Nottingham Mortgage Broker
Are you buying a new property or remortgaging your existing home?
Would you like the process of arranging your mortgage to be straightforward and hassle-free?
Elementary Mortgage Solutions are a Nottingham based mortgage broker who can take the stress out of arranging your mortgage.
We provide open and honest mortgage advice to ensure our customers get the most suitable mortgage deal for them. We’re not tied into any bank or building society, which means our advisors work for 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 deals from a vast panel of lenders.
Once we’ve found the right mortgage product for you, we take care of the application and paperwork ensuring the whole process runs smoothly and is stress-free.
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.
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 yo let property.
A Flexible Approach
We provide a flexible, modern approach when it comes to providing mortgage advice. We don’t expect you to visit our offices between 9 am – 5 pm, instead, our mortgage advisers will come to you. We typically visit our customers in their homes or arrange to meet at their places of work. We’ll plan the meeting at a time that’s convenient for you and our advisers are happy to meet in the evening or weekends.
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.
Lenders do not make all of their mortgage products available to the general public. Some of their best mortgage rates are only available to brokers. By working with Elementary Mortgage Solutions, you can unlock an exclusive mortgage deal and potentially save money through lower interest rates and monthly repayments.
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 mortgage brokers have access to a wide range of specialist products created specifically for those that don’t fit the standard high street criteria. Our team have plenty of experience in helping those who have found it difficult to access a mortgage through the standard channels. They can provide mortgage advice and support and guide you through the options available that suit your situation.
Some of the more specialist mortgage products we can provide are;
- Bad credit
- Debt consolidation
- Right to buy
- Buy To Let
- Let To Buy
More than a Mortgage
At Elementary, we do more than just provide mortgage advice. Our team can also assist you with a range of related products, including;
- Life cover
- Critical illness cover
- Income Protection
- Family Income Benefit
- Buildings and Contents insurance
The Mortgage Process
We’re often asked by potential customers what to expect when working with a mortgage broker. Below we’ve outlined the simple step by step process that our mortgage advisers will take.
If you’re interested in learning more about our services, then please get in touch with our team. You can contact us by the following methods;
Phone: 0115 7845780
Contact Form: Click here and enter you enquiry
Live Chat: Simply click on the ‘Contact Us’ box at the bottom of the website.
We’ll be happy to answer any questions you have, and if you’d like to arrange a meeting, we can do this at a time and location that is convenient for you.
Free Mortgage Consultation
Our initial mortgage advice is free, and there is absolutely no obligation to use our services. This meeting is your chance to talk to one of our expert mortgage brokers about your requirements and ask any questions.
The adviser will ask you about your circumstances and will undertake a full financial analysis assessing your incomings and expenditure. If you’re looking to raise capital through the mortgage process, our advisors will also factor this into their assessment.
With a clear understanding of your requirements and situation, your adviser will research the market on your behalf. We search through all the mortgage deals available from the extensive panel of lenders we work with to find the right mortgage product that best meets your needs.
Our Mortgage Advice
Your adviser will then present you with your options and explain the details to you in plain English. We’ll explain to you about any costs and fees that may be involved and ensure you are happy with the terms and conditions associated with your chosen mortgage product.
The Mortgage Application
Once you’ve chosen your mortgage and are ready to proceed your adviser will apply for your mortgage. We’ll help you collate all the necessary paperwork, and our team will liaise with the lender on your behalf.
Every mortgage application is different. Some can take as little as two weeks to complete; others can take up to 3 months. Your mortgage adviser will manage the process every step of the way and keep you informed until you have a confirmed mortgage offer from the lender.
We pride ourselves in offering first-class customer service. We want to build long term relationships with our customers, and we are always available to assist you and answer your questions or concerns. Your mortgage broker will keep in regular contact to make sure you are happy and when appropriate, begin planning your next mortgage with you.
Our Customers Say…
Extremely professional and responsive service by Ivan. He was always happy to help and support me through the whole process. Highly recommend!!
Ivan Whitelocks satisfied all my needs. Guiding me through the process with ease. He was easy to reach and quick to reply to any enquires. Going above and beyond at the end of our purchase when I hit a snag with my conveyances. Fully recommend him and look forward to speaking to him again if I ever need mortgage advice again.
Fantastic Service. Really took the hassle out of mortgage hunting. Would definitely use again. Stress free from start to finish and very professional. Thank you
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. Getting a mortgage is one of the most significant financial commitments a person will have to make, so it makes sense to seek expert mortgage advice to help you make the right decisions.
What are Mortgage Brokers
Mortgage brokers are specialists in finding mortgages that fit the specific needs of their clients. They have received the relevant training and are qualified to provide advice and recommendations based on your financial circumstances. Mortgage brokers are regulated by the Financial Conduct Authority (FCA), which means that customers are protected if the 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;
Market knowledge – Mortgage brokers have a detailed understanding of the market and specific lenders. They will know which lenders are suited to particular individuals and requirements and which are more likely to accept a mortgage application.
Wider Choice of Mortgage Deals – Brokers have access to mortgage deals and lenders that the general public doesn’t. By working with a broker, you may be able to access a mortgage product with a better rate that saves you money.
Managing the Application – Mortgage applications are time-consuming and require a lot of paperwork and documentation. Mortgage brokers will handle all this for you, deal with any issues and keep you updated on the application’s progress.
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 circumstanes 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 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?
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 or lenders as possible to give you a full picture of the mortgage market and the products available to you.
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.
A mortgage broker will not only help you find the best deals available they will also handle the often long-winded mortgage application process on your behalf. You can, of course, arrange your own mortgage directly with a lender. However, there are many advantages to having an expert in your corner, guiding you through the process.