Mortgage Broker in Essex

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 Essex 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 Essex 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 Essex, we will explore other lenders who may be more suited to your financial situation.