We have access to 1000's of different mortgage deals to fit your circumstances, our expertise with the lenders will help guide you to the most suitable mortgage deal. At Bright Money Independent, our mortgage brokers assist thousands of people to secure the right mortgage and insurance deals. It can be a complicated process, but you can relax knowing you have an expert at BMI, helping you from start to finish.
Our ethos is to provide people with clear and simple tailored solutions, that they may not find elsewhere. We expect you to be so impressed with our knowledge and service, that you recommend us to friends and family. Our brokers offer free, comprehensive mortgage advice, which considers the new tax implications for landlords. With house prices sky high and an ageing population, many lenders have come together to create a niche mortgage product, Equity Release.
This allows owners over 55 to release some of the capital in their home, for, home improvements, holidays, clearing the existing mortgage or gifting to children to get them on the housing ladder.
Our ethos is to provide people with clear and simple tailored solutions, that they may not find elsewhere. We expect you to be so impressed with our knowledge and service, that you recommend us to friends and family. Our brokers offer free, comprehensive mortgage advice, which considers the new tax implications for landlords. With house prices sky high and an ageing population, many lenders have come together to create a niche mortgage product, Equity Release.
This allows owners over 55 to release some of the capital in their home, for, home improvements, holidays, clearing the existing mortgage or gifting to children to get them on the housing ladder.
Services
We expect our clients to be so impressed with our industry-leading advisers, that they will happily recommend them to friends and family.
At Bright Money Independent we work hard to get you the most suitable deal possible, our advisers have helped thousands of people find the right deal on their mortgage and life assurance.
We aim to make the whole process of buying or re-mortgaging as smooth and simple as possible.
So you can get on with your day job.
Based in Thame we help clients in Aylesbury, Princess Risborough, Haddenham, Waddesdon and around the Home Counties, our fully-qualified advisers are available to provide expert advice face to face or by telephone, post and email to clients nationwide.
At Bright Money Independent we work hard to get you the most suitable deal possible, our advisers have helped thousands of people find the right deal on their mortgage and life assurance.
We aim to make the whole process of buying or re-mortgaging as smooth and simple as possible.
So you can get on with your day job.
Based in Thame we help clients in Aylesbury, Princess Risborough, Haddenham, Waddesdon and around the Home Counties, our fully-qualified advisers are available to provide expert advice face to face or by telephone, post and email to clients nationwide.
When we help you choose a mortgage, we don't just focus on the interest rate and fees charges, we will also consider the best mortgage type to suit your needs.
Below you will find the advantages and disadvantages of each mortgage type.
With fixed rate mortgage deals, you will pay the same amount for the length of the deal no matter what happens to the Bank of England base rate.
The fixed part of the mortgage is often two or more years, and will automatically revert to the lenders standard variable rate at the end of this period.
Below you will find the advantages and disadvantages of each mortgage type.
With fixed rate mortgage deals, you will pay the same amount for the length of the deal no matter what happens to the Bank of England base rate.
The fixed part of the mortgage is often two or more years, and will automatically revert to the lenders standard variable rate at the end of this period.
If you're a first-time-buyer or climbing the property ladder, our advice will help you understand the new requirements for mortgage lending.
Our ethos is to provide people with clear and simple tailored solutions, that they may not find elsewhere.
A safe calculation is 4 times income; however some lenders will let you borrow 5 times income.
This is dependent on age, term, outgoings and how your income is made.
Debt: if you have loans, credit cards or hire purchase payments, benefits, child minding or child maintenance costs your maximum loan amount may be reduced.
Our ethos is to provide people with clear and simple tailored solutions, that they may not find elsewhere.
A safe calculation is 4 times income; however some lenders will let you borrow 5 times income.
This is dependent on age, term, outgoings and how your income is made.
Debt: if you have loans, credit cards or hire purchase payments, benefits, child minding or child maintenance costs your maximum loan amount may be reduced.
Each lender will have a different view on the clients they are trying to attract and therefore it is not unusual to get a different maximum loan from various different lenders.
In assessing the maximum loan amount a client can have each lender has some type of affordability calculator.
This looks at the different types of income, the age of the client, term of the mortgage, outgoings and dependents.
How much of the income used can be found on the criteria of the lender, some use 100% but others such as state benefits can be reduced to 50%.
In assessing the maximum loan amount a client can have each lender has some type of affordability calculator.
This looks at the different types of income, the age of the client, term of the mortgage, outgoings and dependents.
How much of the income used can be found on the criteria of the lender, some use 100% but others such as state benefits can be reduced to 50%.
If you are looking to move with limited deposit, the new government scheme 'help to buy' is here to help.
There are two help to buy schemes; H2B Equity Loans for new properties and H2B Mortgage Guarantee for older properties.
Equity loans are open to both first-time buyers and home movers on new-build homes in England.
You will need to have agreed in principle a 75% LTV mortgage for the total purchase price with a lender.
The Government will lend you 20% of the total purchase price which can be paid back at any time or on the sale of the property.
There are two help to buy schemes; H2B Equity Loans for new properties and H2B Mortgage Guarantee for older properties.
Equity loans are open to both first-time buyers and home movers on new-build homes in England.
You will need to have agreed in principle a 75% LTV mortgage for the total purchase price with a lender.
The Government will lend you 20% of the total purchase price which can be paid back at any time or on the sale of the property.
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