Looking for a Mortgage Broker and living in Sheffield?

Mortgage Brokers in Sheffield

Mortgage Advisor in Sheffield

There are hundreds of mortgage deals to choose from, including fixed and tracker mortgages and various options for percentage rates. As a result, mortgage applicants can often feel overwhelmed by the choices available and uncertain of their own ability to qualify for a loan.

Sheffield Money’s Mortgage Advisors use our vast experience to provide personal advice that takes into consideration an individual’s financial situation and long-term goals to help borrowers understand their options and guide you through the mortgage process. 

If you are looking to buy a property in Sheffield and need expert advice from a knowledgable and independant mortgage advisor who can cater for all your mortgage needs, get in touch with us today!

Our Sheffield based team of brokers, provide the best mortgages from over 1,000 lenders nationwide. We will deal with every client personally and provide expert advice across a comprehensive range of mortgages, insurance, and lenders. By partnering with us, you can take comfort in the fact that our mortgage advisors will help you make informed decisions to find the best mortgage for your needs.

Our aim is to be helpful, caring, and confidential, whatever your circumstances may be.

We can offer the following mortgage consultation services on the following products:

If you are unsure which mortgage will best suit you, our website is full of helpful information and advice on the types of products available. However, if you would rather speak to our mortgage advisers in Sheffield, South Yorkshire to discuss our range of services, please call 07368 520394 today.

Our mortgage experts are on standby to talk you through all the mortgage services on offer. Get in touch today! Our team are highly experienced and knowledgeable about the mortgage market, so you can be sure that your finances will be in safe hands and you will be making the right decisions.

Frequently Asked Mortgage Questions

Why choose Sheffield Money

We have been working in the mortgage industry for over 10 years; our Mortgage Advisors in Sheffield have come across almost every mortgage scenario possible.

Our experience and knowledge in the industry, combined with our determination to secure you a competitive mortgage deal, (depending on certain aspects such as your credit file and affordability) make us certain we will be able to help you.

Why use a Mortgage Broker in Sheffield

Talking to a mortgage advisor in Sheffield early on in the process is a good idea. We can help you work out what you can afford to pay each month and also how much the different lenders will let you borrow. You would be surprised by the vast differences between mortgage lenders when it comes to the maximum mortgage available.

A great advisor in Sheffield will love to build up an ongoing relationship with a client. It can often start with an affordability assessment and agreement in Principle before even finding a house. Even after the purchase is complete, we keep regular contact via email and re-engage by phone running up to the initial mortgage product coming to its end. We then compare the market on your behalf once again to obtain the best remortgage deal available.

Can I Get a Mortgage With Bad or Adverse Credit in Sheffield?

Bad Credit Mortgage Advice in Sheffield

Unsecured credit is common these days, and it’s not uncommon for clients to approach us for Specialist Mortgage Advice in Sheffield when they have missed payments or have a low credit score.

All it takes is missing payments on your mobile phone contract or a utility bill. You might get faced with a default attached to your credit report. It might leave you in a bad situation to obtain a mortgage soon because it indicates to the lender that you are at a high risk of not keeping up with your monthly repayments.


The good news is just because you have missed payments or have a default, it doesn’t necessarily mean you can’t get a mortgage. Having said that, you’ll likely need some specialist help because it is possible you will get declined for a mortgage by a high street bank, especially if you only have a small deposit. 

How Much Can I Borrow for a mortgage in Sheffield?

First time buyers, home movers, landlords and self employed individuals will always ask the same question when it comes to applying for a mortgage – “how much can I borrow?”. The answer varies depending on your individual circumstances.

If you’re trying to work out how much that you can borrow, we would recommend speaking to us for a more accurate measure of affordability. A mortgage advisor in Sheffield will research the market on your behalf and try to find a lender that will provide you with the amount you need to borrow.

Can I get mortgage if I’m Self employed in Sheffield

Many see being self employed as a barrier when trying to obtain a mortgage. The good news is with an expert mortgage adviser in Sheffield were with you every step of the way and you’ll have a greater chance of being accepted.

There are specific uniformed lending criteria for sole traders and limited company directors. Most lenders have their own individual policy, and the amount they will allow you to borrow can broadly differ from one lender to the next. Whether you’ve only been trading for 1 year or have a low declared income, contact a mortgage broker in Sheffield to help you with your self employed mortgage needs.

Remortgage vs Product Transfer advice in Sheffield

When your current deal is coming to an end your mortgage lender may offer you a new deal to stay with them. This is known as a product transfer, and unfortunately, most lenders don’t reward you for your loyalty to them. You don’t have to stay with your lender, there are hundreds of competitive deals out there for you.

