4 of the best mortgage brokers in Newcastle

• Fees: Selection is based on transparency of fee structures, whether brokers operate on a fee-free basis or charge a flat rate.

• Range of Lenders: Focus is placed on independent brokers with broad market access to ensure a diverse range of lending options.

• Customer Service: Priority is given to firms that offer clear guidance and consistent client care throughout the application process.

• Experience: Established advisors capable of handling complex borrowing scenarios efficiently are selected.

Securing a mortgage can be a challenging process, characterised by fluctuating rates and complex underwriting criteria. Engaging an experienced mortgage broker is often the most effective way to navigate the market and secure a competitive deal.

To assist in the search, the leading mortgage brokers in Newcastle have been evaluated on credentials, lender networks, and client feedback.

How much do mortgage brokers charge in Newcastle?

Most mortgage brokers in Newcastle do not charge clients directly, as they receive a commission from the lender. Where broker fees apply, they typically range from £395 to £495, though complex cases can cost £500 to £1,000 or more.

1. First Mortgage NE

Phone: +44 191 261 7114 Business hours:

• Monday to Thursday: 9 am to 5:30 pm
• Friday to Saturday: 9 am to 5 pm
• Sunday: Closed

Website

A primary advantage of First Mortgage NE is its fee-free model. Funded by lender commissions, the firm provides expert advice without upfront costs to the client.

This structure is highly suitable for first-time buyers or those working with tight budgets.

The brokerage conducts thorough market searches to identify competitive products tailored to the client's circumstances.

The "Best in Market" £500 guarantee highlights the firm's confidence in its sourcing capabilities.

Clients benefit from comprehensive administrative support. The team manages paperwork, coordinates with surveyors and solicitors, and assists with insurance arrangements and digital portal setup.

However, client experiences can vary depending on the specific advisor assigned. While many clients report high responsiveness, some note occasional delays in email communication and follow-ups.

First Mortgage was excellent from start to finish

_“First Mortgage was excellent from start to finish. The initial meeting with Carol Gavin on helping me with my move to Liverpool was great. The communication and support were always there when needed during what can feel at times a stressful time, but both Carol and Sue Hanlon were really supportive and helped the smooth transition through the process into my new home, which I have now been in for a few weeks. Anyone who is considering a move to Liverpool First Mortgage would be a great team to use.

Thank you to Carol and Sue for your continued support throughout the move.”_

Jordan Wimpenny, Google review

They made the whole thing so easy for me

“I had a brilliant experience with First Mortgage NE. Leon had me set up on their online portal, got me an agreement in principle and set up my appointment all within a few hours of me getting in touch. Wendy found my lender the same afternoon we spoke, and Jo kept me updated throughout. I was a first-time buyer using a shared equity scheme, and they made the whole thing so easy for me. Mick even arranged my insurance! I can’t thank them enough and will definitely be recommending them to anyone applying for a mortgage.”

Jade R., Google review

2. Innovate Mortgages and Loans

Phone: +44 191 284 3723 Business hours:

• Monday to Friday: 8 am to 6 pm
• Saturday to Sunday: Closed

Website

With over 80 years of combined industry experience, the team at Innovate Mortgages and Loans possesses extensive market expertise.

The brokers access a wide spectrum of lenders, including high-street banks and niche specialists, offering clients a broader selection of products than is available directly.

The advisory process involves clear explanations, document organisation support, and tailored financial guidance.

The team demonstrates high commitment, with advisors handling client requirements outside traditional office environments when urgent deadlines arise.

Specialist expertise is available for clients with complex requirements, such as adverse credit or non-standard income structures.

Fees are transparent and discussed upfront. Standard residential applications incur a fee of approximately £345, rising to £495 for complex cases, with initial consultations provided free of charge.

However, borrowers specifically seeking a fee-free service may prefer to consider alternative brokerages.

We will most definitely be using this company again

“We couldn’t recommend Paul more highly - he was so helpful and reassuring throughout the process of securing our first mortgage. He was endlessly patient and kind in the months leading up to us making an offer, and was always happy to offer guidance and advice. We will most definitely be using this company again. Thank you!”

