Derbyshire Mortgage Services
Derby
Mortgage advice covering self-employed, later life / equity release, first-time buyers and 1 more. Derbyshire Mortgage Services is listed as fee-free.
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About Derbyshire Mortgage Services
Derbyshire Mortgage Services is a UK mortgage broker based in Derby. Its website describes mortgage advice for residential mortgages, first-time buyers, self-employed borrowers, later life lending. Its website publishes FCA regulatory details.
From this firm's public listing.
What this broker covers
From the areas recorded here.
Derbyshire Mortgage Services records 4 areas of advice from its base in Derby: self-employed, later life / equity release, first-time buyers and residential.
Advising on both mainstream residential and later-life lending means the firm can compare a retirement interest-only mortgage against equity release rather than defaulting to one of them.
Self-Employed
Self-employed cases turn on how a lender reads your income. Some average two or three years of accounts, some use your latest year, and sole traders, limited-company directors and day-rate contractors are all assessed differently. A firm that does this regularly knows which lenders sit where.
Read the self-employed guideLater Life / Equity Release
Later-life lending and equity release are separately regulated and have long-term consequences: interest can roll up against the value of your home, and it changes what is left in your estate. Advisers need a specific qualification to recommend it.
Read the later life / equity release guideFirst-Time Buyers
First-time-buyer work means walking someone through it from scratch: what deposit is realistic, what an agreement in principle is worth to an estate agent, which schemes still exist and what lenders will ask to see. On a fee-free listing that removes one up-front cost at the stage you have least spare money.
Read the first-time buyers guideResidential
Standard residential advice covers buying, moving and remortgaging on your own home — the bulk of UK mortgage lending, and the area where switching deal at the right moment usually saves the most. Sitting next to later-life lending, it means the same firm can weigh a standard remortgage against a retirement product.
Read the residential guideFees: what this means for you
Fee-free to you
Fee-free means the lender pays this firm a procuration fee on completion, so the advice costs you nothing directly. You still pay any lender product fee, valuation and legal costs. Equity release is usually charged separately from mainstream lending, so ask about it specifically.
Fee-free vs fee-charging brokers, compared →Checking this firm on the FCA register
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Questions to ask Derbyshire Mortgage Services
Tailored to this listing.
- 1How many lenders can you recommend from — the whole market, a limited panel, or a single lender?
- 2You are listed as fee-free — does that hold for a case like mine, and what will the lender be paying you?
- 3How will lenders read my income — salary plus dividends, net profit, or day rate — and do you work with lenders that use my latest year rather than an average?
- 4What qualification does the adviser hold for equity release, and how would rolled-up interest affect what I can leave to my family?
- 5What deposit do I realistically need for the properties I am looking at, and which schemes am I actually eligible for?
- 6Based on my income and commitments, what is the realistic maximum here, and when should I be starting the next remortgage?
- 7Do you see clients at your Derby office, or is this handled by phone and video?
Getting in touch with Derbyshire Mortgage Services
Derbyshire Mortgage Services lists a phone number alongside its own website, so you can either call or start with an online enquiry.
- First conversations are free and non-committal.What a broker does
- Bring payslips, statements, existing mortgage details.Document checklist
- Compare two or three brokers.How to choose
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Frequently asked questions
What does Derbyshire Mortgage Services charge for mortgage advice?
Derbyshire Mortgage Services is listed on MortgageMatch as fee-free, meaning the broker is paid commission by the lender rather than charging you for advice. You would still pay any lender product fee, valuation and legal costs. Equity release is usually charged separately from mainstream lending, so ask about it specifically.
What types of mortgage does Derbyshire Mortgage Services handle?
Derbyshire Mortgage Services records self-employed, later life / equity release, first-time buyers and residential, working from Derby. Ask anyway if your case sits outside that list.
Does Derbyshire Mortgage Services work with self-employed borrowers?
Yes — self-employed lending is one of the areas Derbyshire Mortgage Services lists. Have your last two to three years of accounts or SA302s and corresponding tax year overviews ready. The figure you can borrow depends heavily on which lender is used, because they treat retained profit, dividends and contract income very differently.
Does Derbyshire Mortgage Services only cover Derby?
Derbyshire Mortgage Services is listed in Derby, but UK brokers are not restricted to their own area and most advise nationally by phone or video. You can also compare other mortgage brokers in Derby on MortgageMatch.
MortgageMatch is a directory, not a broker. We do not give advice. Your home may be repossessed if you do not keep up repayments.