Looking for a Mortgage Broker and living in Sheffield?

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.

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.

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. 

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.

Many see being self employed as a barrier when trying to obtain a mortgage. The good news is with an expert mortgage broker 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.

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.

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. 

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.  

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 

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 advisor in Sheffield to see if you are eligible for this.