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Your home may be repossessed if you do not keep up repayments on your mortgage.

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Includes online checklists, videos, downloads and tips - plus it is free to use and remembers your progress.

 
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Whole Market Access

You'll have access to the whole of the market as our home loan brokers aren't tied to any particular mortgage providers.

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FREE mortgage consultations &
Exclusive mortgage rates

Our mortgage consultants can access exclusive mortgage lending rates which are not available to you when applying direct (terms apply).

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With no need for face to face meetings you'll be called on the same day by one of our mortgage specialist brokers to discuss your circumstances and can support complex applications for Help to Buy, Right to Buy and Shared Ownership mortgages

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Impartial Mortgage Advice

You'll have access to the whole of the market as our mortgage brokers aren't tied to any one mortgage company.

How to get a mortgage - or remortgage - in Durham


Durham is a city and the county town of County Durham and is known for being rich in historical buildings. It is also a collegiate university town, like Oxford and Cambridge and the university is known worldwide for its academic excellence.

Its cathedral of St Cuthbert is the final resting place of the eponymous saint and dates back to Norman times. The city is also had a large trade union movement which developed originally in the 18th century.

Although the Industrial Revolution largely passed the city by, it was well known for carpet making and weaving. The Industrial Revolution, however, made great use of the extensive coalfields in Durham's vicinity. Durham University developed its colleges considerably in the mid-20th century.

The city has more than 630 listed buildings including Kepier Hospital and St Giles church, Gilesgate.

The mortgage application process has 4 stages regardless of which mortgage lender you use:

  • Approval in principal (AIP)
  • Mortgage in principal (MIP)
  • Mortgage valuation
  • Mortgage Offer

Read about the full mortgage process here - What is the mortgage process?

Mortgage Broker Tip 

You can boost your credit record by clever use of a prepaid credit builder credit card

You normally have to pay a monthly repayment sum, perhaps £5, and you'll have to keep up your repayments for 1 year.

When you've made all your repayments over the 12 months, the company issuing the card adds an entry to your credit file stating that you successfully repaid a debt. Additionally, you don't need a credit reference to take such a card out – this is because you're not borrowing on it.
Top Mortgage Lenders 

Mortgage Types

Mortgages can be examined in terms of whether they share one or more of the following characteristics (although the first two are 'either/or' choices):

  • Repayment or Interest-only
  • Fixed or variable rate
  • Offset
  • Help to Buy
  • 'Helper'

Residential mortgage applicants can only take out repayment mortgages whereas non-residential clients can also opt to take out interest-only mortgages.

Interest rates are either fixed for a period or track a particular rate, which always involves taking into account movements in the Bank of England's base rate. Offset mortgages look to offset interest made on savings against interest owed on a mortgage and thus make repayments cheaper.

Help to Buy mortgages are specific to the Government's Help to Buy scheme, in which you buy a New Build home from a Help to Buy agent, using an equity loan of up to 20% (40% for Help to Buy London) from the Government and a reduced (minimum 5%) deposit. They are smaller than normal in terms of loan to value ratios because they only have to cover up to 75% of the purchase price (up to 55% for Help to Buy London).

Helper mortgages describe mortgages where a mortgage applicant has the help of an associate (normally a close family member) in buying a home. The associate provides security that the loan will be paid back either by putting up their own home as collateral or by putting money into an account which the lender controls, which may not be able to touched for a number of years, or by devoting interest earned on a savings accounts to bring down the interest on the mortgage loan, making the mortgage cheaper to repay.
DH1 3RE

Property Price Stats for Durham


Average property price in Durham £134,934
% Change compared to last year 3%
Population of Durham 105,682 (2017)


The property price data is sourced from the Land Registry's UK House Price Index and you can view up to date property prices by clicking - Land Registry House Price Index >> Land-Registry

RECENTLY COMPLETED MOVES IN Durham

  • Victoria Road, Darlington, County Durham, United Kingdom, DL1 5SF
  • Chantry Place, West Rainton, County Durham DH4 6PP
  • Goodyear Crescent, Durham, County Durham, DH1 2EB
  • Silver St, Durham DH1 3RE
  • Cheveley Park, Belmont, Durham DH1 2AA

Local High Street Banks in Durham

Find a mortgage lender near you:
Some branches may have closed down - Call 0333 344 3234 for a Mortgage Broker covering Durham

  • Atom Bank - The Rivergreen Centre, Durham DH1 5TS
  • The Co-operative Bank - 29 High St, Durham DH1 3PL
  • TSB Bank - 33 High St, Durham DH1 3UL

Book a Free Mortgage Broker Consultation
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Appointments available today
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Mortgage Broker Tips for the Conveyancing Process

The trick is to order your property searches as soon as you instruct.

Searches can take some time to get back, namely the searches from the local authority. So you may find yourself all ready to exchange but not able to proceed because you are waiting for your searches to get back.

Being organised and booking your searches early can mean you get the essential information you need back to you and your solicitor as early as possible. 

Thereby you can make a fully informed, good decision about whether to proceed with your purchase in Durham or not.

Click to order your Property Searches