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Are there fees involved in Remortgaging a property in Cambridge?

The fees involved in Remortgaging will be similar to those involved at the start of your existing mortgage. Your Mortgage Advisor in Cambridge will be able to run through all of the fees with you before making any decisions when comparing the savings of the new deal against the current mortgage you are on.

How does the free remortgage consultation in Cambridge work?

Your initial free remortgage consultation with one of our Mortgage Advisors in Cambridge will last approximately an hour. Proceeding with the consultation will help compare a potential new deal against your current product, recommending the most appropriate one for your needs, with no obligation to proceed if you decide not to proceed.

Can I consolidate my debts into my mortgage in Cambridge?

Although we don’t recommend this subject without seeking expert Mortgage Advice in Cambridge before consolidating any debts, they may have. You may be able to remortgage and increase your mortgage’s size to pay off any unsecured debts you may have accrued over time.

How much deposit do I need for a Help to Buy mortgage in Cambridge?

For a New Build, you will be looking at at least 5% of the property sale price in Cambridge. The Government will kindly loan you up to 20% of the value of the property, but you will pay back the loan from the Government over time.

How does the mortgage process work?

Firstly, you need to fill out our Fact Find to get an idea of your current personal and financial situation. Next, our team will pass over this information to your dedicated Mortgage Advisor in Cambridge, and they will keep in touch to schedule your free mortgage consultation. You will get asked a series of questions to help build up a profile; this will help them pick out a mortgage deal tailored to you.

Secondly, once the consultation is over, a credit check will carry out, and this will help you obtain an Agreement in Principle. Granted, if you are okay with everything and happy to proceed, we will then ask for some documentation to help strengthen your application.

Lastly, with your Agreement in Principle, submitted evidential documentation and a comprehensive mortgage offer that you’re happy to continue with, you can move onto the last stage – mortgage application submission!

How long does an Agreement in Principle last?

The time scale can alter depending on the Lender but on average, an Agreement in Principle will likely last around 30-90 days.

If you’re Agreement in Principle expire, worry not. It’s an easy process to renew. Speak to one of our Mortgage Advisors in Cambridge or your current Lender to arrange a renewal of your Agreement in Principle.

Can I get a second mortgage in Cambridge?

You sure can! If you are wondering why someone might want a second mortgage, here are some popular situations:

???? Debt Consolidation
???? Home Improvements
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???? For a second home/holiday home

If you are looking for a second mortgage, contact our mortgage team in Cambridge today, and see how they can help you.

Can I get a mortgage in Cambridge with previous credit problems?

It may be harder for you to obtain a mortgage with past credit problems, but not impossible depending on circumstances. You may get asked to put down a larger deposit, which will vary depending on your lender.

If you are suffering from bad credit, give us a call, and our advisors will be more than happy to try and help. We have a wide variety of specialist mortgage lenders who may have the perfect mortgage deal for your financial situation.

I am Self-Employed in Cambridge, can I get a mortgage?

Yes, the good news is it is possible to obtain a mortgage as a self-employed worker depending on circumstances. First. You need to produce at least one year’s accounts.

To work out the maximum mortgage amount you can borrow, Lenders will use your salary + divided, whereas others might go off your net profit.

What documents will I need to provide for my mortgage application?

Whether you’re applying for a mortgage or looking to remortgage, there are a few documents lenders will always want to see during the process. You will get asked to provide some evidential documents to back up your mortgage application. For example, you’ll need things like ID, bank statements, payslips.

Don’t worry if you forget any of these documents listed; your assigned Mortgage Advisor in Cambridge will run through all of this with you, so nothing gets missed.

Cambridgemoneyman.com & Cambridgemoneyman are trading styles of UK Moneyman Limited, which is authorised and regulated by the Financial Conduct Authority.
UK Moneyman Limited is authorised and regulated by the Financial Conduct Authority.
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