Burger Menu

The Main Reasons People Decide To Move House in Sheffield

Home Mover Mortgage Advice in Sheffield

There are many reasons why some may choose to move home. That said, this article will highlight some of the most popular scenarios that we have seen as a mortgage broker in Sheffield:

More Living Space

Some borrowers look at wanting to move home simply because they wish to live somewhere bigger. It makes sense, considering that some first time buyers in Sheffield look for a smaller property to start small and then move when their circumstances change down the line, i.e. ready to settle down and start a family.

Another option to making more living space is to raise capital through a remortgage to build an extension/conversion. This option is popular amongst growing families.

Others choose to remortgage for home improvements to raise their property value for when they sell it in the future.

Change of Scenery

We also hear that some wanted a change of scenery and looking to move to a different area. These will likely be first time buyers again as they usually have a restricted budget and settle for an affordable property for a reasonable price. The chances are that these borrowers now have a higher income coming in that they can afford to live in a more affluent area.

Not everyone considers schools as they may have not even thought about starting a family yet. Those who have started a family or are planning to will always factor in accessible education within the area when they are looking at where to move.

Family & Friends

Some look at moving closer to their friends and family. If you have children at a young age and both parents work full-time then it is more than likely that you will ask their family to help them out with childcare as private nurseries can be costly.

Buying Vs Renting

Those looking to get on the property ladder will always consider buying over renting. That said, when it comes down to costs, no matter if you are renting or buying, the monthly payments are roughly the same, depending on the area, but you need to save up for a deposit.

As we mentioned before, if you prefer more living space but do not want the hassle of moving, then book your free mortgage appointment today to speak to one of our remortgage advisors in Sheffield, who will help you find a great deal to raise money for home improvements.

Speak to a Mortgage Advisor in Sheffield

Why hesitate? Book your free mortgage appointment now to speak to a Mortgage Advisor in Sheffield. Our mortgage advisors can calculate your maximum borrowing capacity and give you a quote on your monthly payments.

Even if you are looking at remortgaging, you can get in touch today, and we can pass you on to our expert remortgage Advisor in Sheffield, and they will be able to answer all of your mortgage enquiries.

Critical Illness Insurance Advice in Sheffield

What is critical illness cover? | MoneymanTV

Here’s our handy guide to understanding the importance of critical illness insurance — what it is, how it works and how it varies from other types of insurances. 

What is critical illness insurance?

Critical illness cover is insurance that pays you a lump sum if you are diagnosed with a particular illness. 

Critical illness provides financial support for you and your family while dealing with your diagnosis, allowing you to concentrate on getting better without worrying about how you will be able to pay the bills.

How does critical illness cover differ from life insurance?

As we stated earlier, critical illness cover helps support you and your loved ones financially if you’ve been diagnosed with a particular illness listed in your policy.

When you are diagnosed with a critical illness covered by your policy, you will receive a lump sum payment, which could help financially with bills/mortgage payments should you be unable to work.

Critical illness insurance doesn’t payout if you pass away. That is where life insurance comes in.

In most cases, life insurance only pays out if you pass away during the policy term. Taking out life insurance can act as a financial safety net to support your family in the event of your death. 

How much cover do you need? 

Policies can differ in terms of which illness they cover, and this all depends on which insurer you choose. It’s good to speak to a protection specialist in Sheffield, as they can advise you on which policy goes well with your circumstances.

Critical illness insurance is a lot more expensive than life cover because you are more likely to make a claim.

That said, ensure you disclose any underlying health problems when taking the policy to avoid the risk of your claim being denied.

Our Critical Illness Insurance advice service

We aim to provide equal opportunity to all our customers when taking insurance out through ourselves.

Here at Sheffieldmoneyman, we offer all of our customers a free, no-obligation protection review, which involves us looking at any existing policies you have in place and assessing their suitability. 

From this, we will look for critical illness, income protection and other mortgage protection insurance products that will meet your needs, and we will try and personalise this to your budget.

Planning to get a Mortgage in Sheffield

How to Plan & What to Expect

If you are considering buying a house, don’t be spontaneous. Taking out a mortgage requires careful planning and preparation over a long period. 

