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We're Here to help you find the right mortgage.
Join other Essex based Families who trusted the experienced advice of a Bright Future Mortgage Advisor and had an offer accepted on a property within 24 hours of speaking with us or started their remortgage application on the same day.
We are a trading style of Simply Lending Solutions who have been featured in:
The First Steps
The Key things you need to know about home mover mortgages
The amount you can borrow is dependent on your verified income and your outgoings. If you have no debt, the amount that you can borrow is usually around 4.5x your income e.g. £40k salary = £180,000.00 loan amount. The amount that you can borrow can change depending on your debts, credit history, age, and lifestyle. Furthermore, some lenders lend more than others. The best option for anyone wanting to find out exactly how much they can borrow is to speak with a qualified mortgage advisor.
The amount that you pay each month on your mortgage is dependent on your loan amount, mortgage term, and interest rate.
By law, when you buy your first property you will need home insurance. Life insurance is a separate policy designed to pay you or your family an income or a lump sum should you fall seriously ill or die during the mortgage term. It is not obligatory, but 1 in 2 people in the UK contract cancer during their lifetime and it is a sensible choice to commit to a life insurance policy early in your life as policies become more expensive in older age.
Potential lender fees, valuation fees, solicitor fees. You should also consider stamp duty and moving costs.
The main types are fixed-rate mortgages and variable-rate mortgages which include tracker, discounted, and capped. The most common form is a fixed-rate mortgage. This is where your monthly payments remain consistent between 2-15 years.
Bad credit can be a result of having defaults, county court judgments, and missed payments on your credit file. Getting a mortgage with bad credit is available but you may need to go to a specialist lender that may offer higher interest rates and fees. We advise that you speak with a mortgage adviser regarding your options. We are very able to deal with bad credit mortgage applications.
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Hi,
Thank you for enquiring with us. We look forward to speaking with you over the phone.
Regards,
Bright Future Mortgage Advisors
27 Duke Street, Chelmsford, CM1 1HT
01245 206030
Your home may be repossessed if you do not keep up repayments on your mortgage.
All content on the Bright Future Mortgages website is believed to be accurate at the time of publication. However, this is a fast-moving sector and lender criteria and policies change regularly. For this reason, we always recommend that you speak to one of our advisers for the most up to date information.
Articles can only ever provide general information and do not constitute financial advice. Our mortgage advisers are fully regulated by the Financial Conduct Authority, and it is only by speaking to them that you will receive advice and information tailored to your individual circumstances. You should always think carefully, and seek professional advice, before securing other debts against your home or releasing equity from your home.
Bright Future Mortgage advisors are a trading style of Simply Lending Solutions Ltd Registered in England & Wales. Company No 09676170.
Registered Address: Barn 12, Runwell Hall Farm Hoe Lane Rettendon Common Chelmsford Essex CM3 8DQ. Authorised and regulated by the Financial Conduct Authority. We are entered on the Financial Services Register No 745164 at https://register.fca.org.uk/. The information contained within the website is subject to the UK regulatory regime and is therefore primarily targeted at customers in the UK.
Should you have cause to complain, and you are not satisfied with our response to your complaint you may be able to refer it to the Financial Ombudsman Service, which can be contacted as follows
The Financial Ombudsman Service
Exchange Tower, London, E14 9SR
Tel: 0800 023 4567 or 0300 123 9 123
www.financial-ombudsman.org.uk