Mortgage Broker in Scarborough

Our team can help you work out the maximum amount you can borrow for a mortgage in Scarborough. Your Mortgage Advisor in York & Scarborough will ask you to provide documents that support your income and outgoings. They will also look at your credit rating, credit report, and other documentation to make sure that you qualify for a mortgage.

At the very start of your home buying journey in Scarborough, we aim to arrange an agreement in principle within 24 hours of your free mortgage appointment. Armed with an agreement in principle you will be ready to put down any offers on a property.

Whether you fancy living somewhere with a much bigger space or you have fallen out of love with the property, you are going to have to think about the involvement of moving home. Having to sell and buy a home at the same time can be very frustrating. Secondly, you will need to deal with the mortgage aspects; do you try and port your current mortgage, or just take out a new one?

Here at Yorkmoneyman, we can help you make ‘the right’ decision, and go through the most suitable options based on your financial and personal situation. We always want the best for you and will always be open and honest with you throughout the entire process.

If you are a new or existing landlord you will also benefit from our mortgage advice service. Due to our transparent service, we have built strong relationships with buy to let mortgage applicants.

Typically, for a buy to let in Scarborough, you will need to have a 20-40% deposit, depending on your existing portfolio and credit score. Here at Yorkmoneyman, we can perform a credit and affordability assessment during your free mortgage appointment.

If you are self employed applicant in Scarborough, the mortgage process will be similar compared to full time applicants, with the main difference being you will just need to supply more evidential documents to show that you can afford a mortgage while being self employed.

If you are approaching the end of your fixed term mortgage, you will need to start thinking about your options for remortgaging your property. Failing to do so will wind you up on your lender’s standard variable rate of interest. If we manage to find you a more suitable remortgage deal, you could potentially save loads down the line.

There are also other reasons why you may want to remortgage, this includes funding home improvements, releasing equity, and consolidating debt.

Being self employed in Scarborough won’t drastically alter the mortgage process, but there’s a notable difference, the need to furnish evidence of your income.

Your mortgage advisor in Scarborough will assist you in understanding the extra documentation required for a self employed mortgage in Scarborough. Similar to other mortgage situations, they’ll perform an affordability assessment and delve into the available deals tailored to your circumstances.

If you’re interested in the possibility of taking out a mortgage over the age of 55, first you should explore your options to see what is available.

A member of our later-life mortgage team can look at whether you can still go the traditional mortgage route or whether you need something a little more specialist. Simply book your complimentary mortgage appointment online.

Our later-life mortgage team in Scarborough is committed to assisting you with your mortgage needs.