That said, you will be surprised at the number of people we deal with regularly, who are more accustomed to their buying behaviour and have therefore neglected to prepare for a mortgage in advance.

Many reasons why a first time buyer in Sheffield like yourself jump into such a significant financial commitment on a whim. Some of the most common including; 

  • I am buying from a family member who is now moving home.
  • My landlord decided to sell their property but offering me the first refusal.
  • I saw a for sale sign outside a house and am currently interested in buying.

The Drawbacks with not Planning for a Mortgage

Disadvantages include leaving buyers open to various potential issues with their mortgage. Some common mortgage hurdles we have faced with customers include:

  • Not having any savings or not having enough for the deposit (an easy solution could be a Gifted Deposit!)
  • Having a low credit score that went unchecked (I had no reason to check it at the time.)
  • Inconsistent bank accounting and overdrawn/late payments.
  • Being self employed in Sheffield and having poor recent accounts.

Saving for a Deposits

Savings can be pretty tricky. Especially if you are renting at the moment, balancing a constant income and significant outgoings and essential purchases each month limit what you can save in-between. 

The good news is that family members can help via the use of a Gifted Deposit. Some first time buyers in Sheffield ask family members to try and help whenever they can. If a family member is looking to help. We recommend it’s best to give them as much notice as possible to get their finances in order!

Credit Rating

Getting an up to date credit report is not an incredibly difficult task. You may have seen TV adverts for various credit reference agencies, but we recommend Check My File, as they can collate the data from these sources into one for you to compare.

Once you have downloaded your credit report, you can send it across to a mortgage advisor in Sheffield, who will look at this for you. We see these reports daily, and we know what sort of things the lenders like to see and what they do not want to see.

Bank Accounts

When a lender looks at your bank statements, lenders would rather not see lots of unnecessary bank charges or gambling transactions on your bank statements. You will need to provide the lender with a reasonable explanation as to what has been happening on your account and how you plan to resolve this going forward if any issues arise.

Self Employed

For customers who are self employed in Sheffield, we understand that Accountants try to minimise the tax liability for their customers. That said, if your year-end has come around, then there is nothing to stop you from submitting another set of accounts earlier than you might typically do. 

Especially if you think your business has grown in the last 12 months. Some lenders consider ignoring previous years’ figures if the latest ones are favourable.

No matter your circumstances! If you are still facing one of the problems above, it’s possible that we may be able to help you get in touch. Our team of expert mortgage advisors in Sheffield are here to try and help.

Gifted Deposit Mortgage Advice in Sheffield

How to get a mortgage with a gifted deposit?

First time buyers in Sheffield are relying on gifted deposits to get a mortgage. Find out what a gifted deposit is and how it can help your get onto the property ladder.

What is a Gifted Deposit? | MoneymanTV

While the market has gotten tighter with rules, making it more challenging than it used to be to obtain a mortgage. It can still be possible to buy a property in certain situations.

For example, after spending over three years in the same rental property from the local authority, be that a housing association or council. You may be eligible to buy a property under the Right-to-Buy Scheme in Sheffield. We have seen that they may allow you to use the equity from that property in place of a deposit in some cases.

In most cases, people get around the long and stressful process of saving up their deposit by being given a Gifted Deposit. A gifted deposit is when a homebuyer receives money to use as a down payment on a property. Depending on the amount given, it could be used for the whole deposit or just a portion of it.

Gifted Deposits FAQs

Who can gift the deposit?

Most lenders will have specifications on who can and cannot gift a deposit. If you consider buying a house with your parent’s money ‘bank of mum and dad’, this is the source of funds people often ask. Other family members such as grandparents and siblings are usually allowed.

That said, More distant family members such as aunties and uncles are much less likely to be permitted. A mortgage deposit gift from friends, meanwhile, is improbable to be accepted.

If you’re a parent looking to get your children on the property ladder, a gifted deposit is a good way of doing so!

If the person gifting to you is aged over 55, they may look to take out Equity Release in Sheffield as a means of gifting you a deposit.

