What documents will I need to submit?

To back up your mortgage application, you’ll have to provide some evidential documents. This will include things like ID, bank statements, your latest P60 and payslips.

Your dedicated Mortgage Broker in Coventry will go through every step with you to make sure that you get it right!

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

It may require you to try and obtain a specialist product, however, yes, it can be possible to get a mortgage despite having bad credit. As a Mortgage Broker in Coventry, in the past, we’ve seen lenders request 10%-15% deposits.

Can I get a second mortgage in Coventry?

Yes, you can get a second mortgage in Coventry. Here are the most common reasons why people want a second mortgage:

– Debt consolidation
– Home improvements
– Buy to Let
– For a better deal
– Divorce/Separation

Even if your situation isn’t on this list, still feel free to get in touch and we will if we can help.

How does the mortgage process work?

The mortgage process can be made simple by using a Mortgage Broker in Coventry like us. Our mortgage process includes a simple fact find, a free mortgage consultation, then application submission. We can arrange an Agreement in Principle within 24-hours of all of this. We just need some evidential documents from you then we can get the ball rolling!

Are there fees involved in Remortgaging?

When it comes to your Remortgage, the fees involved will be similar to those when you started your current mortgage. Your dedicated Mortgage Advisor in Coventry will run through these fees with you. We will always take these fees into account when recommending a new product.

How does the free remortgage consultation work?

Your free remortgage consultation will last around an hour. During your consultation, you will speak with a Remortgage Advisor in Coventry who’ll ask you some questions to learn a little more about your remortgage needs.

Once they know a little more about you, they can go away and start comparing remortgage products. They will compare new deals to your current product and then recommend whether you change or not. If we find a competitive deal that will benefit you, we will recommend that you take it. However, if we feel like it’s best that you stay with your current deal, we will be open and honest with you and tell you so.

Can I consolidate my debts into my mortgage?

If you have built up unsecured debts (e.g. personal loans), and are struggling to pay them off, depending on the size of your mortgage and the size of the debts, you may be able to incorporate your debts into your mortgage.

As a Mortgage Broker in Coventry, we recommend that you don’t rush into debt consolidation. The topic is quite complicated and there are some downsides to doing it. In light of this, we’d advise that you speak to a Mortgage Advisor in Coventry before starting the process.

Why should I bother to remortgage?

Once you complete your fixed-mortgage term, you will fall straight onto your lender’s standard variable rate of interest (SVR). Their SVR is likely to have a higher rate of interest than your current product’s rate, which means that you’ll be paying more for your mortgage payments each month.

This is why it’s important to Remortgage. Remortgaging could help you find a better mortgage deal that is not only competitive but also matches your personal and financial situation.

Our job is to try and find you a deal that saves you time and money. We will compare your previous mortgage deal to 1000’s remortgage products in order to make sure that you are gaining more switching than renewing your current deal. We will be open & honest with you during every step of the process.