Remortgages Mortgage Advice.
MortgagesRM and Stephen Kerrigan will help you find the Perfect Remortgage in Doncaster.
When your mortgage comes to an end, many people decide to get a remortgage. Typically, they start thinking about this 3 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.”
When the time comes to remortgage your house, you will usually avoid a property chain. This is because this property belongs to you this time around and we will do our best to make sure the process runs smoothly and efficiently.
Speak to one of our expert buy to let mortgage advisors today
How much can I borrow?
The size of mortgage you can get depends on your income. Some lenders use a multiple of your income others look at how much you can afford based on your income and outgoings.
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.
Lenders who look at what you can afford base this on the number of people applying for the mortgage and any loans or debts that you have outstanding.
Some lenders offer very good deals for first time buyers, so it always worth asking us to research the market on your behalf.
What other costs do you need to be aware of?
It is worth remembering the additional costs, on top of your deposit and mortgage that you will be expected to pay.
For example, you will have to pay for the survey and the valuation of the property, as well as solicitor’s fees. You may also have fees to pay to the lender for your mortgage. These could be an arrangement fee and/or booking fee.
Contact us to find out how much these fees may be.
Fast & Bespoke Mortgage Advice.
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.