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Mortgage Advice in Sheffield

Damian Youell

Damian Youell

Are you in need of Mortgage Advice in Sheffield

Over the years I have built up clients from lots of areas within Sheffield. Areas include Hillsborough, Walkley, Stocksbridge, Ecclesall, Arbourthorne, Nether Edge and Ecclesfield.

A Few of our Reviews

Damian Youell

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How We Work

1: We contact you and take down your details, income outgoings, name, address etc.

2: We will research the whole market and email you a detailed quote as well as a list of documents to proceed.

3: You upload the documents and information needed via our channel our online portal.

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Efficient Easy to Understand Process..

The first step in the mortgage advice process is for us to have a brief initial chat. You can ring us on free phone 0800 612 3367. We can then have a few minutes of chat to work out whether what you are trying to do is possible. At this stage, only a brief outline of what you are trying to do is covered. If you are at work and cannot make a call you can contact us via email to have a discussion about what you are trying to achieve. At this stage, it may be that what you are trying to do is not possible for example if you have no deposit or not enough income. However, in most cases, we can help and then we will arrange a convenient time to call you to go through things in more detail.
Once we have determined that I can help you then I need to find out hard and soft facts about you so I can begin to formulate solutions. Areas I need will cover basic details like full names and addresses, date of birth, employment status and income. Other areas will include your credit commitments and outgoings. Lastly we will talk about the mortgages you want what deposit you have, what your budget is, what type of interest rate you would prefer. We will also look at what protection solutions you have in place and how whether or not these will be suitable for your new mortgage. We will discuss time scales and when you are looking to move with the solution and then agree a time when I will email the figures to you.
The detailed mortgage figures will enable you to know two things. Firstly that what you are looking to achieve is definitely doable. Secondly, you can look at the figures and work out whether the payments are affordable and thus the idea feasible. Included in the top of the email is a summary of what we discussed and a brief overview of the deposit, loan etc. The middle section details the mortgage figures such as the interest rate, term, monthly payment, fees and charges etc. This information is also attached in the form of a key fact illustration. The bottom of the email lists all the items that would be required in order to proceed with the application such as payslips, passports, and bank statements so you can prepare these for our home visit.
The final step is for me to pop out to see you scan any of the required documents that the lender requires. Typically payslips, bank statements, passports, and address ID will be required. Other information such as the address of the property you are buying, the name of the estate agents you are buying through, the name of a solicitor you want to use etc will need to be gathered. Once this is complete then I will fill in the application form on your behalf and deal with the lender throughout the whole process until the mortgage has been completed.

Types of Mortgages Offered

First Time Buyers

I offer expert advice and house buying guidance for those first time buyers looking to get on the housing ladder. The mortgage process can seem confusing for first time buyers and having someone to explain the complex jargon in easy to understand language can simplify the process. Many first time buyers only have small deposits and therefore shopping around to get the best deal from the whole mortgage market is important. As well as the mortgage itself helping first time buyers take advantage of the various protection policies that are available and helping them choose the right solution for their own situation is important. Ensuring that the lender offered to the first time buyer is the right one and that the applicant fits all the lenders criteria is taken care of by myself.
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Equity Release Lifetime Mortgages

Equity Release is a product which allows you to unlock cash from the value of your loan. One of the popular Equity Release Product is a Lifetime Mortgage. Lifetime mortgages are designed for people who want to release equity in their property and use the money to pay off other debts or simply enjoy life without worrying about repaying the mortgage. The main benefit of this type of mortgage is that it can be used as an alternative to paying off debt, such as credit cards or personal loans. The interest on these types of products will typically be lower than standard variable rate mortgages. We now have a dedicated adviser who specialises in equity-release mortgages. If you are age over 55 and need equity release for home improvements, paying off an interest-only mortgage, a gift to family or another reason for equity release then feel free to contact us.
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Buy to Let Mortgages

Many clients that I see these days either already have buy to lets or are quite keen to get their own first time buy to let mortgages. The high street doesn’t really offer much choice when it comes to buy to let mortgages. Many of the high street lenders have their own specialist lender for buy to lets such as The Mortgage Works or Birmingham Midshires. These lenders are often only available through intermediaries such as mortgage brokers. Many of the buy to let lenders have criteria that is hard for clients to match and thus comparing lots of lenders and knowing each lenders criteria is sometimes the only way a client can get a mortgage agreed.
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Remortgages

Many clients I see often just want to remortgage to get a better interest rate. Others want to move the mortgage from interest only to a capital and interest repayment mortgage. Others want to release equity from their homes to do home improvements, give family a deposit, raise funds to buy another property, divorce settlements and a host of other reasons. Again comparing the whole mortgage market’s rates and lending criteria helps my clients get the right mortgage for their unique circumstances.
Meet Our Specialist Mortgage Broker
Damian Youell

Feel Free To Start WhatsApp Chat With Us...