Can it be a loan rather than a gift?

In most situations, it will need to be a gift, with the lender requiring that the donor sign a letter (which we can help prepare) to confirm the funds are non-refundable, and they will not put a “charge” on the property you are buying. There are exceptions out there, with at least one notable lender who will accept this.

That said, you must be careful, as taking out a personal loan just before applying for a mortgage will most likely negatively affect your credit score, which could lead to a mortgage application being rejected. 

Also, the mortgage lender will have to take the monthly payments for the loan when they are calculating how much they will lend you.

How much can be gifted for a deposit?

There is no maximum limit on the amount of gift you can receive. But most lenders will insist you put in at least a 5% deposit from your funds.

Are you looking for a Mortgage Advisor in Sheffield?

As an open and honest mortgage broker in Sheffield, we can utilise our extensive panel of lenders to search through 1000’s of Right-to-Buy Mortgage deals for you.

We aim to offer help and guidance during the process, answering any questions you may have along the way. We even aid with other services when necessary, such as conveyancing.

Single Mortgage Application When Married in Sheffield

Mortgage Advice in Sheffield

Applying for a mortgage as a single applicant whilst married is not uncommon. There are, several reasons that can justify applying for a mortgage in just one name, and some lenders will consider this arrangement. 

Reasons, why a single application can be more fitting than a joint mortgage, is if: 

  • Your partner has bad credit or a CCJ on their credit file. 
  • One applicant is unemployed. 
  • You’re using a deposit from your savings. 
  • Your partner already has a mortgage. 
  • One applicant has a much lower income than the other. 

There are many more reasons to get a sole mortgage when you’re married. Our mortgage advisors in Sheffield are available seven days a week to book you in for a free mortgage consultation and help you get started. 

Applying for a sole mortgage while still married 

Some lenders will only accept a joint mortgage if you’re married. However, there are lenders out there that will allow for sole applicants whilst married to get a mortgage.  

If you are looking to take out a mortgage in your sole name, you should contact a mortgage broker in Sheffield. We have been in the mortgage business for over two decades now, making us knowledgeable mortgage experts in the field. We can search through thousands of deals on your behalf, hopefully finding a mortgage to suit your circumstances. 

Our mortgage advisors in Sheffield will need to ask you specific questions about your reason for wanting a sole named mortgage. For example, if you do not wish to apply for a joint mortgage because your partner has bad credit, you both may be able to get a joint mortgage, as there may be lenders willing to put both names on the mortgage. 

Other reasons can include if you are looking to purchase a sole name mortgage for personal reasons, our advisors might be able to find lenders who are likely to approve. Most lenders are not comfortable with this arrangement because you’re purchasing a property for you and your partner. Lenders favour both applicants to be on the mortgage. This is to avoid possible conflicts in the future, especially if the couple were to divorce.  

Are you going through a divorce? 

If you’re separating from your partner or going through a divorce and looking at your mortgage options. You will find useful information here, divorce and separation mortgage advice in Sheffield.  

The best decision is to speak to a mortgage advisor in Sheffield, who can provide you with a more tailored answer regarding your circumstances. 

Mortgage advisors in Sheffield for married applicants 

Again, we highlight the importance of always seeking mortgage advice in Sheffield before applying for a mortgage, particularly if you’re married but want to get a mortgage in one name. 

Our mortgage advisors in Sheffield specialise in complex mortgage applications. If you are looking to purchase a property in your sole name whilst married, please don’t hesitate to contact us. Our specialist mortgage advisors in Sheffield have a wealth of knowledge and there is rarely a situation that they haven’t come across before. 

What is a Mortgage Agreement in Principle, and how can it help?

What is an Agreement in Principle? | MoneymanTV

What is an Agreement in Principle? 

An Agreement in Principle (AIP) is a statement or certificate from a lender to say that, in principle, they would lend you a certain amount and proves a First-Time Buyer in Sheffield like yourself that you are credit-worthy.  

If you are looking to get one, you need to get in touch and provide us with information about your mortgage needs and situation. Then, once we have processed your details, we can suggest how much you may be able to borrow. 

