About Mortgage Light

No, you don’t have to use a mortgage broker. It is possible to approach lenders and undertake the process yourself. However, we would only advise you to do this if you have an extensive understanding of the mortgage market. Without a good understanding, you could end up with an unsuitable mortgage product which could potentially cost you a lot of money in the long run.

Yes, we have access to the whole of the mortgage market. We are not tied to certain lenders, which allows us to find the right mortgage for you.

There are many benefits of using a mortgage advisor instead of going directly to a bank or lender. Firstly, you could potentially get a cheaper and more suitable mortgage deal than if you went directly to a bank or mortgage lender. This is because we have whole-of-market access with visibility of deals that you wouldn’t be able to otherwise access.

We will also know which lenders are most likely to accept your application, vastly reducing your chances of getting rejected, which could set you back in the long run.

Your consultation, discussion and agreement in principle with us will always be free. If you decide to use our services, our fee is payable on mortgage application. We charge up to 1% but our typical fee is £495 for all new residential applications, £645 for loan sizes of £50,000 or lower, and £695.00 for limited company buy to lets. However, with our existing customers our fee is reduced to £250 for a remortgage or if we end up doing a product transfer we do not charge.

We understand the timescales that are imposed on buyers and we work alongside you to try and make the transactions as smooth as possible. We aim for all mortgage offers to be issued within a 7-14 working day timescale, as long as we are in receipt of all the documentation that is required.

We will offer advice to anyone, no matter where your location. That being said, we predominantly service the areas in and around Milton Keynes and the South of the UK.