When first-time buyers Ryan and Rebecca had their offer accepted on a three-bedroom house in Bedfordshire, they never expected that a bad experience with their first mortgage broker would put their entire purchase in jeopardy. [Read more…]

As a homeowner, it’s generally your mortgage that helps to keep the roof over your head. If, however, you are unfortunate enough to miss a repayment on your mortgage, your lender will initially report this to a credit reference agency as a ‘delinquency’.
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Whether you are a first-time buyer, or selling your current property and moving on to the next, there are a number of fees and charges that you will need to factor into your overall budget when considering the cost of purchasing a house. [Read more…]

A fixed-rate mortgage is a mortgage product where the fixed interest rate is guaranteed to stay the same for an agreed fixed period. It pretty much does what it says on the tin! Unlike with a variable rate style mortgage, you’ll know exactly how much you’ll need to repay each month during the agreed fixed period. [Read more…]

The basic requirements for getting a mortgage are generally a good credit history, a steady and reliable income, plus a cash deposit of a minimum 5% of the value of the property being purchased. Once you have those in order, lenders can assess your suitability as a mortgage borrower, taking into account your employment record, credit history, and general finances. [Read more…]

If you are planning on applying for a mortgage, then it is important to prepare for this as much as you can in advance of submitting an application. You should also start collecting the supporting documentation that will be needed as part of the lender’s assessment process, and in addition, speak to a mortgage advisor for advice and to help you with your budget. [Read more…]

The thought of paying more than the minimum amount you are obligated to pay each month on your mortgage may sound foolish at first. But, upon further investigation, overpaying your mortgage can sometimes make good financial sense. There are a few things to consider first before deciding if this is the right thing for you to do. [Read more…]

• The promoter of this prize draw is Mortgage Light, 1 Whittle Court, Knowlhill, Milton Keynes, MK5 8FT
• The prizes (only one winner per prize) and opening and closing dates are below:

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If you weren’t able to join us live for our Here to Help Job Search webinar, hosted with recruitment agency EAC Consulting, don’t fear – you can now watch the session on demand, right here! [Read more…]

We run a busy office here at Mortgage Light, so we’re very excited to welcome four new staff members to the Mortgage Light family, especially during a year which has caused challenges and uncertainty for many. Let’s say hello! [Read more…]