Mortgage Brokers in Newcastle and Tyne and Wear

Get The Best Mortgage Deals in Newcastle, Tyne and Wear, and the North East area.

When it comes to Newcastle’s property market, there are a diverse range of options for homebuyers and investors.

Known for its vibrant city centre, as well as its leafy, metro-connected suburbs and surrounding towns, there is a variety of popular locations to consider when buying property in Newcastle.

So whether you are looking for a hip city-centre flat or a historic countryside home, Newcastle and the North East  has options to suit every buyer.

0333 414 1491

Apply for a Mortgage Below

*UK Property Only | *Minimum Age 21

  • By submitting this form I agree to being contacted by Mortgage Advice Bureau and I have read and accept the Terms and Conditions.

Our Partner Lenders

How Much Deposit Do I Need for a Mortgage in Newcastle?

Over the last year, properties in Newcastle had an overall average price of £215, 911.  Generally, lenders in Newcastle expect a deposit of at least 5-20% of the property’s purchase price. This means that you will need a deposit of between £10,795.55 and £43,182.20, on average.

Saving for a higher deposit can lead to more favourable interest rates and mortgage terms, so it is often a better idea to save closer to 20% of the home’s full value. However, this sum will depend on the price of your property as well as other factors including how much money the bank is willing to lend you.

What Are the Costs Associated With Getting a Mortgage in Newcastle?

When obtaining a mortgage in Newcastle, there are several costs to consider, including:

  • Arrangement fees
  • Valuation fees
  • Legal fees
  • Stamp duty land tax (if applicable). 
  • Monthly mortgage payments
  • Insurance premiums
  • Maintenance expenses for the property.

What Types of Mortgages Are Available in Newcastle?

In Newcastle, you can find various types of mortgages, including:

  • Fixed-rate mortgages
  • Adjustable-rate mortgages
  • Interest-only mortgages
  • Government-backed mortgages such as those offered by the Help to Buy scheme. 

There are advantages and considerations with each type, so take the time to understand the terms and conditions associated with each mortgage type before making a decision.

what is a bridging loan

Speak to Octagon Capital on 0333 414 1491 for bridging loans at a range of different LTVs.

How Can I Qualify for a Mortgage in Newcastle?

Each lender may have different criteria and requirements, but in general, to qualify for a mortgage in Newcastle, lenders generally consider factors such as:

  • Your employment history
  • Your current income
  • Your credit score
  • The value of the property you intend to purchase
  • Your debt-to-income

How Long Does It Take To Complete a Mortgage Process in Newcastle?

It can take anywhere from several weeks to a few months to complete the entire mortgage process in Newcastle, from initial application to final approval and disbursement of funds.

However, it can vary depending on several factors, including the lender’s processes, your financial circumstances, and the complexity of the transaction.

Is Newcastle a Good Place to Buy a Home?

Newcastle is considered a good place to buy a home for many reasons. It offers a thriving cultural scene, exciting nightlife, a range of excellent educational institutions (from primary to higher-ed), and diverse employment opportunities.

Newcastle’s rich history, abundant green spaces, and affordable property prices make it an attractive choice for buyers.

However, individual preferences may vary, so you should consider taking the time to research the local market, visit the area, and determine if Newcastle aligns with your specific needs and aspirations.

What Are the Advantages of Buying a Home in Newcastle?

Buying a home in Newcastle has several advantages. The city boasts a thriving city centre with shopping and entertainment options, world-famous nightlife, and a range of housing choices to suit different budgets and preferences. 

Newcastle’s central location in the North East provides easy access to other major cities as well a scenic countryside areas. 

Will the Newcastle Government Help to Pay My Mortgage?

Yes, there are government schemes available in Newcastle to help with mortgage affordability. The Help to Buy scheme, mentioned earlier, is one such program that provides assistance to eligible buyers in purchasing a property. 

Newcastle City Council and local housing associations may also offer support or affordable housing options that can help make mortgages more accessible to certain individuals or families.

Can I Buy a Property in Newcastle as a Foreign National or Non-UK Resident?

Yes, it is possible for foreign nationals or non-UK residents to buy a property in Newcastle. However, there may be additional requirements and restrictions depending on your residency status. It’s advisable to consult with mortgage advisors and legal professionals who specialise in assisting non-UK residents to navigate the process and understand the specific eligibility criteria and documentation needed.

What Are Some Popular Locations to Consider for a Mortgage in Newcastle?

Newcastle offers a variety of neighbourhoods and areas that are popular for obtaining mortgages. Each area has its own unique characteristics and amenities, so it’s important to research and visit different neighbourhoods to find the one that suits your preferences and budget. Some sought-after locations in and around Newcastle include:

  • Gosforth
  • Heaton
  • High Heaton
  • Jesmond
  • Kenton
  • Lemington
  • Longbenton
  • Benton
  • Byker
  • Elswick
  • Kingston Park
  • Ouseburn
  • Sandyford
  • Walker

How Can I Find the Best Mortgage Rates in Newcastle?

To find the best mortgage rates in Newcastle, you should compare offers from multiple lenders. You can start by researching and contacting different banks, building societies, and mortgage brokers operating in Newcastle.

Online mortgage comparison websites can also be helpful in comparing rates and terms and can even put you in contact with special deals.

To explore your options with a member of our dedicated team, call us on 0333 414 1491 or email


A maximum fee of 1% of the loan amount is payable – for example on a mortgage of £100,000 the fee would be £1,000, the exact fee will be dependent on your circumstances. For Bridging Finance where the net loan amount is £150,000 or below, the maximum fee charged is £1,995.

SPF Short Term Finance is a trading style of SPF Private Clients Limited which is authorised and regulated by the Financial Conduct Authority (FCA).