Mortgage Adviser Essex
Your Local Mortgage
We’re your friendy, expert mortgage advisers in Essex.
Have you tried to go to your bank to arrange a mortgage?
If you have, you’ve probably found yourself sitting on hold for 20 minutes and then, when you finally get through you have to wait for an appointment.
Then once you’ve got your appointment and you have a question, you’ll be put on hold again for 20 minutes to get answer. Not only that but banks only offer their own products.
One of the beauties of instructing Lee Berry – Mortgage Adviser, you get full advice and recommendations based on the best deals within the marketplace to allow you to compare and get the very best mortgage.
You’ll have a direct line to Lee via mobile – any questions that you have at 7:30pm on a Tuesday or Sunday then you can get in touch.
Contact Lee today to discuss getting the best deal on your morgage.
20 Years Experience
Local Essex Expert
Friendly & Reliable
Why People Use Us.
“Lee was instrumental in helping us get our last mortgage. We weren’t sure if we could even get a mortgage as we had a few problems in the past however Lee knew exactly which lender to go to and got the deal through. I cannot recommend Lee highly enough”
“Highly recommended. Lee helped us get a mortgage when we thought we had exhausted all options elsewhere. After being declined several times by other lenders, Lee was able to help us get the mortgage we wanted straight away and with minimal fuss.”
Over 20 years of experience in the mortgage and property industry.
Lee Berry has vast amount of experience working within the house buying and selling process. Selling and buying a property can be one of the most stressful things you will ever do. Having an expert on hand will help you through the tricky process and help you to avoid the pitfalls on the way.
Based in Rayleigh, Essex, can offer home visits, evening and weekend appointments if required to clients in the South Essex areas.
For clients outside the Essex area, telephone appointments are available.
A service designed for people that want a personal and on-hand service. Available at all times to find the best mortgage deal available but also to help throughout the whole process, whether it be a remortgage, buy to let or home moving process.
Frequently Asked Mortgage Questions
Is a property survey required?
When applying for a new mortgage, your lender will very often insist on carrying out a valuation of your property to ensure you’re not paying too much.
They will send over a surveyor to the property you’re looking to purchase, of which there will usually be a charge for (some provide this service free of charge).
The survey is completed purely to ensure that you’re paying the right amount for a property and not a structural report so should you have any questions around the structural integrity, it is highly recommended that you get your own independent property surveyor.
How much deposit do I need to buy a house?
The minimum deposit required to secure a new mortgage is 5% of the property price. If you’re able to put down a large deposit, your mortgage rates will be generally cheaper. 25% deposits can be considerably lower.
How much can I borrow on a mortgage?
Every lender will calculate your limit different. However, as a rough guide, a large percentage of lenders will lend up to 4.5 times your annual salary.
This amount will then reduce depending on your outgoings, credits or car finance etc. Get in touch to get a more accurate idea of how much you can borrow.
Can I get a mortgage if I have bad credit?
We still may be able to get your a mortgage. Typically you’ll need a 25% deposit depending on the amount of bad credit you have.
Provided you have this deposit avaliable there are lenders that would consider application, but you may be likely to pay higher rates that high street banks offer.
Can I get a buy to let property?
Buy to let mortgages have dramatially changed in recent years and they can seem confusing. In order to secure a buy to let mortgage a deposit of 20% is expected in most cases, but you will benefit from lower interest rates should you go with a 25%.
The amount you can borrow usually is determined by rental income you will recieve. We can help you calculate how much you will be able to borrow, get in contact with us today to discuss.
What is an agreement in principle?
If you’re happy with your mortgage figures, you can then get your mortgage agreed in principle. We can apply for your chosen provider on your behalf and get a credit check carried out.
Once your lender has given you the green light, many lenders off a ‘approval in principle certificate’ which you can use when working directly with estate agents. Having this certificate can strengthen your position as a buyer in situations where there are more than one interested in the property you’re looking after.
To get your approval in principal, you will need to provide an accurate evidence of your income, if you’re employed this means you’ll need 3 month of payslips (or 13 weeks if paid weekly). If you’re self employed, this is likely to mean your most recent 2 year’s tax calculations. You can request these from an accountant or download through HRMC website.
I'm Self Employed. Can I still get a mortgage?
Yes! If you’re currently self employed, then you need 1 full years of accounts that you have submitted to HMRC as a minimum. Your accountant can then provide you with a certificate to evidence your income.
You can then you will be about to find a range of lenders that will consider a mortgage offer.
Once you have submitted your account figures you can give us a call and will be able to get you accurate ideas on how much you can borrow.
Do I need to pay stamp duty?
Stamp duty is the tax you pay based on the purchase price of your property. The amount you need to pay can be tricky to work out but you can use our stamp duty calculator to give you the figure that is payable.
Authorised and regulated by the Financial Conduct Authority.
Lee Berry Mortgage Adviser is a trading name of LB FINANCIAL LIMITED and is entered on the Financial Services Register under reference 841329.
Registered office address; 35 Ferndale Road, Rayleigh, Essex SS6 9NN
Registered in England and Wales. Company number - 10798151.
The guidance and/or advice contained within this website is subject to the UK regulatory regime, and is therefore targeted at consumers based in the UK
As a mortgage is secured against your home, it could be repossessed if you do not keep up the mortgage repayments.