As a devoted mortgage broker in Sheffield, we can usually turn around an agreement in principle for you within 24 hours of your enquiry. Your Agreement in Principle can last anywhere between 30 and 90 days, depending on the lender. If your Agreement in Principle expires before you use it, it can be easily refreshed by speaking to your mortgage advisor in Sheffield. 

Does an Agreement in Principle affect my credit score? 

When applying for an Agreement in Principle, the lender will run a credit check to evaluate your eligibility. You will need to ask what level of credit survey they do. If the lender runs a hard credit search, it will leave a ‘footprint’ on your credit file visible to other lenders.  

A search footprint is a record left by a credit reference agency every time your credit report gets searched, either by yourself or by others. If there are a high number of hard searches in a short period, it can harm your credit score as it could signal that you’re struggling to get accepted by other lenders. 

However, if the lender has chosen to run a soft search, it won’t leave a footprint, and it won’t impact your credit score. 

Is an Agreement in Principle guaranteed? 

An AIP cannot guarantee that you will get a mortgage offer – you will still need to go through the entire mortgage application process when you find a property you want to buy, but this will help strengthen your chances.  

An AIP usually is valid for up to 30 – 90 days, and our mortgage adviser in Sheffield will be able to use the information as part of your mortgage application process. However, they will want to make sure the details are still correct.  

Some factors may affect the lender’s decision when making a complete application, such as their lending criteria or personal circumstances that have changed.  

Mortgage Broker in Sheffield – Our Service 

You may be a First Time Buyer in Sheffield, or you might be thinking of moving to the area and are looking for excellent mortgage advice. If this is your situation, we believe that you will benefit from our dedicated mortgage advice service in Sheffield. 

We offer a free initial mortgage consultation with one of our expert mortgage advisors in Sheffield, so please get in touch today and let us get the ball rolling on your mortgage application so that we can secure you an agreement in principle. 

Should I Transfer My Buy to Let (BTL) Property to my Limited Company?

Buy to Let Mortgage Advice in Sheffield

We often hear from customer enquiring if it’s it possible to exchange ownership of your property from your name(s), into the name of your limited company?

Buying as an SPV:

First of all, it is essential to know how a mortgage lender will approach purchases from Limited Companies. There are not many lenders that will accept Ltd Company applications through anything other than an SPV (Special Purpose Vehicle) Company.

An example of this is a company set up expressly to invest in properties like this. When registering your company, your registration will include a SIC (Standard Industrial Classification) Code that maps out the types of business in which the company will participate. Mortgage lenders usually would not accept applications from general trading companies that can trade in other areas.

For example, if you have a plumbing and heating company, you will need to set up an entirely separate company to own the properties in your Buy to Let portfolio instead of buying them through your plumbing company. The SIC codes typically accepted are 68100, 68201, 68209, 68320, though this varies depending on the lender.

To find out more information about SIC Codes, consult the Government here.

Advantages & Disadvantages

There are both advantages and disadvantages to purchasing a Buy to Let in Sheffield under an Ltd Company. For example, you will find that not all mortgage lenders will consider applications from SPV’s. Instead, they prefer to limit their lending to lone applicants or couples applying in their name(s). As such, individuals will find themselves with a broader range of products than those using SPV’s.

When it comes to the lenders who would lend to an SPV, the mortgage rates would also typically be much higher than the rates offered to individual applicants. A positive take away though, is that the way rental income is taxed has been changed in recent years, meaning that many people prefer the advantages generated by SPV ownership (relating to how payment is taken and how that income is taxed) as they more than makeup for any extra interest charges or lack of product choice.

The first thing we always recommend customers look at when evaluating your options of buying your portfolio under an SPV is speaking with a specialist tax advisor for advice. They will assess factors such as external income sources and the rate of personal income tax you pay, seeing how they will affect your overall tax status. This will help decide whether or not individual or SPV ownership is the way forward for you.

Should I transfer properties that I already own to an SPV?

As discussed, the main factor in your decision will be your tax position. This becomes a little more complex when you decide whether or not you want to transfer properties you already own from individual ownership to company ownership.

