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Facing financial struggles can make homeownership seem out of reach. However, a mortgage broker in Chelmsford like Lightbulb Lending can turn your dreams into reality. Specialising in assisting clients with limited or poor credit, a mortgage broker in Chelmsford helps you navigate the mortgage process successfully, regardless of your financial history. Contact us today for your FREE consultation.
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If you’re finding it difficult to manage your debts, setting up a DMP could be the solution. This is an arrangement with a charity or organisation where you agree to make payments to your creditors based on what you can afford. Having a DMP doesn’t automatically stop you from getting a mortgage, especially when you work with a knowledgeable mortgage broker in Chelmsford.
Need a mortgage broker in Chelmsford? Learn more about DMP Mortgages…
An IVA is an agreement to pay back your debts at rates that suit your financial situation. If repaying debts becomes impossible, you might consider filing for bankruptcy to relieve your financial obligations. Although achieving a mortgage with an IVA or bankruptcy on your record can be challenging, it is achievable with the guidance of an experienced mortgage broker in Chelmsford.
Need a mortgage broker in Chelmsford? Learn more about IVA or Bankruptcy Mortgages…
Worried about having no credit history? Don’t let that stop you from applying for a mortgage. At Lightbulb Lending, your Chelmsford mortgage broker, we’re here to help turn your homeownership dreams into reality. While a lack of credit history might make you a higher-risk applicant, our mortgage brokers in Chelmsford are ready to guide you through the process.
Need a mortgage broker in Chelmsford? Learn more about No Credit Mortgages…
If you’ve missed payments on a credit agreement, you may have a default on your credit file. Failure to repay a debt could also lead to a CCJ. While these issues might limit your options with some lenders, they don’t stop your chances of getting a mortgage. As your Chelmsford mortgage broker, we specialise in helping you secure a mortgage even if you have a default or CCJ on your record.
Need a mortgage broker in Chelmsford? Learn more about Default or CCJ Mortgages…
Yes, it is possible to get a mortgage with a DMP, especially if you have been making consistent payments for at least 12 months.
A mortgage broker in Chelmsford will recommend waiting at least 12 months after starting a DMP before applying for a mortgage.
Yes, it is possible to get a mortgage if you are in an IVA. A higher deposit will likely be required and only certain lenders will consider your application.
The longer the IVA has been settled, the better. Typically, after 12 months, the deposit requirement may decrease, and more lenders may be willing to consider your application.
Yes, you can apply for a mortgage after being discharged from bankruptcy for at least 9-12 months.
Yes, it is entirely possible to get a mortgage with no credit history. A mortgage broker in Chelmsford can provide guidance and advice.
Typically, a minimum deposit of 10% is required, but a larger deposit may improve your chances of approval.
Yes, it is possible to get a mortgage with a default. You can rely on Lightbulb Lending to identify the lenders most likely to approve your mortgage application, despite these challenges.
Defaults and CCJs remain on your credit file for six years, although a CCJ can be removed if paid within 30 days of the judgement.
Yes, there are several steps you can take, such as registering on the electoral roll and paying bills on time.
The process can take several weeks, depending on the complexity of your application and the lender’s requirements.
The most important thing is not to be discouraged. As your mortgage broker in Chelmsford, we will explore other lenders who may be more suited to your financial situation.
We have years of expertise in mortgage solutions for clients with impaired credit, including Debt Management Plans.
We never want to add to your money worries, so we offer FREE consultations and obligation-free quotes.
We work to understand your circumstances, ensuring we match you with the right lender.
We believe that everyone should have the chance to own their dream home. If financial difficulties have you worried about getting a mortgage, contact a mortgage broker in Chelmsford today – we’re here to help.
Finding the right mortgage is key to managing your finances and achieving your homeownership goals, whether you’re a first-time buyer or remortgaging.
North Fambridge, Essex, CM3 6FS
Finding the right mortgage is key to managing your finances and achieving your homeownership goals, whether you’re a first-time buyer or remortgaging.
Lightbulb Lending is a trading style of Simply Lending Solutions Limited Registered in England & Wales. Company No 09676170.
Simply Lending Solutions Limited, 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.
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