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Providing Mortgage Advice Services in Scotter. Our customers will always be in safe hands with us! No matter the circumstances, we are here to save your time, save your money and find the best, most appropriate mortgage deal for you.
If you are after First Time Buyer Mortgage Advice in Scunthorpe, Buy to Let Mortgage Advice, Moving Home Mortgages, looking to Remortgage or you are Self Employed and wanting Mortgage Advice, then we may be able to help you out.
Clear and simple Mortgage Advice in Scunthorpe
If your situation is more obscure and complicated, do not worry – you are in safe hands with us.
A free mortgage consultation is available for all of our lovely customers.
Often, we find that clients who contact us have already spoken to their own bank about mortgages. Usually, they have been told that they are unable to borrow enough for the property they like, or simply do not pass the banks strict mortgage criteria.
There are a few hurdles with the high street lender. These include; divorce / marital split-ups, income structure, the bank won’t lend enough, non-standard property types, self-employed applicants etc.
If you are experiencing a problem like this, then it is important to speak to an Open & Honest Mortgage Broker in Scunthorpe like us who may be able to help.
We have an in-depth knowledge of lending criteria from a very large number of mortgage lenders and years of experience – This means we are usually able to help these clients secure mortgage deals.
We work for you and provide guidance and experience throughout your home buying or remortgaging process.
Prior to viewing houses with estate agents, if possible, you should speak to a Mortgage Broker like us. This is so we can give you an idea of your budget and to have a mortgage agreement in principle document ready to support any offers you make.
Please feel free to get in touch with a new mortgage enquiry or to discuss one you are having problems with!
We very much look forward to hearing from you soon!
We take a great deal of pride in the level of customer service we provide, it’s at the heart of everything we do. Whether you’re dealing with a mortgage advisor or an administrator, our brilliant team are here all throughout the week until late at night, supporting you and your mortgage needs. We love being responsive to your enquiries!
We’re also quite active on Facebook and Twitter, sharing news and mortgage tips from our website on a daily basis, so it’s always worth checking up to see if there’s something that may help. If you have a mortgage enquiry, we always have someone monitoring the messages ready to respond if needed.
You can worry less when it comes to the remortgage process! You already own your house this time, so this cuts out the property chain. We will do what we can to ensure that this time around things go as quickly and as smoothly as possible.
We will help and support you throughout the whole process, helping you over any hurdles which may arise. 7 Days a Week.
We’ll aim to make you feel relaxed and be open and honest – We’ll take away the stress.
Please read our genuine customer reviews. We strive to offer the best Mortgage Advice service possible.
When it comes to saving for a Help to Buy deposit, you will need to have at least 5% of the sale price of your new build property in Scunthorpe. The government will then loan you an additional amount up to 20% to the properties value.
The discount provided to you by the council will typically be used by lenders as your deposit towards the property. In some cases though, lenders will require you to put down a deposit as well as the discount, especially if you’ve got a poor recent credit history. Our experienced team of mortgage advisors in Scunthorpe are able to answer your right to buy deposit queries.
Though the percentage may vary from anywhere between 20% to 40%, the minimum deposit for a buy-to-let mortgage tends to be 25% of the property value.
If you are on your lenders SVR (Standard Variable Rate of Interest) you may have increased chances of saving money. Our team are able to compare the new products available against your current mortgage deal, in order to work out what your savings could possibly be. If you have any equity sitting in your property, a remortgage would allow you to release some of this money for things like home improvements.
You may find yourself with the option to take out a remortgage, with the intention of increasing the size of your mortgage to pay off any unsecured debts you may have. Please do not rush into this though as there are negatives to be weary of. We highly recommend that all homeowners always seek expert mortgage advice in Scunthorpe before consolidating debts!
Your initial free remortgage consultation in Scunthorpe will last for about an hour. Your designated mortgage advisor will then compare a new deal versus your current product and recommend the most appropriate one, with no obligation for you to proceed.
When you start the Remortgage process, you’ll be facing similar fees to when you took out your initial mortgage. Your dedicated mortgage advisor in Scunthorpe will run through all of the fees with you and take them into consideration when comparing the savings of the new deal versus your current mortgage.
