01908 597655The 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…]
Mortgage Light’s Christmas Giveaway Ts&Cs
- 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:
Watch on demand: The Here to Help Job Search Webinar
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…]
Mortgage Light welcomes four new members to the team
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…]
What is Mortgage Porting?
Moving house can be a really exciting time; scouring RightMove for potential new homes, heading to viewings and finding ‘the one’, and then getting your own house up on the market to sell. Amongst all of this, however, it’s really important to decide what your next move will be in terms of your mortgage. Should you find a new mortgage deal, or try to port your existing one? [Read more…]
Here to Help: Mortgage Light teams up with EAC Consulting to launch Here to Help: Job Search Workshop
We’re proud to have partnered with recruitment agency EAC Consulting to launch the Here to Help Job Search campaign – an initiative designed to support people looking for work in the area as the second lockdown continues. [Read more…]
Switching to a New Mortgage Deal
When you take out a mortgage to buy your home, you typically take a deal that is to be paid off over the next 25-30 years. That doesn’t mean, however, that you have to stick with that original deal or lender for the whole of that term. In fact, it often makes sense to move your mortgage borrowing around onto different deals, or different lenders to take advantage of deals that might be available. Transferring your mortgage borrowing without moving house is known as remortgaging. [Read more…]
Self-Employed Mortgage – How Does it Work?
When you are self-employed, you may wonder how much you can borrow when taking out a mortgage. The nature of being self-employed often means that your income is not fixed each month/year. Without the security of a contract of employment, you may find it difficult to persuade some lenders that your income is stable enough to allow them to approve you for the mortgage that you want. [Read more…]
Shared Ownership – How Does it Work?
The Shared Ownership scheme has been around now since the 1970s. It’s a very popular way for those on low incomes or with low deposits to get onto the housing ladder. Shared Ownership has been described as a cross between homeownership and renting – but how does it actually work? [Read more…]
Is Shared Ownership a Good Idea?
If you would like to buy a property outright but you can’t raise a mortgage large enough to complete the purchase, then you might consider making use of the Shared Ownership scheme. The Shared Ownership scheme is designed to make buying a house more accessible for people on a lower income or who have low deposits- but is it a good idea? [Read more…]