Making smarter property decisions with the top 5 mortgage brokers in Newcastle
There’s nothing worse than dealing with your first mortgage. Most of the time, this is a quarter-life-long commitment, and choosing the wrong deal can be costly in the long run.
That’s where mortgage brokers come into play. With their expertise, even the most financially illiterate can secure the best mortgage deals.
I’ve come up with my list of the best mortgage brokers in Newcastle. I’m sure that they’re reliable and can find you a great deal for your new home.
How much does it cost to consult with a mortgage broker in Newcastle?
Consultations with a mortgage broker in Newcastle typically cost nothing, but can cost £250 to £2,000 when dealing with independent brokers. Other factors to consider are interest rates and the lender’s fees.
1. First Mortgage NE
Address: 42-44 Mosley St
Contact Details: +44 191 261 7114
Operating Hours:
- Monday to Thursday: 9:00 AM to 5:30 PM
- Friday to Saturday: 9:00 AM to 5:00 PM
First Mortgage is the UK’s longest-established mortgage broker, serving the country for over 25 years. Originally a Scottish company, they have since expanded across the UK, offering exquisitely straightforward free services to clients.
Over 70% of their clients adore their services. Most were recommended by word of mouth, which is how I found them.
They’re best at helping first-time buyers who are still new to the market.
With them, you’ll only ever need to talk to a single broker, who’ll handle everything as long as you provide all the necessary documents. However, because of the number of clients they see daily, it can be difficult to reach them.
Additionally, they aim to cater to a wide range of income levels by offering a mortgage with as little as a 5% deposit.
Impressively, if you’re confident you found a better deal, they’ll give you £500 with no questions asked.
They explained everything to me and answered all my questions
“I worked with Nichola and Josh from First Mortgage and I’ll start by saying that they have been amazing throughout the entire house buying process! As a first time buyer, it was overwhelming to think where to start with mortgages, but they explained everything to me and answered all my questions. They found me the best rates, helped with surveys and sorted out both my house and life insurance. They’re quick to respond and very reliable. If you’re a first time buyer looking for your first mortgage, I highly recommend First mortgage! Thank you again.”
– Jasmin Suratos, Google Review
The whole process was so smooth
“Highly recommend first mortgages – I recently used their service as I’m a first time buyer and didn’t know where to start. The whole process was so smooth, Kim and Rachel were incredibly helpful and friendly. Not only did they advise me on the best mortgage options and sorted this all out, rachel also helped me with home insurance and life insurance which made the whole process so easy. Can’t believe the service is free, it has really been amazing. Massive thanks to the team, you’ve made the process so smooth and easy. Very responsive, very friendly, can’t recommend enough”
– Sarah Campbell, Google Review
2. Innovate Mortgages & Loans
Address: 4, Gosforth
Contact Details: +44 191 284 3723
Operating Hours:
- Monday to Friday: 8:00 AM to 6:00 PM
For different types of lending, I’d partner up with Innovative Mortgages & Loans. Established in 2002, business partners Tony and Paul have helped 1,000 customers secure a reasonable deal with either them or fellow lenders.
However, as an independent broker, they charge £375 for residential homes and £495 for buy-to-let properties. Still, I like that any initial discussion before the process starts, as well as advice given, is free of charge.
Clients can choose to borrow from them or connect with their fellow lenders. Other clients rave about them, as they were able to secure a reasonable loan from a private lender after being rejected by traditional banks.
Innovative also makes the process simple for self-employed individuals by simply requiring them to provide the information each private lender seeks, such as proof of income and years of self-employment.
Additionally, they even offer bridging or short-term borrowing for up to 12 months.
I could not recommend Tony & Paul enough
“When my mortgage rate was coming to an end, I wasn’t holding out much hope of getting another decent deal. I was very pleasantly surprised with what Innovate Mortgages managed to offer me. A few options with fantastic advice. Honest & transparent with no hassle the whole way through. Explained clearly and simply. I could not recommend Tony & Paul enough.
Thank you so much”
– Debbie Brown, Google Review
Was so helpful and reassuring throughout
“We couldn’t recommend Paul more highly – he was so helpful and reassuring throughout the process of securing our first mortgage. He was endlessly patient and kind in the months leading up to us making an offer and was always happy to offer guidance and advice. We will most definitely be using this company again. Thank you!”
– Miranda Peake, Google Review
3. Northern Standard Mortgages
Address: Hoults Yard, Byker
Contact Details: +44 191 625 9300
Operating Hours:
- Monday to Thursday: 9:00 AM to 8:00 PM
- Friday: 9:00 AM to 5:00 PM
- Saturday: 10:00 AM to 4:00 PM
What I love most about Northern Standard Mortgages is that I can secure a mortgage with as little as 5% of the property value I’m aiming for. They’re perfect for smaller incomes and can even work with buy-to-let properties.
Northern Standard doesn’t just work with individuals, but they are also great for experienced landlords and limited companies.
They work closely with lenders to calculate a reasonable loan amount for buy-to-let properties and typically require a 25% deposit.
There are three payment methods available here, and they offer great advice to those who might need them. The repayment method is the most common and best for those who can cover their capital and interest in monthly payments.
They also offer interest-only and part-and-part payments, which are more suited for higher-income individuals.
Despite these impressive services, they don’t publish their rates publicly. Clients may find it difficult to gauge if they have enough money for down payments.
Made the whole process incredibly simple and smooth
“Nicky was great, and made the whole process incredibly simple and smooth for us. He helped us to explore all possible options with clarity and ease and gave us the confidence to choose a product that was the best for us.
