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If you need an experienced mortgage broker in Witham, we’ve got you covered every step of the way. At Lightbulb Lending, we specialise in guiding those with financial challenges, including DMPs, IVAs, and bankruptcies, toward securing a mortgage. Let us help you make your dream home a reality and get in touch with our mortgage brokers in Witham today.
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If managing your debts feels overwhelming, a Debt Management Plan (DMP) might be the right step for you. This plan is a repayment arrangement between you and a charity or organisation, based on what you can afford to repay. Having a DMP doesn’t mean a mortgage is impossible, especially with the guidance of an experienced mortgage broker in Witham.
Need a mortgage broker in Witham? Learn more about DMP Mortgages…
Managing debts to suit your financial situation may lead you to consider an Individual Voluntary Arrangement (IVA). If your debt becomes unmanageable, filing for bankruptcy might be the next step. Although these scenarios can make securing a mortgage more challenging, our expert mortgage brokers in Witham can help you navigate the process and improve your chances.
Need a mortgage broker in Witham ? Learn more about IVA or Bankruptcy Mortgages…
Thinking about applying for a mortgage with no credit history? A mortgage broker in Witham, like Lightbulb Lending, can guide you to the right path. We’ll support you through each step, carefully considering your financial circumstances to partner you with the right lender. Our mortgage brokers in Witham are dedicated to helping you achieve your dream of homeownership.
Need a mortgage broker in Witham? Learn more about No Credit Mortgages…
If you’ve missed payments or fallen behind on debts, you may have defaults or County Court Judgments (CCJs) on your credit file. While these can limit your mortgage options, they don’t necessarily prevent you from securing a mortgage. Our knowledgeable mortgage brokers in Witham are experienced in finding solutions for clients with defaults or CCJs.
Need a mortgage broker in Witham? 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 Witham 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 Witham 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 Witham, 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 concerned about securing a mortgage, contact a mortgage broker in Witham 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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