Specialist Mortgage Advice in Sheffield

Are you in Complex Mortgage Scenario in Sheffield

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Declined by the Bank? We Might be Able to Help!

Often, getting a mortgage is not always easy and can involve thinking “outside the box” a little. As an experienced Mortgage Broker in Sheffield, we know how to get by almost every complicated mortgage situation!


Speak to a Specialist Mortgage Advisor in Sheffield

We work with a large number of mortgage companies that have lots of deals that cater to various mortgage situations.


Having a Specialist Mortgage Advisor in Sheffield on your side when you are looking to do something slightly unusual will most certainly prove to be highly beneficial to you.


It’s our job to work for you and to find you the most suitable mortgage deal for your individual situation.


Complex Mortgage Situation in Sheffield?


We usually receive calls from customers in Sheffield who have been turned away at the last minute from a high street bank.  Often, these customers can be weeks into the mortgage application process and then get turned away for one reason or another. Usually, the issue should have been picked up by the bank’s mortgage advisor at the outset.


Our customers can often lose money and/or their property as a result of the mistake, which causes stress and frustration. Without being 100% sure of lending criteria before your application you could be jeopardising your chances of getting a mortgage altogether. It’s not always easy!


Rest assured, we are very experienced dealing with clients in complex situations so we’d love to hear from you. Why not give Sheffieldmoneyman, your Specialist Mortgage Broker in Sheffield a try?


How does it work?Get a quote nowMeet your advisor

We search 1000s of mortgage deals across a large number of lenders, including:

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An In-Depth Look at Specialist Mortgage Scenarios

When a mortgage applicant is going through a particularly tough time with their mortgage and is finding it difficult to get accepted by a lender, we will always be ready and willing to help them with arms wide open.


As a trusted and experienced mortgage broker in Sheffield, we have had spoken with a large variety of different customers over the years, all with varying mortgage scenarios. Here is a more in-depth look at some of these mortgage scenarios:


Property Down Valuation

If you’ve had a property survey carried out on the property and you then find out that the offer you put forward and had accepted is actually above the market value of the property, this is a Property Down Valuation.


Though not completely impossible, it’s incredibly likely that your lender will pull out of the deal. This can change if you are able to make up the difference between your offer and the properties true value.


Divorce & Separation Mortgage Advice

If you happen to be going through a divorce or separation, it can be difficult enough to sort out what happens next. This is even more the case if you are tied into a mortgage together. It is crucial to sort this out sooner rather than later, as it can be very complicated if you leave it too long.


Remove a Person From a Mortgage

Further from the latter mortgage scenario, if you are going through a divorce or separation, you may wish to remove your own name or your ex-partner’s name from your mortgage. You will be limited with your options depending on both of your levels of financial stability, as well as your affordability based now on only one lot of income.


Single Name Mortgages for Married Applicants

If you’re married and looking to obtain a mortgage on you and your partner’s home, a mortgage lender would definitely prefer for both applicants to be named on the mortgage, though if you would rather take out the mortgage in only one name, you may still be able to do this.


Shared Ownership

The Shared Ownership Scheme is a great tool that allows mortgage applicants to take out a mortgage on only a percentage of the property, as a share. This is typically between 25%-75%. Whoever owns the remaining share, likely a local authority, you will pay them back in rent alongside your own payment.


Professional Mortgages

Professional mortgages are only accessible to very specific professions. This is a niche section of the mortgage market and as such we would highly recommend getting in touch with a specialist like ourselves for more information on this.


Second Home Mortgages

If you are planning to take out a mortgage on a additional property, you will need to provide evidence that you are financially stable enough to cover the costs of two mortgage payments. We are able to help you prepare for this.


Holiday Home/Let Mortgages

Holiday lets work very similar to buy to let properties, however, you won’t have a tenant in there all the time, potentially even having an empty home altogether during off-seasons. As such, lenders need to have complete confidence that you’ll be able to afford your mortgage payments at all times, whether the property is occupied or not.


New Build Mortgages

New builds can often be more expensive to invest in than properties from previous generations. If you’re struggling to save up for your initial deposit, you might find solace in using the government’s Help to Buy Equity Loan Scheme as a means of getting onto the property ladder.


Non-Standard Construction Property Mortgages

A ‘non-standard’ property is a property that is not built from standard building materials like bricks or mortar. In order to take out a mortgage on something like this, you will need a very specialist mortgage product. We also highly suggest that you get a full structural property survey if you’re looking to buy a property that falls into this category.


Multiple Applicant/House of Multiple Occupation Mortgages

HMO mortgages are essentially buy to lets with 4-6 tenants, such as the sort that you would see used for student housing. HMOs are often very difficult to work with. We would recommend that you obtain specialist buy to let mortgage advice in Sheffield if you’re looking at stepping into the world of HMOs.


