Mortgage Broker Carlisle

Has the mortgage market got your head in a twist? Get a FREE mortgage consultation with our 100% impartial Mortgage Advisor, with access to the whole of the mortgage market to get you the best mortgage rates. Remote meetings available within 3 working days**

 
 
 
Mortgage Loan and House Keys - SAM Conveyancing's Mortgage Broker Consultations

Our mortgage brokers are independent of any lender and offer a full spectrum of straight talking, expert financial advice. Perfectly positioned to help you with your mortgage requirements.

Read SAM Conveyancing's trustpilot reviews

Find a Home Mortgage icon for whole of the market
Access to the Whole Market
Best Mortgage Advisors icon offering a free mortgage consultation
FREE* consultations
for Carlisle
Access Mortgage Providers Quickly icon
Convenient
Remote Appointments
Independent Mortgage Broker icon for professional advice
Impartial Mortgage Advice
Mortgage Broker Carlisle Financial Times Top 100 Financial Advisers 2022
FT Top 100 Mortgage
Advisors 2022

Why choose Mortgage Brokers with SAM Conveyancing?

Whether you are making a purchase or remortgaging a property, using an impartial mortgage advisor saves you from being pressured by any specific lender, so you can choose the best deal available from the whole market.

We can offer you a free* initial consultation with our independent mortgage brokers at Advies. They search across the whole market to provide the best mortgage rates that match your needs and circumstances, with access to exclusive rates that can beat the high street lenders.


Advies Top 100 Financial Advisers
We are delighted to announce that Advies have been recognised by the Financial Times as being one of the FT Adviser UK Top 100 Financial Advisers 2022.

Our mortgage advisors attain the strictest Financial Conduct Authority standards, to ensure honest, competitive and fair services, to you.

Bank of England Base Rate
 
4.75%
 

Changed from 5% on the 7th November 2024.

Average Fixed Rate

5.37%
 
Based on a 2 year fixed deal with 90% LTV.
How to get a mortgage in Carlisle

Property prices in Carlisle vary exponentially. A detached house in Stanwix can cost on average £258,995, while in contrast the price in Wetheral is £373,162.

Location
10% Deposit
What would your salary need to be?
(estimated based on 4.5 times salary)
Stanwix
£25,899
£51,798 or £25,899 per salary with a joint purchase
Wetheral
£37,316
£74,632 or £37,316 per salary with a joint purchase

The rate of your mortgage will affect your affordability assessment. Use our calculator to see how the current rate will affect your monthly payments.

Mortgage Calculator

Our Mortgage Broker Guide to getting a mortgage in Carlisle

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

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

Mortgage Broker London Tip 1
#1 Top Tip

Checked one score? Check all 3!

Remember that in the UK there are 3 main credit reference agencies: Experian, Equifax and CallCredit. All 3 use different methods to produce a credit score and one or all may be consulted by a lender about your credit-worthiness.

It therefore makes more sense to check your score – and file – for all 3 so you have a complete picture of how your profile is viewed and can take any necessary steps to keep your credit score as high as you can.

Top Mortgage Lenders
#2 Top Tip

Repayment Mortgage

You have to take out a repayment mortgage if you are a residential home buyer. You are granted a mortgage loan normally conditional on your saving a deposit of a minimum of 10% of the purchase price (in certain circumstances a lower percentage or even no deposit may be acceptable) and you commit to making regular monthly repayments over an agreed term, frequently 25 years, during which you pay back the loan.

For each payment you make, a portion of the money goes toward paying the interest on the loan and the rest goes towards paying down the capital. You accumulate more of the underlying capital over time so the interest element becomes less and the portion devoted to paying off the principal increases.

The biggest advantage of a repayment mortgage is that as long as you make all the payments, you can rest assured that at the end of the term you'll own the full equity of your property. This is not guaranteed to be the case with an interest-only mortgage; these mortgages are now only open to commercial customers.

If you're buying, getting a structural assessment (Building Survey) of your property in Carlisle from a RICS Surveyor is key and can save you £1,000s by highlighting defects that can be shared or negotiated with the seller.

