Mortgage Adviser Newcastle Upon Tyne

As of the latest data from the Office for National Statistics, the average house price in Newcastle upon Tyne is approximately £211,000. This makes it a more affordable option compared to many other UK cities, particularly in the South of England. It is important to note that knowing your personal affordability and securing a Mortgage in Principle can be massively beneficial to understanding how much you will likely be able to borrow from your chosen lender. In turn, this will provide you with a clear insight into what properties you should be able to secure. Working with Boon Brokers, our expert mortgage advisers can quickly help you understand and gauge your affordability, securing a Mortgage in Principle for you to evaluate all of your property options.

Growing in popularity, Newcastle has already seen a steady rise in modern housing developments, particularly in areas like Gosforth, Ouseburn, and parts of the Quayside. New build homes often come with energy-efficient features and can be easier to finance through specific mortgage products and lenders that offer new build purchase schemes. If you’re considering purchasing a new build in Newcastle, Boon Brokers can advise on mortgage deals specifically suited for these types of properties, including lenders who may offer incentives such as cashback or lower deposit options.

Absolutely! Many lenders now offer mortgage options for buyers with smaller deposits, such as 5% or 10%. In addition, many lenders will accept government-backed schemes that can help secure a deposit large enough to get a foot on the property ladder. Working with a trusted mortgage broker - like Boon Brokers - can help streamline your mortgage journey. Our dedicated mortgage advisers will assess your eligibility and match you with the most suitable low-deposit mortgage products.

With the support of a mortgage broker like Boon Brokers, the mortgage process can be much smoother and more efficient. A mortgage in principle can usually be secured within 24 - 48 hours, while a formal mortgage offer typically takes between 4 to 6 weeks. It is important to note that this timeline will wholly depend on your chosen lender, valuation process, and how quickly all documents are provided.

The proof is in the pudding. As an established and trusted fee-free mortgage broker with nearly 1000 TrustPilot reviews, Boon Brokers do not believe in charging you a fee. Instead, we charge the lenders our commission, so you don’t have to worry. As a whole-of-market brokerage, we provide access to the whole mortgage market - including both high-street and specialist lenders - without charging you a penny. This means you receive independent, tailored advice and access to the most suitable deals for your situation.