About the Simply Lending Solutions Rotherham Mortgage Broker Team
Opened in 2019, the Simply Lending Solutions office in Rotherham has been set up to provide support for the rapidly growing demand for specialist mortgages and expert independent mortgage advice in the Rotherham area.
The Rotherham mortgage brokers have access to the whole of the market to source you the best possible mortgage for your circumstances. Providing local Rotherham mortgage services and also working across the UK, all our experienced brokers bring their expertise to bear whether dealing with you over the phone or in person.
Our Specialist Mortgage Services in Rotherham
As well as offering independent access to the whole mortgage market for all services including second charge, we are proficient in dealing with unusual mortgage circumstances and applications; e.g. freelance work, or where proof of income is tied to other sources like limited company ownership, or bonus or dividend payments. We also specialise in unusual property type/construction mortgages.
Talk to one of our independent mortgage experts in Rotherham for:
Simply Lending Solutions Rotherham mortgage advisers can help with all types of mortgages
Meet The Team
Home mover mortgage
Moving home appears in many surveys as one of the most stressful life experiences. Using an experienced and knowledgeable Rotherham mortgage broker will help take one of the most stressful aspects of the process away.
At Simply Lending Solutions we work with you and assess your circumstances; your existing credit history, income, outgoings and the equity in your current home versus the cost of the property you’re purchasing, to ensure that you’re matched to the right lender and deal. This means that we do the hard work for you and make your house move that little bit simpler.
Remortgaging has become ever more common, as customers get savvier about getting the best rate and moving away from high street lenders standard variable rates. However, not all deals are available on the high street and may not be applicable when any unusual or specialist personal circumstances are taken into account.
We work a little differently, offering professional mortgage advice in Rotherham and reviewing the pros and cons of each deal; as an example, the fees and setup cost of some mortgages mean they are actually more expensive than their great headline rate makes them look.
Our experienced brokers will ensure that you’re aware of any costs you may incur, such as fees, early repayment charges. We’ll compare all these elements across the market to find the ideal mortgage for your circumstances.
First time buyer mortgage
When you’re buying your first home you want someone experienced and knowledge to have your back. You also need a broker who is independent and has access to the whole UK mortgage market.
The Rotherham-based mortgage broker team at Simply Lending Solutions are experienced in helping you on the steps to owning your first home, with no fees for our initial advice and help, you only pay when you’re ready to proceed and have an actual offer in place. We have access to the whole market and work in many specialist areas too, meaning it’s well worth talking to us to find out how we can help you.
When you’re planning to become a landlord, essentially buying a property to let out for profit, it’s important to find the best mortgage for your circumstances to maximise your return on investment.
The lending criteria works quite differently for buy to let mortgages compared to residential home buyer mortgages. Lenders want to see that your rental income covers the cost of repaying the interest on the loan and that your personal circumstances are considered. This means that your income has a big bearing, a higher rate tax payer will have to have either, a larger deposit or higher rental income, to offset the percentage rate of tax paid being larger.
The Simply Lending Solutions Rotherham mortgage broker team’s familiarity with the processes and the buy to let mortgage market means we can work with you and help with the whole process. Working to get the best mortgage for your needs and ensuring that the deposit and income from the property you’re planning to buy fits the lender’s requirements.
Second charge mortgages
Second charge mortgage are basically a second mortgage. They use equity you have in your property, the difference between its value and the existing mortgage, as security against a second mortgage loan. While affordability will still be considered as part of the application process, a substantial part of the approval process is based on the equity in the property.
In some circumstances this can be a better way of raising equity and be preferable to remortgaging entirely. The Simply Lending Solutions team are fully qualified to advise you on second charge mortgages and will take you through your options, to get the most appropriate mortgage for your circumstances.
Right to Buy Mortgages
The government backed Right to Buy scheme is designed to help public sector renting tenants buy their current home. In order to qualify for the Right to Buy scheme, you need to have been a tenant for at least three years, with a full eligibility guide on https://righttobuy.gov.uk/am-i-eligible/.
With considerable Right to Buy experience, Simply Lending Solutions mortgage brokers in Rotherham understand the challenges you may face. We work with a number of lenders and can help you find a suitable mortgage for your circumstances.
Shared ownership mortgages
There are many shared ownership schemes run by local authorities and housing associations around the county, including some for key workers in certain industries. These schemes let you buy a percentage share of a property, paying rent on the outstanding share, allowing those with smaller deposits and incomes get a foothold on the property market.
Although similar to a first-time buyers mortgage scenario, there are often specific requirements depending on the scheme and the mortgage lender in terms of eligibility. Simply Lending Solutions Rotherham team work with the whole of the market, enabling you to get access to the best range of lenders who will consider your shared ownership mortgage application.
Rotherham Office Location
The Rotherham Office, the South Yorkshire base of our UK team of fully trained, qualified and experienced brokers, is at:
Simply Lending Solutions Ltd
34 Moorgate Road
Telephone: 01709 917446