All too often, buyers choose not to get a Building Survey, thinking that their Mortgage Valuation will cover them for this. Sadly, the mortgage valuation doesn't highlight structural defects or risks.

Once you realise this and then choose to get a Building Survey you may find that you are pushed to get this done in time for exchange of contracts because you have waited so long. This is especially annoying as your conveyancing solicitor needs some of the information from the survey to complete your legal work.

The best advice for fast conveyancing in Carlisle is to book your Building Survey at the same time as you instruct your conveyancing solicitor.

Surveyors are in high demand at the moment and bookings can often take 7 to 10 days and then the report takes 3 to 5 days after that, so the sooner you book, the quicker you'll know if there are any defects with your property - plus you'll be set for a fast conveyancing completion!


Get your FREE RICS Building Survey Quote

RICS Surveyors – Local Knowledge – Same Week Availability

Frequently Asked Questions: Mortgage Brokers Carlisle


The role of a mortgage broker is to take your information and compare multiple deals from different lenders, based on your specific details, to find you the best option.

The benefit of using a mortgage broker is having one expert doing the research and comparison for you, rather than dealing with multiple lenders who all want to sell you their own products. Our independent Carlisle mortgage brokers have access to better deals than the general public and can negotiate on your behalf.
Unless you have already found a mortgage product and aren't really interested in finding a better deal, it is always worth using a mortgage broker, and when your initial consultation is free with SAM Conveyancing, what have you got to lose?
Some homeowners want the convenience of borrowing with the same lender that they currently bank with. Even then, it is often worth going through a broker anyway, as they may be able to get you an exclusive offer from that very same bank that you won't have access to.
Most mortgage brokers make their money in a flat fee or a commission, which is paid to them by the lender. Some brokers charge a fee to the borrower which is normally payable as a flat fee, or it can be financed with the mortgage.
You'll need a mortgage approval in principle in order to budget, so you should get a mortgage broker before you start looking for houses and certainly before you make an offer on one. In fact, some people speak to a mortgage broker as soon as they decide to get serious about buying a home.
There's no need to meet a mortgage broker face to face. Our hand-selected mortgage experts offer convenient remote meetings by phone, for award-winning, national coverage.
A mortgage broker will be quicker purely based on their greater experience. They will be able to check your application to make sure it's not rejected for commonplace mistakes and they can steer you away from wasting your time applying for mortgage products or to lenders who are likely to turn you down.
*SAM Conveyancing has negotiated a FREE Mortgage Consultation with our panel mortgage broker. This allows you a free mortgage consultation to discuss your specific requirements and provide mortgage opportunities for the Service being requested. If you want to proceed with a formal mortgage application through your mortgage broker, then a mortgage application fee maybe payable. If there is a fee to pay for your mortgage application, it will be explained to you at the point of discussing your mortgage options.

You can disengage the services of your Mortgage Broker before making a formal application, and no fee will be levied.

Read our - Terms and Conditions.

SAM Conveyancing is an approved partner of Advies Private Client, and this page is an advertisement for them. SAM Conveyancing does not provide or arrange mortgage advice, but we may receive a commission for any product you take with Advies Private Client after we introduce you to them.

The FCA does not regulate SAM Conveyancing and does not provide any insurance or mortgage products, nor can we provide any advice on different insurance or mortgage products. Please liaise with your chosen Advies Private Client for any insurance advice.
**Subject to availability. If we are fully booked ask and we will see if we can fit you in sooner.
 

Mortgage Broker Carlisle - Recently Completed

  • Newlaithes Ave, Carlisle CA2 6PP
  • 42 Blackwell Rd, Carlisle CA2 4AJ
  • 28 Scotch St, Carlisle CA3 8PX
  • 14 Kingmoor Rd, Carlisle CA3 9PS
  • 25 Wood St, Carlisle CA1 2SF

Getting a Mortgage and How to Fund Buying a Home

Watch our video to find out how to organise your mortgage and funding for your purchase.

Use our online mortgage payment/repayment calculator (UK).

 
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