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!
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.
For your new build property in Grimsby, you will need to have at least 5% of the sale price. From this, The Government will then loan you up to 20% to the properties value.
The majority of lenders will use the discount as a deposit for your mortgage. In some cases, lenders will require you to provide a deposit to add to the discount. This usually happens when you have credit issues. If you have any right to buy deposit questions, get in touch with our Mortgage Advisors in Grimsby.
The minimum deposit for a buy to let is usually 25% of the property value, however, this can vary between 20%-40%.
The consultation will last around 1 hour. 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.
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.
The free mortgage consultation will last approximately an hour. When your Mortgage Advisor in Grimsby has evaluated the situation, they will advise a mortgage for you with no obligation for you to begin the process. From this, you can decide if you want to proceed with us or not.
An agreement in principle usually lasts between 30 and 90 days but this can change depending on your lender. You can renew your agreement in principle if it expires.
Before you start viewing a property in Grimsby, we always suggest that you obtain an agreement in principle. If you want to be prepared ahead of time, you need to get one before making an offer.