Remortgages in Nottingham.
MortgagesRM and Stephen Kerrigan will help you find the Perfect Remortgage in Nottingham.
Remortgages in Nottingham
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.
Have Any Questions?
Contact our expert team for remortgage advice in Nottingham
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.
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.
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 know of?
It is important to remember the additional costs that you will be responsible for, in addition to your deposit and mortgage.
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 in Nottingham
Mortgage Advice in Nottingham is more than just finding a mortgage – we enjoy helping all our clients. We will hold your hand through every step of the way.
First Time Buyer
Buying your first home can be a little bit frightening, but we’re here to help with all the challenges of finding your perfect place.
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.
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Frequently Asked Questions
A minimum deposit is required for purchasing a property in Nottingham. 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.