Your free mortgage consultation in Scunthorpe with a dedicated advisor will last for approximately one hour. From that point, we will then recommend a mortgage for you, with no obligation to accept and proceed if you change your mind at any point.
We will carry out a Fact Find to establish your individual circumstances and needs prior to recommending the most suitable mortgage. A credit check is something that will be required for an Agreement in Principle. Once you have given all the relevant documentation and a valuation of the property has been undertaken, a formal mortgage offer can then be issued to you.
To avoid facing disappointment at a later stage, we recommend you obtain an Agreement in Principle before you begin any property viewings in Scunthorpe. At the very latest you should obtain one before you start making offers, as that will assist your bargaining position.
An Agreement in Principle will generally last for anywhere between 30 and 90 days depending on the mortgage lender. If your Agreement in Principle expires, your mortgage advisor in Scunthorpe can refresh this for you.
It may be possible to get a second mortgage on your home if you’re looking to work towards debt consolidation or any home improvements, as well as if you’re wanting to use it for yourself, a family member, a holiday home or a potential Buy to Let.
The minimum deposit when for a property purchase in Scunthorpe with High Street Lenders is 5%, though it can be higher if you have had prior credit problems.
If you have a recent history of credit problems, it’s not impossible for you to get a mortgage, though you may possibly be required to put down a slightly higher deposit than typically expected, perhaps 15% of the property purchase price.
The documents you will need if you are an employee are three payslips to prove income and for self employed, you will need the latest 2 years’. As well as this, you will also need proof of ID, address and 3 months’ bank statements.
A free consultation usually lasts up to an hour or so. An agreement in principle can be ready for you within 24 hours. It takes on average three weeks for a formal mortgage offer.
You will be eligible for a mortgage but only once you have submitted at least one year’s accounts. Many Lenders calculate the maximum mortgage by taking your salary plus dividend, however, others are known to go off your net profit.
4.81 Rating16 Reviews
Dealt with my mortgage arrangement and application in super quick time. Very efficient and would recommend to everyone.
Leo and Lyndsey were fantastic! No issues at all, and all very quick and efficient. Thankyou so much
She was so helpful. I felt hopeless after just having my mortgage declined by a high Street bank and she's given me some hope again.
Amazing and really friendly service. Really glad I choosed this company for my remortgage. I would definitely recommend this company to everyone
I would highly recommend Scunthorpemoneyman to anybody needing the service. They have been very quick to respond to any questions and I have had to do next to nothing through the hole process they have handled everything brilliantly.
Fantastic advice and guidance throughout the full process. Malcolm and his team were extremely knowledgeable, efficient and responsive during our mortgage application. When we came across obstacles, these were dealt with quickly and advice given on...
Absolutely fantastic service from all at Scunthorpe money man. The staff are so friendly and helpful, nothing is too much trouble, any questions answered. Kept up to date all the way through, I would recommend to anyone. Many thanks for all...
Outstanding service from start to finish with every member of the team helpful and friendly. I could rely on them for advice and updates at all stages.
Wow..... what a fantastic team they are Matt,Mel and Wendy did a fantastic job for me been messed around by other brokers in the past but from the very first phone conversation I knew they had my best interests. Fantastic communication always kept...
Thanks so much to the team. You made everything so easy and clear. I would highly recommend your services.
Great communication from start to finish and even after finding a mortgage deal for us Jason kept looking and found a even better one at .5% less
A fabulous company to deal with who put my mind at ease and everything that they required in the manner of documentation was never a problem, Matt, Leanne and Wendy kept in constant contact with me and gave me a 5 star service, in actual fact it was...
I can’t thank Matt and Mizna enough for all there help and hard work! Nearly time to sign for our house and it wouldn’t have been possible without the help of Scunthorpe Money Man! Thank you all!!
Absolutely fantastic staff! I stumbled across Scunthorpe Money Man on google, with just one call the ball was rolling...fast, efficient, friendly and supportive. People say mortgage applications are stressful and boy they are not wrong but with the...
Very happy with the service provided, Excellent service from start to finish. I would definitely recommend Scunthorpe Moneyman and would use them again in the future. 5* Experience.