Mortgage Broker in Corby

How much you can borrow for a mortgage depends on a few important things, mainly your income, regular spending, and any existing financial commitments.

Lenders usually offer around 4 to 4.5 times your annual income, but this can vary depending on your financial circumstances and the lender’s own criteria.

They’ll consider how you earn your income, whether that’s through a salary, bonuses, or self-employment, and how stable it is.

Your credit history, mortgage term, and any other outgoings will also be factored in.

We’ll help you work out a realistic borrowing figure early in the process, so you know what’s possible before you start looking at properties in Corby.

Your deposit is the amount you’ll put down upfront when buying a home, and it plays a big role in shaping your mortgage options.

For most residential purchases, you’ll need at least 5% of the property’s value. So if you’re buying a home in Corby for £200,000, you’d typically need a minimum deposit of £10,000.

The more you can put down, the more choice you’re likely to have. A 10% or 15% deposit often unlocks lower interest rates and more competitive deals, which could reduce your monthly repayments.

If you’re buying a property to rent out, the deposit requirements are higher, usually starting at 20% or more.

We’ll help you understand what works best for your situation and explore what’s possible based on the amount you’ve saved.

Yes, getting a mortgage with bad credit is still possible. While some high street lenders may be more cautious, there are others who take a more understanding approach.

Missed payments, defaults, or even CCJs don’t always mean a mortgage is out of reach. It often comes down to how recent the issues were and what your situation looks like now.

We’ve helped many customers in Corby find a mortgage by working with specialist lenders who focus more on where you are today, rather than just your credit history.

Knowing which lenders are open to different backgrounds makes all the difference—and that’s where we can help.

Once you’ve found a property and your mortgage application is in, it usually takes a few weeks to get a formal offer, depending on the lender and how straightforward the case is.

Some applications are processed quickly, while others may take a little longer if more checks are needed or if things are more involved.

From your first enquiry through to completion, the whole home-buying process typically takes a couple of months. We’ll keep everything on track and make sure you’re kept in the loop at every stage.

When you apply for a mortgage, lenders need to check your identity, income, and overall financial picture to make sure the loan is affordable.

You’ll usually be asked to provide proof of ID, recent bank statements, payslips or tax returns, and details of any loans or credit cards.

If you’re self-employed, you might also need two to three years of accounts or documents from HMRC, like SA302s and tax year overviews.

If you’re unsure what to gather, that’s not a problem, we’ll let you know exactly what’s needed and help you get everything in order.

Remortgaging can be a smart move, particularly if your current deal is coming to an end.

Many homeowners in Corby look at remortgaging to avoid being switched onto their lender’s standard variable rate, which often means higher monthly payments.

It can also be a useful way to release equity for things like home improvements or to bring other debts into one manageable payment.

We’ll take a close look at your current mortgage and future plans, then talk you through whether switching makes sense for your situation.

Yes, self-employed applicants can absolutely get a mortgage.

The process just works a little differently compared to someone in a salaried role.

Lenders will usually want to see how much you’ve earned over the past couple of years. This often means providing tax returns, SA302s, or business accounts to show a clear picture of your income.

We’ve worked with plenty of self-employed clients in Corby and understand what different lenders expect.

We’ll guide you through each step and help you find a deal that suits how you work and earn.

A mortgage in principle, also known as an Agreement in Principle, is a statement from a lender showing how much you could potentially borrow based on a few initial checks.

It’s not a full mortgage offer, but it gives you a strong idea of your budget and can help show estate agents that you’re ready to move forward.

It’s quick to arrange and often one of the first steps we take with customers in Corby who are starting their home-buying journey.

Choosing to work with a mortgage broker in Corby means you’re not restricted to just one lender’s deals.

We compare thousands of mortgage products to find one that suits your situation, whether you’re buying your first home, moving, remortgaging, or dealing with something a little more complex.

Because we understand what different lenders are looking for, we can help you avoid delays and make the process run more smoothly from the start.

Yes, there are mortgage options available if you’re over 60.

These include standard mortgages, retirement interest-only products, and other later life lending solutions.

Whether you’re looking to downsize, release some equity, or move to a new home, we’ll explore what’s available based on your income, the property, and your future plans.

We regularly help customers in Corby find mortgage options that suit their stage of life and offer the flexibility they’re looking for.

Buy to let mortgages are for properties you plan to rent out rather than live in, and they work differently from a standard residential mortgage.

Lenders will focus on the expected rental income when deciding how much they’re willing to lend. You’ll usually need a larger deposit too, often around 20 to 25%.

Rates and fees can vary, and the process may differ depending on whether you’re applying as an individual or through a limited company.

We’ll explain how it all works and guide you through each step, helping you understand what’s needed and which lenders are the right fit for your plans

A bridging loan is a short-term finance option used when you need quick access to funds, often between buying a new property and selling your current one.

They’re also popular for auction purchases or buying properties that need major work and aren’t yet suitable for a standard mortgage.

Bridging loans tend to move faster and come with a different set of criteria.

If you’re thinking about a bridging loan in Corby, we’ll talk you through the costs, timescales, and how repayment would work, so you can decide if it’s the right choice for your plans.