The problem here is that it isn’t just a simple transfer. This type of transaction is a change of legal ownership. Your Ltd Company is a separate corporate identity so that the transaction will be counted as a purchase from you as the individual to the SPV. Stamp duty charges, legal costs and new mortgage and valuation charges will be in full effect.

It’s important to remember that Limited Companies come with running expenses and legal obligations. That said, these may be offset by the possibility of tax-deductible costs or long-term tax benefits.

If a landlord is looking to increase their property portfolio, it would probably work better to keep the current property under their name and only use the SPV to buy any other properties. That way, you avoid any switching costs and unwanted legal fees for something you already own. That being said, each case is different, and you may find that the benefit of a switch far outweighs any of the downsides that come with it. It’s all depending on the circumstance.

As we’ve covered, this is a particular territory. If you are considering taking this route, please get in touch with an experienced and knowledgeable Buy to Let Mortgage Advisor in Sheffield

Here at Sheffieldmoneyman, we have many Buy to Let experts on hand who provide top quality mortgage advice in Sheffield, backed up by introductions to appropriately experienced accountants and solicitors as and when you need them.

To speak with a Mortgage Advisor in Sheffield, please Get in Touch and we will see how we can help.

A Guide to Remortgages in Sheffield: Top Reasons to Consider

The mortgage journey can be pretty rewarding in the long run. Though you might have faced several hurdles along the process, you are now at the end of your trip and now faced with making a decision. Call the property a home and settle down as a single homeowner or start a family, whereas others use this as a stepping stone to climb higher onto the property ladder or investment to help provide you with a boost in income.

Whichever pathway you choose, eventually, you will be approaching the end of your mortgage term and may find yourself in the position to sell up and upsize/downsize into a new property. You may even be in the market for selling your portfolio to the tenant(s); whatever the scenario, everything mentioned above all comes under one word ‘Remortgage’.

What is a Remortgage?

a Remortgage is where you take out a new mortgage on a property you already own to replace your existing mortgage or borrow money against your property value. There are many reasons people choose to remortgage, but one of the most popular scenarios is to Remortgage to find a better interest rate and save money. 

By utilising over 20 years of knowledge working in the mortgage industry, Director of Sheffieldmoneyman and Mortgage Advisor Malcolm Davidson is here to talk to you about all the opportunities for starting your Remortgage journey.

Remortgage For Better Interest Rates

The mortgage deal you start with will generally last somewhere within 2-5 years, featuring lower fixed rates or possibly discounted rates. We have seen in some cases where some lender may even put you on a tracker mortgage, a mortgage type that follows the Bank of England’s base rate.

When you reach the end part of your mortgage term, you will likely get placed on the lenders Standard Variable Rate (SVR). An SVR’s purpose is to increase or decrease this mortgage interest rate, depending on what the lender determines correct to charge you.

Be aware that this type of mortgage does not follow the Bank of England’s base rate like a tracker mortgage would do. As such, it can be a little more of a gamble, as the lender is not legally obligated to charge the amount that gets recommended.

Generally speaking, this type of Standard Variable Rates can be a more expensive route to take, so another look at their options to Remortgage for better rates. Potentially saving the homeowner with some money on their monthly repayments. 

Remortgage For Home Improvements

Once you’ve gotten through most of your initial term, you may feel like you need a extra room or a larger living space.

Some people choose to go down the route for a new kitchen, a new office, or even a loft conversion (which seem pretty popular these days). 

Though the idea of obtaining planning permission from a local authority and both funding and managing your project can be a daunting task. Some may argue it’s a lot less stressful and more rewarding than the process of house hunting, selling your property and move out.

As time passes by, this may prove even more to be a wise investment choice, as creating more space and having good quality craftsmanship will likely increase how much your home is worth. This is very useful if you ever decide to sell up or rent your house out to someone else.

Remortgage for Changes to Your Term

In some cases, some homeowners may wish to Remortgage in Sheffield to find themselves a better mortgage term, whether that be by reducing the length of the period in question or by switching to a more flexible product.

