Mortgage Broker in Eastbourne

Buying your first home is an exciting milestone, but it can also feel overwhelming. As a first time buyer in Eastbourne, you’ll need to consider your deposit, mortgage affordability, and borrowing options.

Most lenders require at least a 5% deposit, but a 10-15% deposit can give you access to lower interest rates. If you’re self employed, lenders may require two years of accounts, though some will consider one year’s history.

A mortgage broker in Eastbourne can help you understand your affordability, secure an Agreement in Principle, and find the most suitable lender for your situation.

If you’re thinking about moving home in Eastbourne, finding the right mortgage is key to making the process as smooth as possible.

If you already have a mortgage, you may be able to port it to your new home, allowing you to keep your existing deal. However, lenders will still need to assess your affordability. If porting isn’t an option, you’ll need to apply for a new mortgage.

A mortgage advisor in Eastbourne can help you explore your options and secure the most suitable deal for your move.

If your current mortgage deal is coming to an end, it may be time to remortgage to a better rate. Without switching, your lender will likely move you onto their standard variable rate (SVR), which is often higher.

Remortgaging in Eastbourne can also help you release equity from your home for renovations, debt consolidation, or other financial goals.

As your mortgage broker in Eastbourne, we can compare thousands of remortgage deals to help you find the best option for your needs.

Whether you’re a first time landlord or growing your property portfolio, a buy to let mortgage in Eastbourne is essential for making your investment work.

Lenders will assess your expected rental income, and most require a 25% deposit for a buy to let mortgage. Some landlords also explore limited company buy to let mortgages for potential tax benefits.

If you already own rental properties, you may be able to remortgage to a better rate or raise capital for another investment.

Our mortgage advisors in Eastbourne can help you explore your buy to let options.

There are several mortgage schemes available to help make homeownership more affordable:

• Right to Buy – Allows eligible council tenants to buy their home at a discounted price.
• Shared Ownership – Allows you to purchase a percentage of a property, paying rent on the remaining share. Over time, you can increase your ownership.
• Lifetime ISA – A savings scheme where first-time buyers can save for a deposit with a 25% government bonus added to their savings.

A mortgage broker in Eastbourne like us can help you explore these options and find the most suitable route to homeownership.

Bridging loans offer short-term property finance for those needing quick access to funds. These loans are commonly used to buy a new property before selling your current home, purchase an auction property, or finance refurbishments.

Bridging loans are secured against property, and lenders will assess the loan amount, exit strategy, and your financial situation before approving the loan.

If you need specialist bridging finance, our mortgage brokers in Eastbourne can help you find a lender that meets your needs.

Getting a mortgage when you’re self employed in Eastbourne can feel more complicated, but with the right guidance, it doesn’t have to be. Lenders assess self employed applicants differently, focusing on income stability and trading history rather than a fixed salary.

Most lenders require two years of accounts or SA302s, but some may consider applications with one year’s history, depending on the case. If you are a sole trader, contractor, or limited company director, a mortgage advisor in Eastbourne can help find lenders who understand self-employed income structures.

We’ll search thousands of mortgage products to find the most suitable deal for your circumstances.

Getting a mortgage later in life is more common than you might think, whether you’re looking to remortgage, release equity or buy a new home. There are several options available depending on your financial situation and long-term goals.

• Retirement Interest Only (RIO) Mortgages – You pay the interest each month, with the loan repaid when you sell your home, move into long-term care, or pass away.
• Equity Release – Allows homeowners over 55 to unlock some of their property’s value while continuing to live in it.
• Lifetime Mortgages – A type of equity release where interest can roll up over time, with the loan repaid when the property is sold.

A mortgage broker in Eastbourne like us can guide you through these options and help you make an informed decision.

Having a low credit score, missed payments, defaults, or CCJs can make getting a mortgage feel difficult, but it doesn’t mean you’re out of options. There are specialist lenders who offer mortgages to those with adverse credit, though the deposit requirements and interest rates may be higher.

Lenders will assess the severity of your credit issues and may require a 10-15% deposit. If you’ve been declined elsewhere, a mortgage broker in Eastbourne can help you find a lender willing to consider your application.

Even if your credit history is less than perfect, there may still be a way forward.