Why should I bother to Remortgage?

If you are on your lenders SVR (Standard Variable Rate of Interest) it is more than likely that you are able to save money! As a Mortgage Broker in Sheffield, we will compare the new products available against your current mortgage deal to work out these savings for you. If you have equity in your property in Sheffield, a remortgage would also allow you to release some of this money if required. Usually, for home improvements.

Can I consolidate my debts into a mortgage in Sheffield?

You can Remortgage and increase the size of your mortgage to pay off unsecured debts. Please do not rush into this though as there are some downsides. Always seek Mortgage Advice in Sheffield before consolidating your debts!

How does the free remortgage consultation work?

Your free remortgage consultation in Sheffield will last around 30 mins. Your remortgage consultation can be carried out over the telephone or face to face. We will then compare a new deal vs your current product and recommend the most suitable with no obligation. You can then decide whether you wish to go ahead or not.

Are there fees involved in Remortgaging?

The fees will be similar to the ones involved when you started your current mortgage. However, your dedicated Mortgage Advisor in Sheffield will run through all of the fees with you. Taking these into consideration when comparing the savings of the new deal vs your current mortgage.

How does the process work?

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.

Can I get a second mortgage in Sheffield?

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.

Can I get a mortgage in Sheffield with 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.

What documents will I need to send?

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.