Doing this will mean you will be paying back your mortgage over a shorter amount of time so that you won’t be tied down for a large portion of your life. However, this route will also mean that your monthly repayments will be higher than they otherwise would’ve been. The general rule of thumb is that the longer your term, the lower the payments will be over time.

Many homeowners choose for their mortgage term to be a little more flexible when they take out a remortgage. It’s the benefits provided by this option that tend to sway homeowners more in its favour. Through this, you may gain the ability to overpay your mortgage.

This means you can pay your mortgage off quicker, as well as being able to carry the same mortgage and rates over to another property of your choosing, just in case you ever decide to find a new property at any point in the future.

Though a flexible mortgage sounds like it would be ideal for you, it will usually come in the form of a tracker mortgage. As discussed earlier, these mortgage types follow the Bank of England base rate. This means your payments could fluctuate based on interest, potentially making them a little unreliable when your monthly payments come around.

Equity Release

Every homeowner has some amount of equity in their home. How much exactly depends on factors. You can work it out by calculating the difference between what is still owed on the mortgage and the current amount your property is valued.

As mentioned earlier, equity can be used for home improvements, though that’s not all you’re limited to when it comes to using your equity. Some use their released equity to cover long-term care costs, supplement their income, have a holiday, pay off an interest-only mortgage, or have extra money to spend freely and treat themselves.

In the rare case, we find that Buy-to-Let landlords will use Equity Release as a means of covering their deposit for additional property portfolio purchases.

Remortgage to Consolidate Debt

Another big one that works in conjunction with Equity Release is releasing funds to pay off any unsecured debts that may have built up over time.

Though it may seem like a reasonably straightforward task, Debt Consolidation not only bases the amount on how much you’re owed and the value of the property, but it also factors in where your credit rating is currently at.

This could mean that whilst you may be able to use some money to cover these costs, you’re limited from the offset regarding how much they’ll even let you borrow.

To pay off your previous mortgage and your debts, you will need to borrow more than the mortgage amount that is remaining on your balance. Additionally, this will almost certainly mean that your monthly repayments will be higher than they were previously. Though not an ideal situation to find yourself in, you can at least rest assured that should you find yourself in need of a backup plan, and you do have some mortgage options to choose from.

If you happen to have a damaged credit rating, you may also still have a chance to obtain a mortgage, though this process will not be easy and requires very Specialist Remortgage Advice in Sheffield before you can even proceed. Even with a professional by your side, there is still no guarantee that this will even be something you can do.

When choosing to consolidate and secure any debts against your home, please always seek Mortgage Advice in Sheffield first.

Expert Mortgage Advisors in Sheffield

If you are at the end of your term and are looking at your home-owning and remortgage options, then don’t hesitate to Get in Touch with an open and honest mortgage broker in Sheffield today and our advisors, we’ll see how they could help.

A dedicated mortgage advisor in Sheffield will be able to discuss your circumstances and the best plan of action on your mortgage journey. Our aim as a mortgage broker in Sheffield to ensure a quicker and more straightforward process than your first mortgage.

What are the 7 best places to live in Sheffield?

The best areas to live in Sheffield

Are you a First Time Buyer in Sheffield looking to buy your first home and are undecided on a location? Have your living circumstances changed and you are looking at Moving Home into a new area in Sheffield? However, where are you going to move to?

To help sway your decision, we have come up with our top list of places to live in Sheffield.

1 – St Pauls

St Pauls is located right in the heart of the city. After receiving years of construction work and redevelopment, St Pauls has become one of the best places to reside in Yorkshire’s second-largest city.

In the city centre, you’ll find a whole range of brand new apartments to choose from, each with fantastic city views. Plus, everything you need is right at your fingertips, so you’ll never have to worry about transport, shopping, leisure etc.

The whole area has received a complete makeover; the work began during the mid-2000s and still isn’t fully complete! St Pauls has been transformed and modernised. They have converted old and deprived public buildings into huge, premium apartments.

St Pauls may not be the best fit for families, however, for new opportunities and working life, it remains one of the best places to live in Sheffield.

