Mortgage Broker in Hastings

Buying a home as a first time buyer is an exciting milestone, but it’s natural to feel uncertain about where to begin. Understanding affordability, saving for a deposit, and navigating the mortgage process can seem daunting at first.

As an experienced mortgage broker in Hastings, we provide the clarity you need throughout the mortgage process.

While most lenders require a minimum deposit of 5% of the property’s value, contributing more can open the door to better rates. If you’re self-employed, lenders often ask for at least two years of accounts, though there are options available for those with a shorter trading history.

From working out how much you could borrow to securing an agreement in principle, we’re here to guide you through every step, helping you feel prepared and confident as you move towards homeownership.

Moving home brings exciting opportunities, but it also involves important decisions about your mortgage. Whether upgrading to a larger property, downsizing, or relocating, finding a mortgage deal that aligns with your needs can make a significant difference to your financial future.

Some mortgage deals allow you to transfer your current agreement to a new property, which can help you avoid early repayment charges. If that’s not an option, finding a new deal that suits your situation is key. Your income, deposit size, and credit history all play a part in determining what’s affordable.

As a mortgage broker in Hastings, we’ll streamline the process, helping you explore suitable options and secure a deal that works for you.

Remortgaging can be an excellent opportunity to reduce costs, release equity, or align your mortgage with your current financial needs. If your fixed-rate period is coming to an end, switching to a new deal could help you avoid the higher costs of a standard variable rate.

Additionally, remortgaging can provide a chance to free up funds for home improvements, debt consolidation, or other personal goals. Lenders will assess your affordability, income, and credit history when considering your options.

By seeking professional remortgage advice in Hastings, we can help you to compare deals across the market and find a solution that meets your financial objectives.

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

Lenders typically require a 25% deposit for buy to let mortgages, though some may accept less. Expected rental income, your financial position, and landlord experience are also considered. If you already own rental properties, remortgaging can help you secure a better rate or release equity for future investments.

As a mortgage broker in Hastings, we’ll guide you through the available options, helping you find a mortgage that fits your investment strategy.

Government-backed schemes offer valuable support for buyers looking to make homeownership more accessible. Some of the most popular schemes include:

• Right to Buy: Enables eligible council or housing association tenants to purchase their property at a discounted price.
• Shared Ownership: Allows buyers to purchase a share of a property, paying rent on the remainder, with the option to increase ownership over time.
• Lifetime ISA: Helps first-time buyers save towards a deposit, with government contributions boosting savings.

We can help you determine which schemes you’re eligible for and guide you towards the path to homeownership that suits you best.

Securing a mortgage as a self-employed applicant can feel more complex, as lenders often assess income differently than for traditional employees. Most lenders prefer at least two years of accounts or tax returns, but there are still options for those with shorter trading histories.

If you’re a limited company director, some lenders will consider retained profits and dividends when assessing your income. As a mortgage broker in Hastings, we know which lenders understand self-employed income structures, making it easier to access suitable mortgage deals.

It’s increasingly common to secure a mortgage after the age of 55, whether to remortgage, release equity, or purchase a new home. Options designed for later life borrowers include:

• Retirement Interest Only Mortgages (RIO): Monthly interest payments with the loan repaid upon sale of the property, entering care, or passing away.
• Equity Release: Unlock some of your property’s value while retaining ownership.
• Lifetime Mortgages: A form of equity release offering flexible repayment options.

With thoughtful planning, we’ll help you explore your options and choose a mortgage that supports your long-term plans.

Having a less-than-perfect credit history doesn’t mean a mortgage is out of reach. Specialist lenders offer products tailored for applicants with adverse credit histories, including missed payments or CCJs.

Lenders will consider factors such as the severity of your credit issues, income, and deposit size. While a larger deposit may improve your chances, suitable options can still be found with smaller deposits.

As an experienced mortgage broker in Hastings, we can connect you with lenders who understand your personal circumstances and offer the most suitable solutions.

Bridging loans are a short-term financing solution designed to cover gaps, such as buying a new property before selling an existing one. They’re commonly used for auction purchases, renovations, or other time-sensitive needs.

Lenders will look at factors like your loan amount, exit strategy, and financial position. Bridging loans can often be arranged quickly, making them ideal if you’re working to a tight timeline. As a mortgage broker in Hastings, we’ll guide you through your options to help you secure the right solution.