When your mortgage comes to an end, many people are deciding whether or not they want to remortgage. Typically, the decision is made three months before the final repayment date.
Remortgaging gives people an option to consolidate debts by taking out a mortgage and assuming more control over their finances.
“Whenever we buy or sell a home, MortgagesRM commits to facilitating the process with faster and smoother transactions than we experienced.”
When the time comes to remortgage your house, you may avoid a property chain. This is because this property belongs to you this time around and we want to make sure you have an easy experience.
With many years spent as a property owner, you are aware of the importance of getting a competitive mortgage rate. The small variance in rates can make an enormous difference to your repayments, so it’s essential that you get impartial advice when you’re looking for a mortgage deal.
Every client is given a specialist who will assist them with all financing needs. They are fully qualified and experienced in all aspects of remortgaging, making sure the client walks away satisfied.
Stephen Kerrigan, our mortgage advisor can provide you with expert advice on finding the best mortgage product for your needs, taking into account your specific circumstances when you remortgage.
Our specialist team will fill in all the relevant completion forms and liaise with solicitors, lenders and surveyors on your behalf. Nobody pays – it’s free!
Get in touch today to discover what our award winning MortgagesRM service can do for you.
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.
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.
Buying your first home can be a little bit daunting, but we’re here to help with all the challenges of finding your perfect place.
Looking for a better mortgage deal? Or to release some of the equity in your home? 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. Find out why.
This can be one of the popular mortgage options available for those wishing to invest in the residential & rental property.
It is said that moving to a new house is one of the most stressful things that you can ever experience. MortgagesRM Fee Free Mortgage Advisor will take some of the stress out of your mortgage application so that it runs smoothly. We’ll provide help and guidance throughout the whole process.
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Mortgage Broker in Leeds
A minimum deposit is required for purchasing a property in Leeds. 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 Leeds 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 Leeds. 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 Leeds. 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.
Leeds is a city in the northern English county of Yorkshire. On the south bank of the River Aire, the Royal Armouries houses the national collection of arms and artillery. Across the river, the redeveloped industrial area around Call Lane is famed for bars and live music venues under converted railway arches. Leeds Kirkgate Market features hundreds of indoor and outdoor stalls.
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