Independent mortgage brokers and advisors in Newbury
Found a home you want to buy, coming to the end of a mortgage deal or struggling to get a lender to understand your circumstances? Speak to Simmonds Mortgage Services. We help buyers, homeowners and landlords in Newbury work through their mortgage options, including applications that need a closer look.
Independent mortgage advice from our team in Wokingham, serving Newbury and the wider Berkshire area.
Book a free initial mortgage chat | Call 0118 469 3037
Your initial chat is free. A mortgage arrangement fee may apply if you proceed, typically £499, payable once your mortgage offer is confirmed. The typical lifetime-mortgage fee is £799. We’ll explain your fee before you commit.
Meet the people helping with your mortgage in Newbury
Andrew Simmonds
Andrew founded Simmonds Mortgage Services after starting his career in financial planning in the early 2000s and later building a mortgage division. He holds CeMAP and an IFS Level 3 Certificate in Equity Release. His work includes self-employed applicants, company directors and later-life borrowing, with a particular interest in finding a workable approach when a case has proved difficult elsewhere.
Daniel Temperley
Daniel advises on residential and buy-to-let mortgages, helping first-time buyers, people remortgaging and landlords. His published case work includes helping a first-time buyer whose visa status had made finding a lender difficult. He explains the application, keeps clients updated and helps them deal with the questions that arise. Meet the Simmonds team.
Independent mortgage advice for Newbury
We look at options from a range of lenders and explain why a mortgage may suit your circumstances. The interest rate matters, but so do the fees, repayment structure and lender’s requirements. You should understand the recommendation before you decide to go ahead.
If your application is less straightforward, tell us what has happened so far. We are used to discussing variable earnings, credit difficulties and unusual property plans. We’ll explain what we can investigate and where the limitations may be.
Buying a home and arranging a mortgage in Newbury
Newbury gives buyers a choice between town-centre living and areas such as Wash Common and Speenhamland. The River Kennet and canal run through the town, while Northcroft and Goldwell Parks sit close to the centre. GWR runs direct services to London Paddington from Newbury, which may matter if your working week includes a commute.
Those choices affect the budget you need to plan. For a flat, allow for service charges as well as your mortgage payment. If you commute, include travel costs. If you are moving to a larger home, consider what your existing mortgage and equity mean for the next purchase. We can discuss the borrowing while your solicitor and surveyor investigate the property itself.
We can also discuss purchases in nearby Thatcham and the surrounding West Berkshire villages. You can start by phone, whether you already live locally or are planning a move to the area.
First time buyer mortgages in Newbury
You do not need to have found a property before talking to us. We can help you understand your borrowing options, the deposit you may need and the information required for an agreement in principle. Once you find a home, we guide you through the mortgage application and explain what happens next.
Our first-time buyer advice includes applicants with straightforward salaries and people whose earnings need more explanation. We also offer specialist support for high-income first-time buyers.
Remortgages in Newbury
If your deal is nearing its end, we can help you review your next steps before it expires. Our remortgage advice looks at your circumstances, mortgage balance and the total cost of changing a deal, including any fees or early repayment charges. We can discuss switching lenders and whether an option from your existing lender is worth considering.
You may also want to change your term or explore borrowing for home improvements. We’ll explain the implications before you decide.
Mortgage services for your next move or investment
Moving home and letting your existing property
If you are moving home to or within Newbury, we can explore whether your current mortgage deal can move with you or whether a new arrangement is more suitable. Keeping your existing home to rent out raises different questions. Our let-to-buy advice covers the borrowing involved in letting one property while purchasing another.
Buy to let and specialist landlord mortgages
Our buy-to-let advice supports first-time landlords and people managing several properties. Tell us about the proposed letting, ownership and borrowing, and we’ll explore the appropriate options. We also advise on:
- Limited company buy-to-let mortgages for property held through a company.
- HMO mortgages for houses in multiple occupation.
- Multi-unit freehold block mortgages for multiple units within a single freehold block.
- Holiday-let mortgages where the planned use is short-term holiday accommodation.
Mortgages when your income or circumstances are less conventional
Our specialist mortgage services cover the circumstances below. These are available to discuss with our team when you are buying or refinancing in Newbury.
- Self-employed mortgages for sole traders, business owners and company directors.
- Contractor mortgages when your earnings come through contract work.
- Foreign income mortgages when some or all of your income is earned overseas.
- Foreign national mortgages where residency or visa status needs consideration.
- High-net-worth mortgages for more substantial or complicated borrowing requirements.
- Bad credit mortgages when your credit history affects the available choices.
- Joint borrower sole proprietor mortgages where another borrower helps support the mortgage without sharing ownership.
If you recognise your situation here, tell us what you need help with. You do not need to choose a mortgage type before speaking to an adviser.
Other ways we can help with your borrowing
Offset and second charge mortgages
We advise on offset mortgages, which link eligible savings to the mortgage for interest calculations. We can explain whether that arrangement may fit your finances. Our second-charge mortgage advice covers a separate loan secured against your property alongside the existing mortgage. We’ll discuss the costs, risks and alternatives before you decide how to borrow.
Equity release and retirement mortgages
For homeowners considering borrowing in later life, we offer lifetime mortgage and equity release advice and retirement interest-only mortgage advice. These work differently, so we explain how repayments, interest and the eventual repayment of the loan would affect you. Equity release is a long-term commitment and can reduce the value of your estate.
Insurance and protection
We can also review insurance and protection alongside your mortgage. Our services include life insurance, critical illness cover and income protection, as well as decreasing term assurance, level term assurance, relevant life assurance and family income benefit. We’ll explain the purpose of each option, what it covers and the conditions and exclusions.
