Mortgages

We’re here to find your perfect mortgage

At Sherwood Mortgages, our expert team is here to find the perfect mortgage for you. With the option to choose from thousands of potential options, from over 65 well-known lenders across the market, we can find exclusive deals that are occasionally available to find the best investment for you.

All you have to do is tell our friendly team about yourself and the home you’re looking to buy, and we’ll set you up with your very own mortgage expert that will guide you through each step of the mortgage process.

Specialist mortgage brokers

The team at Sherwood Mortgages have been advising our customers since 2007, and we do all the mortgage applications and following up on your behalf. We’re here as your dedicated mortgage broker to help you find the best UK mortgage to suit your requirements and needs. You’ll be happy to know we offer mortgage quotations FREE of charge and do all the leg work for you until the keys to your new property are proudly in your hand. Your dedicated mortgage advisor will stay by your side the whole way, keeping you in the loop and getting you the best deal possible for your mortgage.

How does the mortgage process work?

A mortgage is simply a loan that you use to buy a property. When you purchase a property, you'll most likely have to bring in at least 5% of the property's full price and pay for the rest using a mortgage from a bank or building society. You then pay the mortgage plus interest back in monthly instalments over a set number of years. The bigger the deposit, the lower your mortgage interest rate and the smaller your monthly repayments.

What documents do I need?

There are quite a few documents you may need for your mortgage application process. This might include:

  • Passport or driving licence (to prove your identity)
  • Utility bills
  • Proof of benefits received
  • P60 form from your employer
  • Your last three months’ payslips
  • Bank statements of your current account for the last three to six months
  • Statement of two to three years’ accounts from an accountant if self-employed
  • Tax return form SA302 if you have earnings from more than one source or are self-employed
  • Self-employed people should look to provide information alongside their tax return, which supports what the SA302 says about their income, such as bank statements.

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FAQs

How do mortgages work in the UK?

When you get a mortgage in the UK you pay back the amount you have borrowed, plus interest, in monthly instalments over a set period of time (usually around 25 years). The mortgage is secured against your property until you have paid it off in full. Some mortgages in the UK have longer or shorter terms depending on your personal circumstances.

How can I get a free mortgage quotation?

There are a range of places that offer free mortgage quotations and luckily, we’re one of them! Just contact a friendly member of our team and we’d be happy to help.

How much deposit do I need?

There are a number of factors that may determine how much deposit you would need such as your current employment status and age but most people need to bring in 5-10% of the cost of the property for a down payment on a property.

How long does the process take?

There are multiple stages to applications for mortgages in the UK and it typically takes between 2-6 weeks for a mortgage application to be completed.

What are the first steps to getting a mortgage?

The first steps to getting a mortgage are saving enough money for a deposit and making sure your credit score is where it needs to be - once you have done so, you can begin thinking about investing in a property.

Can I get a second mortgage?

Of course! Provided you have a deposit saved up, which may be a higher percentage than your first mortgage, you can get another mortgage. There are plenty of lenders who can offer great deals on any second mortgage you wish to take out, us included. Like your first mortgage, your additional/second mortgage is a loan that's secured against your home and you must keep up with monthly payments.

Why choose Sherwood Mortgages?

The close knit team at Sherwood Mortgages are dedicated experts with over 11 years of experience in getting the right mortgages to suit every client. We work with over 65 well-known lenders across the market, and are able to find exclusive deals to find the best investment for you.

About Us

Sherwood Mortgages of Worksop, Nottinghamshire has been advising customers for over 11 years and can assist you in finding the best UK mortgage to suit your requirements and needs.

Read more About Us and what we do by clicking HERE.

For secured loans, conveyancing, estate agents, solicitors, surveyors and tax planning we act as introducers only.
On clicking the above links, you will leave the regulated site of Sherwood Mortgages Ltd. Neither Sherwood Mortgages Ltd, nor Sesame Ltd, is responsible for the accuracy of the information contained within the linked site.
Your property may be repossessed if you do not keep up repayments on your mortgage or any other debt secured on it.

The FCA does not regulate conveyancing, estate agents, solicitors, surveyors and some forms of tax planning.