Mortgages Past Retirement Date/Lifetime Mortgages

You may have the option to release the equity that you’ve built up in your home and convert that into cash by way of taking out a lifetime mortgage. We would recommend that you get in touch for specialist help if this sounds like something you would like to do with your home.


Offset Mortgages

Offset mortgages links up a savings account to your mortgage. Taking one out could possibly be a good way of helping you access competitive interest rates and mortgage products.

Do you require a specialist mortgage advisor in Sheffield?

Here at Sheffieldmoneyman we have a wide variety of specialist mortgage lenders on panel, each who have their own unique mortgage lending criteria for customers to be matched up against.


Our trusted team of mortgage advisors in Sheffield are able to use their extensive knowledge and experience that we have gathered over our two decades of service as a mortgage broker, in order to recommend to our customers the most appropriate mortgage deal for their personal and financial situation.


If you are worried about your credit score, then you should absolutely look to obtain an up-to-date copy of your credit report. You’ll reap the benefits from this when it comes to your free initial mortgage appointment, as having this will give us a better idea of what you are like, what you would like to do and the sort of deals that might be appropriate for the circumstances.

We Work For You

During your mortgage process you are our responsibility and we will always have your best interests at heart.


Our dedicated and hard working mortgage advice team in Sheffield will always aim to give you the best service we can, ensuring you remain informed all throughout, that you’re given a responsive service and that the service is tailored to your needs.


We hope in giving you this service that you end up with a smile on your face, going into your new home with a fantastic mortgage deal that matches your personal and financial situation.


As a company with a reputation for providing expert, fast & friendly mortgage advice in Sheffield, we will remain by your side through every step of your mortgage process. Get in touch with us and get yourself booked in for your free initial mortgage appointment with an experienced and amiable mortgage advisor in Sheffield today.

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Common mortgage

Your free mortgage consultation with a Mortgage Advisor in Sheffield will last approximately an hour. Once they have evaluated your situation, they will recommend a mortgage for you with no obligation for you to proceed. Based on the deal, you can decide whether or not you want to continue the process with us or not.

As a trusted Mortgage Broker in Sheffield, we carry out a fact find to verify your needs before recommending you with a mortgage deal. After a Mortgage Advisor in Sheffield has evaluated your situation, they will perform a credit check on you, this is required for an agreement in principle. Then after you have provided all of the relevant documentation and a valuation of the property has been carried out, a formal mortgage offer can be issued.

We always advise that you obtain an agreement in principle before you start viewing properties in Sheffield, to avoid disappointment. If you want to get yourselves a head start, you should get one prior to making an offer.

Typically, an agreement in principle lasts for between 30 and 90 days, however, this can change depending on your lender in Sheffield. If your agreement in principle expires, you can renew it quite easily.

Yes, you can get a second mortgage. Whether this is for debt consolidation or home improvements, this is possible. It is also possible to take out a second mortgage on a second property but only if it is own use, the use of a family member, a holiday home or a Buy to Let.

To buy a property in Sheffield, you will need to meet a minimum deposit. Typically, with high street lenders, this is usually 5%. This percentage can be higher if you have previous credit problems.

It will be harder but yes you can. You will have to show that you can afford a mortgage by putting down a higher deposit, perhaps 10% or 15% of the purchase price.

Yes, however, you must submit at least one years’ accounts. Most lenders use your salary + dividend to calculate the maximum mortgage, whereas other lenders in Sheffield could base it of your net profit.

If you are an employee, you will need to provide three payslips to prove your income. If you are Self Employed in Sheffield, you will have to prove for the latest 2 years’ accounts. Along with this, you must produce proof of ID, address and 3 months’ bank statements.

Our free mortgage consultation in Sheffield will take about an hour. Once your consultation is completed, we can arrange an agreement in principle for you within 24 hours. A formal offer takes up to three weeks on average.

We make it so easy!
Our 4 step process

Step 1

A telephone call where we can take some initial details and find out about your plan of action.

Step 2

Enjoy finding a property in Sheffield!

Step 3

Make an offer on the property you set your heart on – we’ll finalise your figures and help you to get a good deal.

Step 4

Our mortgage recommendation. We’ll try to find you the best mortgage deal. We’ll be there to support you, right through to you getting your keys.

A telephone call where we can take some initial details and find out about your plan of action.

Enjoy finding a property!

Make an offer on the property you set your heart on – we’ll finalise your figures and help you to get a good deal.

Our mortgage recommendation. We’ll try to find you the best mortgage deal. We’ll be there to support you, right through to you getting your keys.

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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.

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

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