Examples of our mortgage work across Berkshire
These published cases involve clients across Berkshire. They show the experience our team brings to enquiries from Newbury; individual circumstances and lending criteria will determine your own options.
A first purchase with a visa and a 10 per cent deposit
A first-time buyer in Berkshire had struggled to find a lender because of their visa status. Daniel reviewed their circumstances and helped identify a lender able to consider the application with their 10 per cent deposit. The client described receiving support by phone throughout.
A remortgage for a self-employed contractor in Wokingham
A contractor working through a limited company had been declined by a high-street lender after credit difficulties. We reviewed his income using his day rate and worked with a specialist lender to arrange his remortgage.
What our clients say
“The advice and support we received all the way through the process made it so clear, quick, and easy.”
Joseph A. Simmonds Mortgage Client. Read our client reviews.
How your mortgage conversation becomes an application
Start with a free initial chat about what you want to do and what is holding you up. We’ll explain how we can help, the likely information needed and any arrangement fee. Your adviser then researches suitable options, explains the recommendation and supports the application if you decide to proceed.
You can ask questions at any stage. If something needs a different approach, we’ll explain the reason and discuss what happens next.
Newbury mortgage questions answered
Do you have a mortgage advice office in Newbury?
Our office is in Wokingham at 22b Market Place, Berkshire, RG40 1AP. We serve clients in Newbury by phone, so you do not need to travel to begin discussing your options. If you would prefer to meet, contact us to discuss arrangements. Meetings are by appointment.
Are you an independent mortgage advisor serving Newbury?
Yes. Simmonds Mortgage Services is an independent mortgage broker, advising clients in Newbury and across Berkshire. We consider products from a range of lenders and explain our recommendation in the context of your circumstances. We’ll also explain the scope of our service and how we are paid. Being independent does not mean every product from every lender is available through us.
Who would help with my mortgage?
Our advisers include founder Andrew Simmonds and Daniel Temperley. Andrew’s experience includes complex income and later-life lending, while Daniel advises on residential purchases, remortgages and buy-to-let borrowing. Tell us about your plans when you enquire and we’ll arrange the appropriate adviser conversation.
How much does Simmonds charge?
Your initial chat is free. There may be a fee for arranging a mortgage, with the amount depending on your circumstances. Our typical mortgage arrangement fee is £499, paid once the offer is confirmed. For a lifetime mortgage, the typical fee is £799 at the same stage. We’ll confirm the fee that applies before you proceed, alongside the other mortgage costs you need to consider.
How much deposit will I need for a first home in Newbury?
The amount depends on the purchase price, the mortgage and your circumstances. Many standard mortgages require at least a 5 per cent deposit, although you may need more. For illustration, a £300,000 purchase would need £15,000 for a 5 per cent deposit or £30,000 for 10 per cent. This is a calculation, not a Newbury house-price estimate or a mortgage offer. Allow separately for buying costs, and speak to us about what may be available to you.
When should I start discussing a remortgage?
An initial review several months before your deal ends gives you time to explore the options. Around six months ahead can be a useful point to start, but the right timing depends on your current terms and the availability and validity of a new offer. We’ll check any early repayment charges and discuss the overall cost of changing your mortgage.
Can you help me buy a flat near Newbury station?
Yes, we can discuss the mortgage for a flat as well as a house. For a leasehold flat, information such as the remaining lease term, service charges and any relevant building issues helps us investigate lender requirements. Your solicitor will check the legal position. Include regular property charges and commuting costs when considering what monthly payment is comfortable.
Can you help with a new-build home in Newbury?
We can review your mortgage options for a new-build purchase. Tell us about the reservation deadline, expected completion date and any developer incentives at the outset. Your adviser can then check the lender requirements and the offer timescale. A completion delay may require updated information, an extension where available or a new application; the options depend on the lender.
Can I get a mortgage with self-employed or contractor income?
We help both self-employed applicants and contractors. The information required depends on how you work and how a lender assesses your income. We may need accounts, tax documents or contract details, alongside evidence of your deposit and commitments. Explain how your earnings are structured so we can explore lenders whose criteria may fit; there is no single income calculation that works for every application.
What if I work in London or receive overseas income?
Living in Newbury while working elsewhere does not remove the need to assess affordability in full. Tell us about your employment, regular travel costs and other commitments. If some of your income comes from overseas, we can investigate specialist options and explain the documents needed. Currency, employment arrangements and residency can affect which lenders are suitable.
Can you help if I want to keep my current home and move to Newbury?
We can discuss let-to-buy options if you intend to rent out your existing home while buying another. Both mortgages and the proposed rental income need consideration, along with the property’s intended use and the overall borrowing. Speak to us before assuming your current lender will allow you to let the property. Your solicitor or tax adviser can explain the separate tax implications.
What should I check when buying near the River Kennet or canal?
Ask your solicitor about the property searches and any flood-related findings. You can use the government’s long-term flood-risk service for an initial view of the surrounding area, but it does not predict whether an individual home will flood. Share any relevant findings with your mortgage adviser and insurer. Proximity to water alone does not tell you whether a property will be acceptable to a lender.
Can you help outside Newbury itself?
Yes. We can discuss mortgages for buyers and homeowners in nearby Thatcham and the surrounding West Berkshire villages, as well as across the wider county. Let us know the property location and what you need to do. Our Berkshire mortgage page gives an overview of the areas we serve.
Talk through your Newbury mortgage plans
You do not need all the answers before you call. Tell us about the property, your current mortgage or the part of the application that concerns you. We’ll explain where to start.
