How much deposit do I need for a mortgage in St Helens?

It is essential to remember that when searching for a mortgage in St Helens, most lenders typically necessitate a minimum deposit of 5% of the property’s worth.

However, based on your credit rating, you may be obliged to provide a more substantial deposit, ranging from 10%-15% or even higher. If you wish to calculate the amount you can borrow for a mortgage in St Helens, please feel free to contact our team today.

When should I get an agreement in principle in St Helens?

A document that displays a lender’s willingness to grant you a mortgage based on your income and affordability evidence is known as an Agreement in Principle (AIP).

In the mortgage process, an AIP holds significant importance. It allows you to make an offer on a property and may assist you in negotiating prices with the seller. For instance, if two potential buyers approach a seller, one with an AIP and the other without, the seller is more inclined to select the buyer with the AIP. This is because they have already received pre-approval and can advance more quickly through the mortgage process.

AIPs generally remain valid for 30-90 days and can be renewed upon expiry. To receive an AIP, you can consult a mortgage broker in St Helens, such as ourselves. We can usually arrange an AIP within 24 hours of your mortgage appointment.

How does my free mortgage appointment in St Helens work?

Upon scheduling a complimentary mortgage consultation with us, anticipate spending approximately 30 minutes to an hour conversing with one of our knowledgeable mortgage advisors in St Helens.

Throughout the consultation, your designated mortgage advisor will inquire about your financial and personal circumstances to obtain a thorough comprehension of your mortgage goals. This enables us to identify the most appropriate mortgage options that cater to your precise necessities.

After your consultation, your mortgage advisor in St Helens will evaluate your particulars and perform an extensive search to discover the ideal mortgage product that aligns with your individual needs.

Why use a mortgage broker in St Helens like us?

As a mortgage broker in St Helens, our primary goal is to offer comprehensive assistance and advice throughout the mortgage process. Our aim is not just to secure any mortgage deal, but to locate a mortgage product that suits your distinct financial and personal situation.

Furthermore, we will aid you in organizing your mortgage application to create a favourable impression on your lender. We guarantee that all necessary documentation is in order to confirm your income and affordability, which will enhance your likelihood of obtaining mortgage approval.

Can I get a second mortgage in St Helens?

As a mortgage broker in St Helens, we have a reputation of assisting numerous clients in obtaining second or multiple mortgages for diverse purposes, such as buy-to-lets, let-to-buys, holiday lets, and more.

Typically, acquiring an additional mortgage requires a sizable deposit, a robust credit score, and the financial ability to make two substantial monthly mortgage payments. Nonetheless, for buy-to-let or let-to-buy mortgages in St Helens, having a tenant may cover the second payment.

We highly recommend that you seek guidance from a mortgage advisor in St Helens to evaluate your eligibility before submitting an application for another mortgage.

I have bad credit, can I get a mortgage in St Helens?

Although having a low credit score may pose challenges when seeking a mortgage, there exist lenders who provide mortgage products specifically designed for buyers in this situation. It’s important to keep in mind that such products generally demand a higher deposit than regular mortgages, typically ranging from 10% to 15% of the property’s worth.

If you require aid in acquiring a mortgage in St Helens despite having poor credit, our team is available to offer the required assistance.