Mortgage Broker in Dereham

Buying a home as a first time buyer is an exciting milestone, but it’s normal to feel unsure about where to start. From understanding how much you can borrow to saving for a deposit and navigating the mortgage process, there’s a lot to consider.

Working with a mortgage broker in Dereham can help make things clearer. Most lenders expect a minimum deposit of 5% of the property’s value, although a larger deposit could give you access to better mortgage deals. If you’re self-employed, lenders often request at least two years of accounts to confirm income, but there are options for those with shorter trading histories.

We’re here to help you understand your borrowing potential, secure an agreement in principle, and support you through every stage of the process. Our aim is to make sure you feel ready and confident when it’s time to make an offer on your first home.

Moving to a new home comes with important decisions, especially when it comes to your mortgage. Whether you’re upsizing, downsizing, or relocating, finding the right mortgage deal can have a significant impact on your finances.

Some mortgages allow you to transfer your existing deal to your new property, which could help you avoid early repayment charges. If that’s not an option, securing a new mortgage that fits your situation is key. Lenders will look at factors like your income, deposit, and credit history when assessing what you can afford.

As a mortgage broker in Dereham, we’re here to simplify the moving home process, helping you find the right mortgage based on your individual circumstances.

Remortgaging can be a smart way to get a better deal, release equity, or adjust your mortgage to suit your current financial situation. If your fixed-rate deal is ending, you might be moved to your lender’s standard variable rate, which could mean higher monthly payments.

Exploring remortgage options early can help keep your costs under control. It can also be an opportunity to release funds for home improvements, debt consolidation, or other financial plans. Lenders will consider your income, credit history, and affordability when reviewing your application.

With expert mortgage advice in Dereham, we can help you compare deals and find an option that works for you.

Investing in property can be a great way to generate income, but securing the right buy to let mortgage is essential to making it a worthwhile venture. Whether you’re purchasing your first rental property or expanding your portfolio, understanding your mortgage options is key.

Lenders typically require a 25% deposit for buy to let mortgages, although some may accept less depending on the circumstances. They’ll also consider your expected rental income, personal financial situation, and experience as a landlord when reviewing your application.

If you already own rental properties, remortgaging can help you secure a better rate or release funds for further investments. As a mortgage broker in Dereham, we’ll help you find the right mortgage to support your property investment goals.

There are several government-backed mortgage schemes designed to make homeownership more accessible, whether you’re buying your first home or moving to a new one.

• Right to Buy: This scheme allows eligible council or housing association tenants to purchase their property at a discounted price.
• Shared Ownership: This option lets you buy a share of a property and pay rent on the remaining portion, with the flexibility to increase your ownership over time.
• Lifetime ISA: A savings account designed to help first-time buyers save for a deposit, offering a government bonus to boost your savings.

It’s not always easy to determine which scheme is right for you, but we’re here to help you explore your options and find the best fit for your situation.

Getting a mortgage when you’re self-employed can feel more complicated because lenders assess income differently from traditional employment. Most lenders prefer to see at least two years of accounts or tax returns, but there are options for those with a shorter trading history.

If you run a limited company, lenders may also consider retained profits and dividends when assessing your income. Working with a mortgage broker in Dereham can help you find lenders who understand self-employed income structures and offer mortgage deals suited to your situation.

Applying for a mortgage after the age of 55 is more common than many people think. Whether you’re looking to remortgage, release equity, or buy a new property, there are options designed to meet the needs of later life borrowers.

• Retirement Interest Only Mortgages: These allow you to pay interest only, with the loan repaid when the property is sold, you move into long-term care, or pass away.
• Equity Release: This option lets you unlock the value tied up in your home without needing to sell it, with the funds available as a lump sum or in smaller amounts over time.
• Lifetime Mortgages: A type of equity release that allows you to borrow against your home while still owning it, with some plans offering the option to make repayments.

Choosing the right mortgage in later life depends on your long-term plans. As a mortgage broker in Dereham, we’ll help you explore your options and find the solution that fits your needs.

Having a less-than-perfect credit history doesn’t mean you can’t get a mortgage. Whether you’ve had missed payments, CCJs, or other credit issues, there are specialist lenders who offer mortgage products designed for people with adverse credit.

Lenders will review the details of your credit history, along with factors like your income and the size of your deposit. While a larger deposit can improve your chances, there are options available even if you have a smaller one.

If you’ve been turned down elsewhere, speaking with one of our experienced mortgage advisors in Dereham can help. We work with lenders who understand complex credit situations and can offer more flexible solutions.

Bridging loans are short-term finance solutions designed to help cover the gap between buying a new property and selling your existing one. They’re often used to secure auction properties, fund renovations, or manage situations where a traditional mortgage isn’t the right fit.

When applying for a bridging loan, lenders will consider the loan amount, your repayment strategy, and your financial situation. These loans can often be arranged quickly, making them ideal for time-sensitive property transactions.

As a mortgage broker in Dereham, we’ll help you navigate the options available and secure the right bridging loan to meet your needs.