FAQ's

As a local broker, we have in-depth knowledge of Oxford's property market, enabling us to provide personalized advice and access to exclusive deals not available through national lenders

We can typically secure an Agreement in Principle within 1–48 hours, depending on your circumstances.

Yes, we work with lenders offering 5% deposit mortgages and can advise on schemes like Shared Ownership to help you get on the property ladder

Absolutely. We specialize in securing mortgages for self-employed clients, even with just 1–2 years of accounts.

Proof of ID (passport or driving license) Recent payslips (last 3 months) Bank statements Proof of deposit For self-employed: 2–3 years of tax overviews and SA302s

Legal fees Valuation/survey fees Mortgage arrangement fees Stamp Duty (if applicable) Moving costs Home setup expenses

On average, a mortgage can take 2 weeks to complete from application to offer, depending on the complexity of the case. At Drummonds Finance Group, we often secure a mortgage offers faster than 2 weeks for straightforward applications with all documents ready. Factors that can speed up the process include: Fast responses from the client Clear credit history Prompt valuations and solicitor work We work closely with lenders, valuers, and solicitors to keep things moving and minimise delays wherever possible.

Yes, Oxford is widely regarded as one of the best places to invest in property in the UK. It boasts a strong local economy, world-class educational institutions, a vibrant cultural scene, and excellent transport links. The demand for housing in Oxford remains high due to its university population, medical and research centres, and proximity to London. Whether you're a first-time buyer, a home mover, or a buy-to-let investor, Oxford offers long-term value and strong rental potential.

While no one can predict the market with complete certainty, Oxford’s housing market has shown consistent long-term growth. Limited housing supply, a high volume of renters, and ongoing demand from students, professionals, and commuters support future price resilience. Economic forecasts and local development plans indicate that prices in Oxford are likely to continue rising over time, especially in well-connected and sought-after areas.

As of 2025, the average house price in Oxford is approximately £525,000, though this varies widely depending on the area and property type. Flats typically range from £275,000 to £400,000 Terraced homes average around £500,000 Detached houses often exceed £800,000 Premium areas like Jericho, Summertown, and Headington command even higher prices.

Proximity to transport links – access to Oxford Parkway or mainline rail for London commuters can affect value. School catchment areas – top-rated schools like Cherwell School and Oxford High can increase demand. Leasehold vs. Freehold – many central Oxford flats are leasehold, so always check the remaining term and service charges. Flood zones – some areas near the River Thames or Cherwell may carry flood risks. Planning and development – check the Local Plan to see if any major changes or developments could affect the area.

A mortgage broker in Oxford helps clients assess affordability, compare mortgage options across multiple lenders, and manage the application process from start to finish. This includes advising on lender criteria, income assessment, and suitability based on local property prices.

Using a mortgage broker can be beneficial because brokers compare mortgages across a wider range of lenders, not just one bank. This can be particularly helpful where affordability, income structure, or property type requires specialist lender selection.

Yes. A previous mortgage decline does not always mean borrowing is impossible. A broker can review why the application was declined and identify lenders whose criteria may be more suitable.

Many buyers speak to a mortgage broker before viewing properties. Early advice helps establish a realistic budget and can strengthen an offer in competitive local markets such as Oxford.

Yes. Mortgage brokers assess affordability using lender specific criteria, taking into account income, outgoings, credit commitments, and stress testing. This can differ significantly between lenders.

Yes. Mortgage brokers often help first time buyers understand deposit requirements, borrowing limits, and the steps involved in applying for a mortgage, particularly in higher priced are

Many mortgage brokers advise on buy to let mortgages, including limited company and HMO lending, subject to lender criteria and rental assessment.