Mortgage Broker Bishop Auckland

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Free Mortgage Consultation*
No need for Face to Face meeting
Available 8am to 7pm
Bespoke Mortgage Rates**
We handle the whole  Mortgage Process
* Terms and Conditions apply
** Not available when applying direct with the mortgage lender
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Our Mortgage Broker Guide to getting a mortgage in Bishop Auckland

The mortgage application process has 4 stages regardless of which mortgage lender you use:

    1
    Approval/Decision in Principal (AIP/DIP)
    2
    Mortgage in Principal (MIP)
    3
    Mortgage Valuation
    4
    Mortgage Offer

Read about the full mortgage process here - What is the mortgage process?

Mortgage Broker Bishop Auckland Tip 1
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Mortgage Broker Tip 1

Mortgage Broker Tip 2

Moving regularly can decrease your credit score

Frequent changes of address are likely to result is your credit score decreasing. It can affect your credit rating if you haven’t been registered at one address for an extended period of time.

Lenders favour stability over constant changes of address as inconsistency increases your risk profile. You will often be asked “Have you lived at this address for longer than 3 years?” so they can judge the likelihood of you making repayments regularly.

Offset Mortgage

Offset mortgages let you link your savings with your mortgage. In doing so, you will only pay interest on the value of your mortgage that surpasses that of your savings. Interest rates are often slightly higher for offset mortgages, but the benefits include being able to reduce your monthly payments or shorten the period of time you are paying back your mortgage.

It is commonly thought that offset mortgages are restrictive and expensive but you can get at your money quickly, shorten your mortgage significantly and you don’t have to have all your savings in one account.


Bishop Auckland is a quaint market town situated 30 miles south of Newcastle upon Tyne and 25 miles north west of Middlesbrough. It has a strong historical association with the period of the Industrial Revolution as it was a coal mining hotspot. Notable landmarks include Auckland Castle, locally known as The Bishop’s palace, and the remains of the Binchester Roman Fort.

Property Price Stats for Bishop Auckland


Average property price in Bishop Auckland£118,575
% Change compared to last year12%
Population of Bishop Auckland 16,276 (2011)


The property price data is sourced from  the Land Registry's UK House Price Index and you can view up to date property prices by clicking - Land Registry House Price Index >>Land Registry
 

Mortgage Broker Bishop Auckland - Recently Completed

  • Victoria Ave, Bishop Auckland DL14 7JH
  • Cockton Hill Rd, Bishop Auckland DL14 6HS
  • Newgate St, Bishop Auckland DL14 7EJ
  • Woodhouse Ln, Bishop Auckland DL14 6LB
  • Market Pl, Bishop Auckland DL14 7NP

Local High Street Banks in Bishop Auckland

Mortgage Broker in and around Bishop Auckland

Our Bishop Auckland mortgage broker can help you with your mortgage app;lication locally or in any of the surrounding areas including Binchester, Toronto, Escomb, Coundon, Coundon Grange, Shildon and Tindale.

Which banks are local to you?


  • Barclays Bank - Jenkins House, Bob Hardisty Dr, Bishop Auckland DL14 7TH
  • Lloyds Bank - Newgate St, Bishop Auckland DL14 7EG
  • HSBC - Newgate St, Bishop Auckland DL14 7HQ/li>

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Our mortgage broker has access to the whole of the market as our home loan brokers aren't tied to any particular mortgage providers.

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Mortgage Brokers Bishop Auckland offering free first consultation (terms apply).

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With no need for face to face meetings you'll be called on the same day by one of our mortgage specialist brokers to discuss your circumstances and can support complex applications for Help to Buy, Right to Buy and Shared Ownership mortgages

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You'll have access to the whole of the market as our mortgage brokers aren't tied to any one mortgage company.

Bishop Auckland Mortgage Broker Insider Tips

If a family member or friend is providing you with any of the finance towards your home purchase in Bishop Auckland, make sure your solicitor has all the information in good time.

If there is a loan or a gift, your solicitor may need proof of funds, relevant documentation and a proof of ID. If they do not have this, you may find yourself ready to exchange but not able to go ahead. Furthermore, your mortgage lender may not be happy to lend where there is an unregistered interest (i.e. the financial interest of your relative or friend) over the property. 

They will want to know if this is going to be a gift or a second registered charge. As you can see this is prone to getting complicated and can affect whether or not you decide to proceed. If you can get everything underway and sorted out as soon as possible, you will be in a better position to make an informed decision from the outset.

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