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How much deposit do I need for Help to Buy in Sheffield?

You will need to have at least 5% of the sale price of your new build property in Sheffield. The Government will then help you out by loaning you up to 20% to the property value.

How much deposit do I need for a Right to Buy in Sheffield?

Most lenders will use the discount as a deposit for your mortgage. However, some lenders will require you to put down a deposit in addition to the discount. This is sometimes the case if you have credit problems. Our Mortgage advisors in Sheffield will be able to help answer all of your right to buy deposit questions.

How much deposit do I need for a Buy to Let in Sheffield?

The minimum deposit for a Buy to Let mortgage is usually 25% of the property value. However, this can vary between 20%-40%. If have any further questions regarding you Buy to Let mortgage deposit, speak to one of our Buy to Let Mortgage Advisors in Sheffield today.

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 1 hour. 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 free initial mortgage consultation work?

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.

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.

When should I obtain an Agreement in Principle?

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.

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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