Remortgages Doncaster
MortgagesRM and Stephen Kerrigan will search the mortgage market to help you find the Perfect Remortgage in Doncaster.
Pay no broker fee when you consult or get started with us.
Get with the mortgage process with very minimal paperwork and get the work done.
Getting the best mortgage market deal, also find the best deal from your current lender.
Remortgages in Doncaster
Remortgaging is common when the term of your existing mortgage ends. Most people think about this three months before the final repayment date, which is when you should start researching the mortgage market and comparing mortgage lenders deals.
Remortgaging can help people consolidate debts by giving them an option to take out a mortgage and gaining more control over their financial situation, or to help release equity.
“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, and we of course find you the best deal.
As a mortgage broker we will work hard into finding the best remortgage deals and most suitable mortgage for you from a variety of mortgage lenders, and will always give you honest mortgage advice.
Have Any Questions?
Contact our expert team of mortgage brokers for remortgage advice in Doncaster
How much can I lend?
Your income determines how much you can borrow for a mortgage. Depending on your income and outgoings, some mortgage lenders use a multiple of your income while others consider how much you can afford.
In general, four times your income is an average multiple. Your individual circumstances and the criteria of different lenders may result in a higher or lower figure.
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. Your mortgage offer will depend on all of these factors.
Some lenders offer a very good remortgage deal for buyers, so it always worth asking a mortgage advisor like us to research the market on your behalf to find something better than your current mortgage. A mortgage advisor works in the market every single day, and knows the deals available to find you the best mortgage lender for you.
What other costs do you need to know 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.
Our Services
Fast & Bespoke Mortgage Advice in Doncaster
It’s more than just finding a mortgage – we enjoy helping all our clients. We will hold your hand through every step of the way to finding you a better deal in the remortgage process!
Remortgages
Looking for a better mortgage deal? The process is often not as easy as it first appears.
Moving Home
Thinking of selling your existing property and moving to a new home? It’s important that you try and budget accurately.
Buy-to-Let
This can be one of the popular mortgage options available for those wishing to invest in residential & rental property.
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To speak with our team, book your FREE mortgage appointment online or give us a call.
Reasons People think about Remortgaging
Finding a Better Mortgage Deal
Once you’ve reached the end of your initial term for your loan, you may want to consider which route you could take next.
Once you reach this stage, we generally find that customers will opt to get a remortgage.
One reason why an SVR will usually cost more than a fixed term loan is because the APR (Annual Percentage Rate) for an SVR will normally be greater than your initial APR.
Because of this, searching for remortgage advice in Doncaster is a common option among homeowners. Using mortgage brokers ensures you search the entire mortgage market to find the best deal.
Financing Home Improvements
We’ve been working hard as mortgage brokers to be a guide for everyone who wants to release equity from their homes to finance any home improvement projects.
Usually people do this when they’re planning to undertake major projects, such as building an extension to their house, renovating a kitchen, or converting a spare room into a study.
If you’re considering the various options available to release equity to help fund any new home developments, including extensions, there are several different types of lender who may ask you to provide quotes for the cost of the work that will be carried out.
The mortgage market will have something to suit your needs.
Debt Consolidation
If you’re looking to consolidate any unsecurred debt into your mortgage, doing so may allow you to combine all your payments into one manageable monthly payment that won’t change throughout the life of your loan.
Remember that doing this will extend the length of your loan term and at the end of it, your total repayment will be greater than if you had taken out a new one. You need to think carefully before taking out a second loan.
If you’re considering taking out a mortgage, it is important to talk to a Mortgage Broker first.
Knowing a great deal about the mortgage market & protection industry. Providing a service face to face or over the phone.
Home appointments?
No problem.
We pride ourselves in offering our customers a first-class service from the mortgage application to completion, and the moment you speak to one of our friendly & experienced Mortgage Brokers in Doncaster
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Frequently Asked Questions
How much deposit do I need for a mortgage?
A minimum deposit is required for purchasing a property in Doncaster. High street lenders typically require a 5% deposit. A higher deposit may be required if you have had credit problems in the past. The more deposit you can put down, loe lower your monthly payments will be.
Can I get a mortgage if I am self-employed?
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. Personal circumstances can affect your application, but no need to worry, we will help.
Can I get a second mortgage?
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.
How long does the mortgage process take?
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.
What documents do I need to send you?
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.
How long will an agreement in principle be valid for?
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.
I have bad credit, can I still get a mortgage?
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.
Doncaster, UK
The English county of South Yorkshire includes the town of Doncaster. It is the administrative hub of the larger Metropolitan Borough of Doncaster and is named after the River Don. It is South Yorkshire’s second-largest town after Sheffield, with whom it shares the international Doncaster Sheffield Airport, located 10 kilometres to the southeast. Doncaster, a significant regional town with crucial transportation connections and fun attractions, was established by the Romans. Additionally, it has a market. The second-biggest city in South Yorkshire, Doncaster is also the largest metropolitan region in England. With the growth of coal mining, its population increased significantly. The town’s service industry expanded as a result of the good communication links with the rest of the UK following the economic challenges brought on by the closure of coal mines in the 1970s and early 1980s.
Local Links
Things to do in Doncaster, UK
Sandall Park
Doncaster Racecourse
Potteric Carr Nature Reserve
Areas we Cover