How We Work

1: We contact you and take down your details, income outgoings, name, address etc.

2: We will research the whole market and email you a detailed quote as well as a list of documents to proceed.

3: You upload the documents and information needed via our channel our online portal.

Feel Free to Contact Us

FAQs – Mortgage Broker Sheffield

Who is a mortgage broker?

A Mortgage Broker is an individual who will find you a suitable mortgage for your needs. They are not regulated by the Financial Conduct Authority (FCA) but they must be registered with the FCA to offer advice on mortgages. If you are interested in applying for a mortgage in Sheffield and you may need to hire a mortgage broker as per your requirements.

What does a mortgage broker do?

They can help you to compare different types of loans and mortgages and advise you on which one best suits your financial situation. A mortgage broker will also provide you with information about the products available and what fees apply. You should always check that any mortgage broker or adviser you use has been authorised by the Financial Services Authority (FSA). This means that they are regulated by the FSA and follow certain rules and regulations. It’s important that you know exactly how much commission they charge before you agree to their services. The amount charged varies depending on the type of loan product you choose.

How long does it take to get a mortgage in Sheffield?

It depends on the lender you choose. Some lenders require just minutes while others could take weeks. However, if you’re looking at a mortgage over £150k then you’ll want to make sure you’ve got a good deal.

Why would I need a mortgage broker?

There are many reasons why you might need a mortgage broker. For example, if you don’t understand all the jargon associated with a particular type of loan, you may struggle to decide between two similar options. Or perhaps you’re struggling to save enough money to buy a property. In these situations, a mortgage broker can help you to compare various options and find the right solution for you.

Can I go direct to a bank?

Yes, you can! But remember that banks aren’t obliged to give you a mortgage. So, if you’re looking for a specific type of loan, such as a home equity loan, you may need to look elsewhere. Banks usually only lend to people with a proven track record of saving and paying back debts. And this is where a mortgage broker comes into play.

Are there any other benefits to using a mortgage broker in Sheffield?

Yes. There are several advantages to hiring a mortgage broker. One of them is that they can negotiate better deals than you can alone. Another advantage is that they can help you to avoid hidden costs. These include charges for credit checks, valuation reports and legal fees. Finally, a mortgage brokerage ensures that you receive the most competitive rates possible.

Do I need a deposit when getting a mortgage in Sheffield? What happens if I don’t have a deposit?

You don’t need a deposit to get a mortgage in the UK. However, some lenders may ask for a minimum deposit of 5% of the value of the house. If you don’t have a deposit, you may be able to borrow from friends or family members. Alternatively, you can try borrowing against your current assets.

Is it worth buying a property in Sheffield?

Buying a property in Sheffield is a great investment. Property prices are rising across the country, so now is the time to invest in a property. As well as being an excellent way to earn income, owning a property gives you the opportunity to build up a portfolio of properties.

What do I need to consider when choosing a mortgage in Sheffield? How do I choose a mortgage?

When choosing a mortgage, you need to think carefully about the terms and conditions. This includes things like interest rate, repayment period, monthly payments and whether you pay off the whole balance each month. You also need to consider the total cost of the mortgage. This includes the initial fee, ongoing fees and the overall cost of the loan.

Check Our Equity Release Mortgages Section

About The Author

mortgage broker damian youell

See some of Damian’s client reviews below

Damian is an experienced mortgage broker, founder of NeedingAdvice.co.uk Ltd and company director. With over a decade working as a mortgage broker he has a strong understanding of hard to place mortgage cases. With hundreds of 5 star client reviews. hundreds of repeat clients his work speaks for himself.

He started NeedingAdvice.co.uk as a one man band with the philosophy of putting clients needs ahead of his own. This ethos of offering excellent customer service has helped the business grow over the years. He gets satisfaction on getting cases pushed through to offer stage where other mortgage broker and companies have failed.

Throughout his time as an adviser he has carved out a niche area of advice helping clients with their business protection requirements too. Having helped hundreds of client with Relevant Life Policies, Shareholder Protection Insurance, Keyperson Policies and other important protection requirements of large to small businesses.

At home he is a family man and likes to spend his time with his four children and wife Lisa. He enjoys going on holidays spending time with friends and going for walks.