How does the process work?

As your Mortgage Broker in Liverpool, our first job is to carry out a Fact Find on you to get a bigger picture of your personal and financial situation, so that we can recommend the most suitable mortgage for you. In order to obtain an Agreement in Principle, you will also need to have a credit check performed on you. Once you have provided all the relevant evidential documentation and a valuation of the property has been undertaken, a formal mortgage offer can be issued.

Why should I bother to remortgage?

It is more than likely that if you roll straight onto your lenders SVR (Standard Variable Rate of Interest) then your monthly payments will go up. That’s why they love it when people forget that their deal is coming to an end. We will do our best to find you a competitive remortgage deal in Liverpool that could even end up saving you money. If you have equity in your property, a remortgage would also allow you to release some of this money if required. Usually, this is used for home improvements such as a kitchen extension.

Can I consolidate my debts into a mortgage in Liverpool?

It is possible to remortgage and increase the size of your mortgage to pay off any unsecured debts you may have. Before you rush into anything, there are sometimes downsides to doing this, so we always advise that you speak to a Mortgage Advisor in Liverpool, like us who can explain everything about debt consolidation.

How does the free remortgage consultation in Liverpool work?

Your initial free remortgage consultation in Liverpool will last around one hour. We will then search through thousands of remortgage deals over our panel of 38 lenders and compare them to your current deal to see if we can find a perfect deal that can save you some money. You can then decide whether you wish to go ahead and continue with us and the dealor take a step back.

Are there fees involved in Remortgaging?

There are some obvious fees that come with remortgaging, they will be similar to ones that came with your current one. However, if you went to a Mortgage Broker in Liverpool, they can talk you through all of the costs and sometimes show you where you can save money. There are probably some ways to reduce your mortgage arrangement costs in Liverpool.

Can I get a second mortgage in Liverpool?

Yes, you can get a second mortgage. You can take out a second mortgage for your current home for things like debt consolidation and home improvements. It is also possible to take out a second mortgage for another property if you want. Usually, this situation comes about when people are interested in a holiday home, are buying for a friend/family member or want a Let to Buy or Buy to Let.

Can I get a mortgage in Liverpool with previous credit problems?

It is possible but it can be a bit tricky though. When you have had previous credit problems your minimum deposit that is required could rise, we have seen it at 15% before. Having a Specialist Mortgage Broker in Liverpool could really help you get back on track in situations like these.

What documents will I need to send?

If you’re an employee, you will usually have to supply three payslips in order to prove your income. If you are Self Employed in Liverpool its normally the latest 2 years’ accounts. You will also need to produce proof of ID, address and 3 months’ bank statements.