Blog - Mortgage Light

Getting a mortgage

Latest Post

0% Deposit Mortgage UK: How Renters Are Buying Homes Without Saving for a Deposit

Posted by Mortgage Light 5 months ago

Saving for a deposit is the biggest hurdle for many first-time buyers in the UK. But with the introduction of the 100% Loan-to-Value (LTV) mortgage, also known as the no-deposit mortgage, that barrier has been removed for eligible renters. First launched in 2023, this mortgage product allows qualified buyers to purchase a home without needing... Continue reading

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Remortgaging

Can I Remortgage With Credit Card Debt?

Posted by Mortgage Light 1 year ago

Getting a mortgage

How to Get a Mortgage Without Payslips

Posted by Mortgage Light 1 year ago

Getting a mortgage

Celebrating 13 Years of Mortgage Light

Posted by Mortgage Light 2 years ago

Case Study

Making criteria work

Posted by Mortgage Light 3 years ago

Getting a mortgage

How to Get a Mortgage on a Low Income

Posted by Mortgage Light 3 years ago

Getting a mortgage

5 Reasons to use a Mortgage Adviser

Posted by Mortgage Light 3 years ago

Remortgaging

Can You Remortgage to Buy Another Property?

Posted by Mortgage Light 3 years ago

Here to help

How to Save Money on Bills

Posted by Mortgage Light 3 years ago

Shared Ownership

Can you Fully own a Shared Ownership Property?

Posted by Mortgage Light 3 years ago

Getting a mortgage

What is a Standard Variable Mortgage?

Posted by Mortgage Light 3 years ago

Managing your mortgage

What Happens if I Can’t Pay my Mortgage?

Posted by Mortgage Light 3 years ago

Getting a mortgage

Does Getting Rejected for a Mortgage Affect a Credit Score?

Posted by Mortgage Light 3 years ago

Getting a mortgage

How do Joint Mortgages Work?

Posted by Mortgage Light 3 years ago

Getting a mortgage

What Does LTV Mean?

Posted by Mortgage Light 4 years ago

Getting a mortgage

What Happens if a Mortgage Application Gets Rejected?

Posted by Mortgage Light 4 years ago

Shared Ownership

Do Shared Ownership Properties Increase in Value?

Posted by Mortgage Light 4 years ago

Getting a mortgage

Difference Between Fixed and Tracker Mortgages

Posted by Mortgage Light 4 years ago

Getting a mortgage

How to Save For a House Deposit

Posted by Mortgage Light 4 years ago

Getting a mortgage

How to Get a Mortgage as a Business Owner

Posted by Mortgage Light 4 years ago

Shared Ownership

Is Shared Ownership a Good Idea For First Time Buyers?

Posted by Mortgage Light 4 years ago

Shared Ownership

Is There a Minimum Income for Shared Ownership?

Posted by Mortgage Light 4 years ago

Getting a mortgage

How do I Apply for a Mortgage?

Posted by Mortgage Light 4 years ago

Remortgaging

Can You Remortgage at Any Time?

Posted by Mortgage Light 4 years ago

Shared Ownership

How Much of a Deposit do you Need for Shared Ownership?

Posted by Mortgage Light 4 years ago

Shared Ownership

How to Apply for Shared Ownership

Posted by Mortgage Light 4 years ago

Getting a mortgage

Different Types of Mortgage

Posted by Mortgage Light 4 years ago

Getting a mortgage

Am I Eligible for a Mortgage?

Posted by Mortgage Light 4 years ago

Shared Ownership

What Happens When You Sell a Shared Ownership Property?

Posted by Mortgage Light 4 years ago

Shared Ownership

Shared Ownership – How Does Staircasing Work?

Posted by Mortgage Light 5 years ago

Remortgaging

Can I Remortgage to Release Equity?

Posted by Mortgage Light 5 years ago

Shared Ownership

What is a Shared Ownership Mortgage?

Posted by Mortgage Light 5 years ago

Getting a mortgage

What is a Mortgage Agreement in Principle?

Posted by Mortgage Light 5 years ago

Case Study

Mortgage Light provides a lifeline for first-time buyer family

Posted by Katherine 5 years ago

Getting a mortgage

What Fees are Involved in Buying a House?

Posted by Mortgage Light 5 years ago

Getting a mortgage

What is a Fixed-Rate Mortgage?

Posted by Mortgage Light 5 years ago

Getting a mortgage

What is a Mortgage Guarantor?

Posted by Mortgage Light 5 years ago

Self-employed

Self-Employed Mortgage – How Does it Work?

Posted by Mortgage Light 5 years ago

Shared Ownership

Who is Eligible for Shared Ownership?

Posted by Mortgage Light 5 years ago

Shared Ownership

Shared Ownership Pros and Cons

Posted by Mortgage Light 5 years ago

Remortgaging

Remortgaging on Maternity Leave

Posted by Mortgage Light 5 years ago

Remortgaging

Can You Remortgage With The Same Lender?

Posted by Mortgage Light 5 years ago

Case Study

Shared Ownership Made Easy for First-Time Buyers

Posted by Mortgage Light 5 years ago

Remortgaging

Can You Remortgage to Pay Off Debt?

Posted by Mortgage Light 5 years ago

Remortgaging

How Remortgaging Works

Posted by Mortgage Light 5 years ago

Remortgaging

Can I Remortgage With Bad Credit?

Posted by Mortgage Light 5 years ago

Remortgaging

Can You Remortgage Early?

Posted by Mortgage Light 5 years ago

Here to help

Mortgage Light: We’re here to help!

Posted by Mortgage Light 6 years ago

All of our brokers deal with the whole of the mortgage market. It doesn’t matter what the question or when you want to speak to us, we have brokers available on the phone or face to face seven days a week. Whether you are just thinking of buying a home and have no idea where to start, a seasoned investor or someone looking to better your current mortgage product, we are happy to help andchat over ideas free of charge.

So we can give you plain and simple advice we will run through some basic questions to help us tailor products to suit your needs. Upon us taking your application forward we will write to inform you that we have given you advice and give you a Key Facts Illustration breaking down the important elements of the product and the fees involved.

For us to take your application forward to a lender we charge an upfront administration fee of £495. For our returning customers looking to renew their mortgage product this fee reduces to £250. We also receive commission from the lender.

Our fee is payable upon mortgage application. For standard regulated mortgages, our typical fee is £495 for purchases and £395 for remortgages. Existing clients benefit from reduced rates of £395 for purchases and £250 for remortgages. Product transfers with your current lender are free of charge.

For shared ownership purchases, our fee is £595. Capital raising activities (including debt consolidation, staircasing or Help to Buy repayments) will incur an additional £150.

Buy-to-let fees are £595 for standard purchases and £495 for remortgages, with limited company buy-to-lets charged at £795.

In exceptional or complex cases, a fee of up to 1.5% of the loan amount may be agreed in advance. For applications involving credit impairment, an additional £150 administration fee applies. Additional fees may also apply in some circumstances.

We will receive commission from the lender in addition to the fees you pay. As with all insurance policies, conditions and exclusions will apply.

Your home may be repossessed if you do not keep up repayments on your mortgage. You may have to pay an early repayment charge to your existing lender if you remortgage.

Covering Milton Keynes.

Registered Office: Mortgage Light Ltd, 15 High Street, Brackley, England, NN13 7DH. Registered Company Number: 8184773. Registered in England & Wales.