We would highly recommend Northern Standard Mortgages to anyone and we are very grateful for all the support they have provided. Thank you!”
– Richard Brimacombe, Google Review
I couldn’t have asked for a better experience
“Had the pleasure of working with Vinny for my first property purchase, and honestly, I couldn’t have asked for a better experience.
He was super responsive, always happy to explain things clearly (even the complicated bits), and made himself available whenever we had questions. He really helped take the stress out of the whole process.
Huge thanks again, Vinny—I’ll definitely be recommending you and coming back when it’s time for the next one ! (time to enjoy the new home 🙂 )
Vinny -”
– Hass Babu, Google Review
4. Magnetic Mortgage Solutions
Address: Business Centre, Clavering Pl
Contact Details: +44 191 323 4568
Operating Hours:
- Monday to Thursday: 8:30 AM to 8:00 PM
- Friday: 8:30 AM to 6:00 PM
- Saturday: 9:00 AM to 1:00 PM
Magnetic Mortgage is led by Christian Fenwick, who graduated with a Financial Advice Diploma and a Business Degree. With over 10 years of experience, he leads his team in providing clients with the best mortgage deals possible.
They provide services to a diverse range of clients. From first-time buyers to those already paying mortgages, any client I’ve spoken to has assured me that they’re experts in the field.
Aside from that, they can also help with switching from one mortgage to another, which is handled by their team. Additionally, they provide ongoing support, truly showcasing their dedication to their clientele.
What truly got me hooked was their continuous assessment of each loan they’re working on. Some clients have stated that this helped them get a better deal after renegotiations.
While their services do incur fees ranging from £295 to £495, I can’t help but continue to recommend them given the extent of their process.
What an amazing service from the team
“What an amazing service from the team! From start to finish, Christian has kept us informed on the market changes and guided us through the process. He also saved us a bit more money at the very end of our timeline, which was excellent—he didn’t take his eye off the ball. Exactly what you want when you remortgage. I wasn’t familiar with the conveyancing process, but he helped with that too. The service was excellent value for money, too. Roughly, we’ve taken seven years off the mortgage for a small increase on a lower rate. I would highly recommend the service. Were now two months in to remortgaging which is why I wanted to write the review now to give you reassurance and a retrospective view of someone who has gone through the process. I would use again.”
– Thebritishiranian, Google Review
Absolutely fantastic in helping me secure my first mortgage
“Niall has been absolutely fantastic in helping me secure my first mortgage. He went above and beyond to not only find the best possible deal but also handled so much behind the scenes—making the whole experience far less stressful and putting me at ease throughout the process.
He’s incredibly responsive, highly knowledgeable, and takes the time to explain everything clearly and thoroughly. Niall was always happy to schedule calls around my availability, which made the whole journey that much smoother.
I couldn’t recommend Niall and Magnetic Mortgage Solutions more highly. Truly top-tier service! When it’s time to remortgage, I won’t hesitate for a second—I’ll be going straight back to Niall.”
– Jamie Cuthbertson, Google Review
5. Myles Mortgages Ltd
Address: Regus Building, 1 Quicksilver Way
Contact Details: +44 7449 921492
Operating Hours:
- Monday, Wednesday: 8:30 AM to 5:30 PM
- Tuesday, Thursday: 10:00 AM to 8:00 PM
- Friday: 8:30 AM to 4:30 PM
- Saturday: 10:00 AM to 2:00 PM
Myles Mortgages is a private firm with a team of experts who aid first-time buyers. I love that they’re legally compliant and registered with the FCA.
Their founder, Luke Mullin, is an expert with buy-to-let cases. With his expertise, he was able to provide reasonable pricing for these types of loans.
Additionally, I had a great discussion with Leigh Meredith, their Mortgage and Insurance Adviser. She was always there to answer any question I had and provide useful insights into the market.
I love that they’re hands-on with their clients, guiding them through each step. Some of the clients I’ve spoken to got the hang of the whole process after a few appointments.
Mortgages here may incur arrangement fees, but these are fairly priced at around £225. Aside from aiding in mortgage setup, they can also help with the remortgage process.
However, due to their small team, consultations may not always be available.
They were knowledgeable, patient, and incredibly supportive
“Highly Recommended – Exceptional Service from Leigh & Andrew
I had an amazing experience sorting out my mortgage thanks to Leigh and Andrew. From start to finish, they were knowledgeable, patient, and incredibly supportive. They explained everything clearly, answered all my questions, and made what could have been a stressful process feel smooth and straightforward.
Their communication was excellent, they were always quick to respond, and I genuinely felt they had my best interests at heart throughout. I’m so grateful for all their hard work and would 100% recommend them to anyone looking for reliable, honest, and friendly mortgage support.
Thank you both for making this such an easy and positive experience!”
– LIDIA, Google Review
Luke was able to act quickly, allowing me to secure the property
“From start to finish the customer service and efficiency offered by Luke and his colleagues has been second to none. I originally contacted on the off chance they would still be open as I needed a document drafted up for the council, to enable me to submit my offer on a house (complex case), I had already contacted some other providers who either didn’t pick up, or couldn’t help. However, Luke was able to act quickly, allowing me to secure the property. Then the process which followed felt easy as the team kept me informed at each stage. The communication was also excellent as Luke set up a WhatsApp group for any quick ‘to dos’ or questions. I would 100% recommend their service. Thanks again!”
– Rhys Dobson, Google Review