2 – Crookes

Crookes is located 1.5 miles North West of Sheffield’s city centre, and despite being on the outskirts of the city, it still holds up a great atmosphere for all ages.

The University of Sheffield is the midpoint between Crookes and the city centre, so as you can imagine, this area is very popular amongst students. You will find that there are a lot of student accommodation blocks and houses dotted around the local area.

Despite holding a lot of students, Crookes is also well-loved by families. This is down to the wide variety of housing choices with reasonable prices, accessibility into the city, local amenities and educational institutions.

If you love getting your daily dose of exercise, you will love Crookes! There are a number of different parks in the local area, the most popular include Crookes Valley, Ponderosa and Weston Park.

3 – Walkley

Neighbouring Crookes, in at the number 3 spot, is Walkley. Walkley is a vibrant and popular area to reside in Sheffield.

The types of housing available are very similar to those in Crookes, however, they are more affordable in Walkley. Some people would say that the area is more suited to family life, for example, locating further away from the university has reduced the number of students living in the area. If the reason to why you are Moving Home in Sheffield is that you are planning on starting a family, you should know that Walkley has 5 local primary schools and is home to the Notre Dam High School which has an ‘Outstanding’ rating from Ofsted.

Walkley is also a great area for First Time Buyers in Sheffield; from terraced to semi-detached housing, we are sure that you will find something that is for you.

4 – Fulwood

Fulwood is a little further out than Crookes and Walkley, it sits 3 miles west of the city centre. Living this far out will allow you to experience the peaceful suburban life yet still get a taste of the city.

Fulwood thrives on its city views; being on higher land allows you to see the whole of Sheffield in certain parts. The local area is also surrounded by walks and activities for the family so that you will never run out of things to do. We can’t forget about social life though, the area is filled with local pubs, clubs and live music venues.

If you have plans to start a family or already have children, you should know that Fulwood is home to a number of fantastic primary schools. Fulwood is a great suburban location for your children to grow up.

With Fulwood being a popular place on the property market, you are going to expect higher housing prices. As a Mortgage Broker in Sheffield, we can say that usually the further out you go, the higher the housing prices.

5 – Dore

Sheffield’s Dore holds some of the most expensive property listings in the city, however, they are outstanding! So, if you have the money and are prepared to pay the asking price, you should consider Dore as a place to move to in Sheffield.

Dore’s reputation is very high, everyone seems to adore this small suburban village. Lots of families live in Dore too, it’s a great place to raise your children as there are two great local schools: Birkdale Primary School and Sheffield High.

In terms of transport links, you can get a train into the city from Dore’s train station in less ten minutes, so if you work in the city you don’t have to worry about getting yourself there.

We know that being surrounded by city noise is not always everyone’s cup of tea, so if you like your quiet walks and local pubs, Dore could be for you.

6 – Hillsborough

Hillsborough is a very popular suburb in Sheffield, this is shown in its population total of 18,600. Living in Hillsborough will put you face to face with city life and provide a great day-to-day atmosphere.

If you are looking to settle down with your family, there are lots of schools nearby, so take your pick. As a Mortgage Broker in Sheffield, we understand that your children’s education is important, and that’s why we recommend Hillsborough for families as there are plenty of choices available.

Hillsborough is also home to Sheffield Wednesday’s football stadium, so if you are a fan of the sport, this location may work perfectly for you. There are tonnes of local shops, bars and restaurants at your leisure too. If you want to journey into the city, you should know that Hillsborough is great for its transport links, you can travel into the city within 10 minutes via bus, tram, train, car, taxi… you name it!

In Hillsborough, the average house price currently sits around the £160,000 mark (as of October 2020), which isn’t too expensive. In fact, Hillsborough offers some of the lowest house prices in Sheffield.

7 – Ecclesall

Last but not least is Ecclesall. Ecclesall sits right between Dore and Fulwood and is actually believed to be one of the best areas to live in Sheffield.

From it’s vibrant cafes to delicious restaurants, you will always find something to do in Ecclesall. Everything is within walking distance too, even the city centre isn’t really that far away.

