Can I consolidate my debts?

You can increase the size of your mortgage to to pay off unsecured debts through remortgaging. However, always seek Mortgage Advice in Grimsby before consolidating your debts!

Why should I bother to remortgage?

When you remortgage, you are likely to be able to save money if you are on your lenders SVR (Standard Variable Rate of Interest). To work out these savings for you, we will compare any new products available against your current mortgage deal. A remortgage would also allow you to release some of this money if required for home modifications.

How does the free remortgage consultation work?

The consultation will last around 30 mins. From this, we will compare a new deal against your current product and advise the most suitable with no obligation. This means you can decide whether you want to proceed or not.

Are there fees involved in Remortgaging?

Yes, however these will be similar to the ones involved when you started your current mortgage. Your Mortgage Advisor will run through all of the fees with you, taking these into consideration when comparing the savings of a new deal against your current mortgage.

How does the process work?

The process of a trusted Mortgage Broker in Grimsby starts by conducting a fact find to support your needs before recommending a mortgage deal. When a Mortgage Advisor has evaluated your situation, they will carry out a credit check on you, this is needed for an agreement in principle. A formal mortgage offer can be provided when you have evidenced all of the relevant documentation and a valuation of the property has been completed.

Can I get a second mortgage in Grimsby?

You can get a second mortgage even if this is for debt consolidation or home improvements. You may have the choice to take out a second mortgage on a second property for your own use or a family member’s use, a holiday home or a Buy To Let.

Can I get a mortgage with previous credit problems?

Due to having previous credit problems, it may be harder, however it isn’t impossible. To show you can afford a mortgage, you will need to put down a higher deposit, probably 10% or 15% of the purchase price.

What documents will I need to send?

If you are an employee, you will need to provide three payslips to prove your income. If you are self employed, you will have to prove for the latest 2 years’ accounts. Along with this, you must produce proof of ID, address and 3 months’ bank statements.

You will need to provide three payslips if you are an employee to prove your income, though you will have to provide the latest 2 years’ accounts if you are self employed. As well as this, you must provide a proof of ID, address and 3 months’ bank statements.