MortgagesRM and Stephen Kerrigan will help you find the Perfect Remortgage in Kirk Smeaton.
Remortgaging is common when the term of your mortgage ends. Most people think about this three months before the final repayment date.
Remortgaging can help people consolidate debts by giving them an option to take out a mortgage and gaining more control over their financial situation. “Whenever we buy or sell a home, MortgagesRM was committed to making the process quicker and smoother than it was for us our first time.”
You will usually avoid a property chain when remortgaging your house. Due to the fact that this property belongs to you this time, we will try our best to make the process as smooth and efficient as possible.
Contact our expert team for remortgage advice in Kirk Smeaton
Your income determines how much you can borrow for a mortgage. Depending on your income and outgoings, some lenders use a multiple of your income while others consider how much you can afford.
As a rough guide, a typical multiple is four times your income. This figure could be higher or lower depending upon your individual circumstances and different lenders’ criteria.
In order to determine what you can afford, lenders look at the number of people applying for the mortgage and any outstanding loans or debts.
It is always worth asking us to look into the market on your behalf because some lenders offer very good deals for first-time buyers.
It is important to remember the additional costs that you will be responsible for, in addition to your deposit and mortgage.
There will be fees associated with surveying and valuing the property, as well as solicitors’ fees. You may also have to pay fees to the lender. These may include arrangement fees and/or booking fees.
Contact us to find out how much these fees may be.
We love helping all our customers, especially the ones who really need Mortgage Advice in Kirk Smeaton – it’s not just about finding a mortgage. It’s about the journey, we will hold your hand through the full process.
Buying your first home can be a little bit scary, but we’re here to help with all the difficulty of finding your perfect home.
Looking for a better mortgage deal? The process is often not as easy as it first appears.
Thinking of selling your existing property and moving to a new home? It’s important that you try and budget accurately.
This can be one of the popular mortgage options available for those wishing to invest in residential & rental property.
To speak with a mortgage advisor, book your FREE mortgage appointment online or give us a call.
We pride ourselves in offering our customers a first-class service from the moment you speak to one of our friendly & experienced Mortgage Brokers in Kirk Smeaton
A minimum deposit is required for purchasing a property in Kirk Smeaton. High street lenders typically require a 5% deposit. A higher deposit may be required if you have had credit problems in the past.
Yes, however, you must submit at least one year’s worth of accounts. To compute the maximum mortgage, most lenders in Doncaster use your salary and dividend, while others may use your net profit.
Second mortgages are possible. This includes debt consolidation and home improvements. A second mortgage can also be obtained on a second property, but only if it is for the owner’s personal use, a family member’s use, a holiday home or a rental property.
It will take about an hour for our free mortgage consultation in Doncaster. Upon completion of your consultation, we can arrange an agreement in principle for you in about 24 hours. A formal offer takes about three weeks.
You must provide three payslips to prove your income if you are an employee. You will need to supply the latest 2 years’ accounts if you are self-employed in Doncaster. Additionally, you must provide proof of identity, address, and three months of bank statements.
An agreement in principle typically lasts between 30 and 90 days, but it can vary based on your lender. It is quite simple to renew an agreement in principle if it expires.
You can do it, but it will be harder. By putting down a higher deposit, perhaps 10% or 15% of the purchase price, you can demonstrate that you can afford a mortgage.