You’ll find that all different types of people live around Ecclesall, a lot of students reside in the area but on the other hand, lots of families do too. You’ll find a bit of everything in Ecclesall, the trendy area is also becoming a popular location for First Time Buyers in Sheffield.

Supported by excellent housing prices, Ecclesall is a great place to live in Sheffield. Make sure that you don’t sweep this option under the rug.

First Time Buyer Mortgage Advice in Sheffield

Are you thinking of buying your first home or moving home in Sheffield and need Mortgage Advice? If so, Sheffieldmoneyman is here to help!

20 years of experience within the mortgage industry has allowed us to access great mortgage deals. We will go through thousands of these deals and pick out one that perfectly matches your personal and financial situation. Your mortgage journey is made easy with Sheffieldmoneyman – your Mortgage Broker in Sheffield.

To speak to a First Time Buyer or Moving Home Mortgage Advisor in Sheffield, get in touch today and receive a free mortgage consultation. We know that the mortgage process can be stressful and that’s why we want to offer a helping hand. We would love to hear from you and assist you on you in the world of mortgages.

Why use a Mortgage Broker?

Purchase & Remortgage Advice in Sheffield

Home Movers and First Time Buyers in Sheffield use a Mortgage Broker (Mortgage Advisor) to help the process of purchasing a home go as smoothly as possible. Buying a home can be a very stressful experience, and our customers like to know they have got someone reliable on their side on hand to answer all their questions and queries. 

Your Dedicated Mortgage Advisor in Sheffield will ensure you obtain the most suited mortgage to match your circumstances. We will recommend the most suitable mortgage for you and package your application to the Lender in such a way to give it the best chance of success. The same rules apply when you come to Remortgage too, we like to know our customers are on the most affordable deal for the entire term of the mortgage. 

Keeping you informed during your journey

We think talking to a Mortgage Advisor in Sheffield early on in the process is a good idea. We can help you work out what you can afford to pay and also how much the different Lenders will let you borrow. You would be surprised by the vast differences between Mortgage Lenders when it comes to the maximum mortgage available. Knowing what you can afford well in advance of making an application helps you avoid disappointment. 

Communication also plays a large part. We like to keep our customers informed about their application’s progress by email, so you know things are moving forward. It’s good to know that we are also at the end of the phone when you need us.

No Ties to Estate Agents, Banks or Building Societies

Mortgage Brokers work for the customer, not the Lender. This is important to note because we are in your corner sometimes having to argue the strengths of an application to ensure it goes through. We know our customer’s financial situation inside out, and by requesting and checking your proof of income and bank statements well in advance of a Lender seeing them, we look to avoid any potential hurdles before we hit them carefully. 

If you need help you choose the right type of survey for your transaction and instruct a Solicitor on your behalf to carry out the legal aspects of your transaction. We are experts in completing application forms on behalf of our clients to ensure accuracy and give your application the best chance of completion.

Building Customer Relationships

Finally, a great Mortgage Advisor will love to build up an ongoing relationship with a client. It can often start with an affordability assessment and Agreement in Principle before even finding a house. Even after the purchase is complete, we keep regular contact via email and re-engage by phone running up to the initial mortgage product coming to its end. We then compare the market on your behalf once again to obtain the best remortgage deal available. 

Sheffieldmoneyman.com & Sheffieldmoneyman are trading styles of UK Moneyman Limited, which is authorised and regulated by the Financial Conduct Authority.
UK Moneyman Limited is authorised and regulated by the Financial Conduct Authority.
UK Moneyman Limited registered in England, registered number 6789312 and registered office 10 Consort Court, Hull, HU9 1PU.

© 2021 Sheffieldmoneyman

Sheffieldmoneyman, Courtwood House, Silver Street Head, Sheffield, S1 2DD.

Moneyman Logo







Moneyman Logo




Moneyman Logo







Moneyman Logo

Book your Free Consultation

7 Days 8am - 10pm

Moneyman Logo

Moneyman Logo

Moneyman Logo

Ask Your Question





    Moneyman Logo