to release some capital from your home for a holiday or a new car, if so, how much additional borrowing is required.
Which Lenders do They Work With?
Some mortgage brokers are linked to specific banks or building societies and will, therefore, only recommend products that this institution provides. Ideally, your broker should work with as wider panel of lenders as possible to give you a full picture of the mortgage market and the products available to you.
Mortgage Advice Tailored to Your Needs
Our aim is to find every customer their perfect mortgage product. Our team of expert mortgage brokers achieve this by gaining a clear understanding of your financial situation, plans and goals for the future.
Based on the information you’ve provided, we then review hundreds of mortgage products from a vast panel of lenders.
Once we’ve found the right mortgage product for you, we take care of the mortgage application and paperwork ensuring the whole process runs smoothly and is stress-free.