They’ll know that you can get a better deal, but why would they want you to know that and this is why taking mortgage advice in Sheffield can really help!

We always recommend that you don’t rush into things and get mortgage advice in Sheffield before accepting a deal. It can be hard to find a competitive rate with the same lender and that’s why we advise in shopping around first or approaching a mortgage broker in Sheffield and we’ll find the best deal for you.

Can you get a mortgage without a Deposit

Looking at getting 100% mortgage in Sheffield?  

It can be daunting when buying your first property. As a mortgage broker in Sheffield, it is our job to guide you through the process of getting a mortgage without a deposit in Sheffield.  

If you have rented your property for the last 12 months and paid your rent on time and in full then you could be eligible. There are certain criteria that you need to hit if you are buying a property through a mortgage advisor in Sheffield. This criteria is changing all the time so it is best to speak to a mortgage advisor in Sheffield to discuss whether you would be eligible.  

The other option if you do not have a deposit would be to look at a family gifted deposit. If you have a relative or friend in Sheffield that could gift you the deposit, then this would allow you to purchase your dream home in Sheffield. 

Can I get a Mortgage when starting new job in Sheffield?

The answer quite simply is yes! If you have been offered a new job in Sheffield and it is due to start within the next 3 months, then it is worth speaking to a mortgage adviser in Sheffield to see if you are eligible. All we will need is a copy of the new contract which confirms the start date, gross annual salary and the job title for the role you will be starting in Sheffield.  

As always, to check your eligibility. it is recommended that you speak to a mortgage advisor in Sheffield to check affordability etc.  

Remortgage with Debt Consolidation In Sheffield

While remortgaging in Sheffield can offer the possibility of consolidating unsecured debts onto your mortgage, it’s essential to weigh the potential consequences. This approach could lead to extended mortgage terms and higher monthly payments, potentially putting your home at risk. 

You should think carefully before securing other debts against your home. By adding your unsecured debts to your mortgage, which is secured on your home, you are potentially putting your home at risk if you cannot make the required repayments. 

Although the total monthly cost of servicing your debt may have reduced, the total cost of repayment may still have risen as the term of your mortgage is longer than it may have taken to repay the debts originally. The best thing to do, as always, is speak to a qualified mortgage advisor in Sheffield 

What is a let to buy mortgage in Sheffield?

A let to buy mortgage is where you have your own residential property already in Sheffield. You have seen a property that you want to buy, however, you really don’t want to sell your existing property in order to purchase the new one. If you speak to a mortgage broker in Sheffield they can guide you through the process. In essence what you would be doing is releasing equity from your house (generally up to 75% of the value) in order to raise a deposit for your new home. This way you get to keep your old house, generate a rental income and buy the new house of your dreams in Sheffield. The first step if you are considering this would be to speak to a mortgage adviser in Sheffield to see if you are eligible for this.

How can I improve my chances of having mortgage approved in Sheffield?
Lenders consider various factors when approving a mortgage. Improving your credit score, reducing existing debts, and maintaining a stable income are some strategies that will enhance your chances of getting a mortgage approved. Using a mortgage broker in Sheffield will help your chances as they have specialist knowledge and will be able to find a lender who will approve your mortgage.
What information do I need to provide to my mortgage broker in Sheffield?

You’ll typically need to provide details about your income, employment, credit history, and the property you’re interested in. Being transparent and providing accurate information ensures your mortgage broker can tailor their recommendations to your specific situation. Get in touch today.

Can I use a mortgage broker if I am a first-time homebuyer in Sheffield?

Absolutely. Using a mortgage broker in Sheffield will specialize in helping first-time buyers navigate the complexities of the homebuying process. They provide guidance on available mortgage options, government schemes, and help streamline the application process. 

How do I choose the most suitable mortgage for me?

One of the most difficult aspects of organising a mortgage is sorting through the hundreds of mortgage deals currently available. Different mortgage schemes will often cater for different needs. To establish what is suitable for you it is important to take into account your current circumstances as well as your priorities and long term plans. We recommend speaking to a mortgage broker in Sheffield as soon as possible as they will be able to guide you. 

What is an early repayment charge?

When you take out a mortgage with an initial deal on an e.g. fixed, tracker or discounted rate basis, should you repay the mortgage in full or part before the deal ends, you usually will have to pay an Early Repayment Charge which, in most cases, is charged as a percentage of the loan. Some mortgages will offer a ‘portability’ option which means that if you move house when you are still tied into your deal, you can ‘port’ the mortgage to the new property and avoid the Early Repayment Charge. The best thing to do, as always, is speak to a qualified mortgage broker in Sheffield who will be able to advise you on this.