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Our Mortgage Broker Guide to getting a mortgage in Durham

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

    1
    Approval/Decision in Principal (AIP/DIP)
    2
    Mortgage in Principal (MIP)
    3
    Mortgage Valuation
    4
    Mortgage Offer

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

Mortgage Broker Durham Tip 1
Top Mortgage Lenders

Mortgage Broker Tip 1

Mortgage BrokerTip 2

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.

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.


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.

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

Mortgage Broker Durham - Recently Completed

  • 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

Mortgage Broker in and around Durham

Our Durham mortgage broker can help you with your mortgage app;lication locally or in any of the surrounding areas including Meadowfield, Ushaw Moor, Thornaby, Redmarshall, South Bank, Wolviston and Middlesbrough.

Which banks are local to you?


  • 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

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Our mortgage broker has access to the whole of the market as our home loan brokers aren't tied to any particular mortgage providers.

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Mortgage Brokers Durham offering free first consultation (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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You'll have access to the whole of the market as our mortgage brokers aren't tied to any one mortgage company.

Durham Mortgage Broker Insider Tips

Instruct a solicitor even before your offer has been accepted.

If you instruct a solicitor at the earliest possible time, once your offer on a Durham property is accepted, you will be ready to get things underway and the seller will see how intent you are on purchasing their property. 

By being organised you are indicating to the seller that you should be able to complete in good time and the process will be as smooth as possible, thereby potentially increasing your chance of success.

Click to get your FREE Fixed Fee Conveyancing Solicitors Quote* *Fixed Fee – No Sale No Fee – On all Major Lender Panels
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