Miranda Peake, Google review

Honest & transparent with no hassle the whole way through

“When my mortgage rate was coming to an end, I wasn’t holding out much hope of getting another decent deal. I was very pleasantly surprised with what Innovate Mortgages managed to offer me. A few options with fantastic advice. Honest & transparent with no hassle the whole way through. Explained clearly and simply. I could not recommend Tony & Paul enough. Thank you so much.”

Debbie Brown, Google review

3. Northern Standard Mortgages

Phone: +44 191 625 9300 Business hours:

• Monday to Thursday: 9 am to 8 pm
• Friday: 9 am to 5 pm
• Saturday: 10 am to 4 pm
• Sunday: Closed

Website

Northern Standard Mortgages manages a comprehensive range of residential borrowing needs, including first-time purchases, home moves, remortgages, and additional borrowing.

The brokerage works with deposit levels down to 5% for qualified applicants, assisting buyers with smaller down payments.

Advisors conduct detailed financial reviews of income, budgets, and existing liabilities to identify products aligned with individual needs.

The firm's buy-to-let services support both individual landlords and limited companies, highlighting professional standards by recommending independent tax consultations.

The business also operates a referral scheme, providing rewards for successful client recommendations.

However, standard fee structures are not detailed on the firm's public platform, though costs are confirmed prior to instructing the broker.

He went above and beyond to find the best mortgage options for me

“Nicky is amazing! From the get-go, he was super helpful, explaining everything clearly and making sure I understood each step. He went above and beyond to find the best mortgage options for me, and his communication was spot-on throughout the entire process. Honestly, I couldn’t have asked for a better mortgage advisor. Thanks to Nicky, the whole experience was smooth and stress-free. I highly recommend Northern Standard Mortgages.”

Nauman Ahmad, Google review

His knowledge gave us the best possible rate and mortgage offer

_“I couldn’t recommend Nicky Ling from Northern Standard Mortgages enough. From start to finish, he has been a lifesaver and the best adviser we could have asked for. He has always remained stoic, professional, friendly and efficient. It was my first time buying a house, and it felt overwhelming in the beginning. He was patient and had an extensive knowledge of the industry, which gave us the best possible rate and mortgage offer. Communication was immaculate, and I knew what was happening at every stage of the process. He took care of absolutely everything.

Nicky goes the extra mile and is an asset to the company. I would more than happily and confidently recommend him to anyone who wants the smoothest and easiest experience in buying their home. Words can’t describe how thankful I am for Nicky’s support and Northern Standard Mortgages’ quality of service. Thank you so much!!!”_

Sofia Feghali, Google review

4. Magnetic Mortgage Solutions

Phone: +44 191 323 4568 Business hours:

• Monday to Thursday: 8:30 am to 8 pm
• Friday: 8:30 am to 6 pm
• Saturday: 9 am to 1 pm
• Sunday: Closed

Website

Magnetic Mortgage Solutions focuses on simplifying the borrowing process. The team provides clear explanations in person and publishes educational video content online to help clients make informed decisions.

The service is highly flexible, supporting first-time buyers, home movers, downsizers, and individuals with complex borrowing requirements.

The fee structure is transparent, with residential remortgages starting at £199 and purchases at £399, adjusted based on case complexity.

This upfront pricing model provides clarity from the outset, though simple cases may be more cost-effectively managed by fee-free brokers.

Furthermore, the firm provides ongoing support post-completion, assisting clients with future lender switches, equity release, and rate monitoring to ensure ongoing value.

He made the entire process much smoother and less stressful for us

“As first-time buyers, Niall has been excellent in guiding us through the house-buying journey. From start to finish, he made the entire process much smoother and less stressful for us. Niall is very professional and knowledgeable with mortgages and even managed to find us a better rate a month into working with him. He is incredibly responsive, keeping us informed every step of the way and always available to address any questions or concerns, which is reassuring. I would highly recommend his services.”

Adam, Google review

I highly recommend his services

“Christian is a friendly guy and a great communicator. He helped me purchase a house of multiple occupancy and remortgage a buy-to-let. We had issues when trying to get both of these mortgages sorted, but he went above and beyond to make sure we got them over the line. I highly recommend his services.”

Conor Holmes, Google review

Related articles