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 much deposit do I need for Help to Buy?

Generally you require a minimum of 5% deposit.

How much deposit do I need for a right to buy mortgage?

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.

How much deposit do I need for a buy to let?

The minimum deposit for a buy to let is usually 25% of the property value, however, this can vary between 20%-40%.

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 free initial mortgage consultation work?

The free mortgage consultation will last approximately 30 mins. 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.

How long does an Agreement in Principle last?

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.

When should I obtain an Agreement in Principle?

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.

Grimsbymoneyman.com & Grimsbymoneyman are trading styles of UK Moneyman Limited, which is authorised and regulated by the Financial Conduct Authority.
UK Moneyman Limited is Registered in England, No. 6789312 | Registered Address: 10 Consort Court, Hull, HU9 1PU.

Authorised and Regulated by the Financial Conduct Authority.
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The information contained within the website is subject to the UK regulatory regime and is therefore primarily targeted at customers in the UK.
Should you have cause to complain and you are not satisfied with our response to your complaint, you may be able to refer it
to the Financial Ombudsman Service, which can be contacted as follows

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www.financial-ombudsman.org.uk

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