Mortgage Broker Colchester

Specialist Mortgage Advice

Mortgage advisors in Colchester

Are you searching for the best mortgage deals in the Colchester area? Then look no further, as here at Bolt Mortgages we have the skills and expertise that you need to achieve the best mortgage for your unique needs. As respected mortgage brokers in Colchester, we have the platform to access the most exclusive deals that might otherwise not be found from typical high street providers or online on comparison websites.

We aim to remove the stress and confusion that comes with the mortgage application process, providing you with priceless advice and guidance whilst comparing thousands of different packages to identify the best choice for you.

Are you a First Time Buyer looking at getting on the property ladder?

If so, let us help you with our first-time buyer mortgage advice guide.

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Our mortgage services in Colchester

First time buyers mortgages

Finding your very first home should be an exciting process, but the realisation that you have to battle through a seemingly impossible mortgage application can drag you back to reality. It can easily become overwhelming, but thankfully it doesn’t have to be that way when you can take the time to get in touch with Bolt.

Our team of professional mortgage advisers will guide you through the process from start to finish, using over 10 years of industry experience to make the journey into your first property as stress-free and enjoyable as possible!

Buy to let mortgages

If you’re debating becoming a landlord for the first time and have simply decided to add another property to your ever growing portfolio, then you'll likely need to apply for a buy to let mortgage in order to complete your purchase. This can no doubt be difficult, as there are so many different features that need to be checked and approved before you can go ahead with your investment.

Landlords need to remain updated throughout their mortgage application process to stay in the loop, but thankfully you needn't worry if you choose Bolt mortgages to help guide you through the process.

Home mover mortgages

It's fair to say that moving to a different home can invoke untold levels of stress and panic in a person’s life, as there's so much to organise and consider to make sure your project can go off with a bang. Whether you're knee deep in selling your old home or are surrounded by piles of paperwork that are crying out for your attention, you simply don't have the time or energy to focus on a successful mortgage application.

Moving can be a tricky and tiring task with so many projects to cover, so handing the reins over to our trusted team of mortgage advisors will feel as though a weight has been lifted from your shoulders.

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The different types of mortgages in Colchester

Variable rate mortgages

There are two types of variable rate mortgages, those being tracker mortgages and discount mortgages. The interest rate of a tracker mortgage tracks the Bank of England base rate . You'd more than like take out a tracker mortgage for a short introductory deal period, after which you would be moved on to your lender's standard variable rate.

Discount mortgages allow you to pay the lender's standard variable rate with a fixed amount discounted. Such discounted deals can be ‘stepped’, meaning you could take out a 5 year package but pay a set rate for the first 6 months and then a higher rate for the remaining 4 and a half years.

Fixed rate mortgages

When you take out a fixed rate mortgage, you will pay the exact same interest rate for the whole package period, no matter what interest rates are elsewhere, hence the name 'fixed'. 2 and 5 year periods are common, meaning when you reach the end of your fixed term contract you will be transferred to your lender's standard variable rate instead.

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Our mortgage process

Our mortgage process starts off with your inquiry, so begin by telling us a little bit more about yourself, your finances and your new home. Keep us updated surrounding any decisions that you make as well as any changes in your financial position, as we need this information to fill out your paperwork and find the best package for you.

Once we have received and assessed your enquiry, we will present you with a range of options that you can choose between to find the perfect match for your unique needs. We'll make sure that no mistakes are made during your application, ensuring you can reach your dream home in no time at all.

The benefits of using BOLT

Free 30 minute consultation
Expert advice from seasoned professionals
Exclusive packages and deals
Saves considerable time
Ultimate peace of mind knowing you're in great hands

Mortgages advice near you!

Bolt Mortgages offer professional mortgage advice throughout Essex, some examples of the areas we provide our services to include;

Basildon, Benfleet, Billericay, Braintree, Brentwood, Canvey Island, Chelmsford, Clacton, Colchester, Corringham, Epping, Grays, Harlow, Rayleigh, Rochford, Saffron Walden, Shenfield, Southend, Thurrock, Wickford & more.

(The FCA is the UK regulatory regime for the mortgage industry. Bolt Mortgages are authorised to provide advice, financial services and mortgage services by the FCA.)

Frequently asked questions about mortgage brokers

What is a mortgage broker?

A mortgage broker, or mortgage advisor, can be a company or individual that works on a clients behalf to manage the process of applying for a mortgage in its entirety.

A mortgage advisor typically provides a range of services that include; assessing a customer's financial situation, providing advice on how to appear appealing to potential lenders, identifying the most ideal mortgage options and offering access to the best mortgage deals available to match their customer's requirements.

How much does a mortgage broker cost?

Mortgage brokers prices and services will vary from broker to broker. Some charge commission and others charge a typical fee. Contact us for more information on our fees.

Do I need a mortgage broker?

Mortgage brokers/advisors have extensive knowledge of the housing market and mortgages. If you are unsure of what you are looking for when you are considering applying for a mortgage, a professional mortgage advisor will help to cut through the jargon and the noise of the industry. A reliable mortgage advisor is worth their weight in gold, quite literally in some circumstances.

They save customers time, money & stress by simplifying complicated mortgage procedures and providing insightful information that is easier to digest for people that are not familiar with the property market.

Can I get a mortgage?

Yes, any person is able to get a mortgage for a property provided you are in full time employment, have some form of monetary deposit and a recorded credit history with the relevant credit reference agencies within the UK.

The rates will only change depending on the loan to value or how much deposit they have. A mortgage advisor can provide you with an understanding of what options are available to you and help with making an informed decision.

What happens to my mortgage when i move home?

When people move home they can port their mortgage which will allow them to take their current mortgage with them to the new property without paying any early repayment charges. If their current deal has expired they can simply apply for a nee mortgage on the new home.

How much deposit do i need for a mortgage?

The amount of deposit that you need for a mortgage will depend on a variety of factors. Some mortgage lenders and financial institutions offer as little as 5% mortgage, however, the deposit that you place down will affect the terms of your mortgage, potentially increasing monthly repayments & more.

Can I get a mortgage with bad credit?

You may think that you can’t get a mortgage if you have bad credit, this is not necessarily the case. It is important to be aware that bad credit mortgages typically have high rates of interest, may require guarantors in instances of non-payment and even other types of collateral. It is important to remember that defaulting on your mortgage could result in your home being repossessed.

How Long does a mortgage application take?

The length of time that a mortgage application can take will vary based on personal circumstances, mortgage terms & so on. A typical, estimated time frame for a mortgage application to be accepted is up to 6 weeks.

Our Happy Customers

Leave us a Review on Google

Can’t thank Anthony enough! We are first time buyers and he helped us every step of the way and got us the best deal for our budget.

Very quick with responses, professional, helpful and friendly.
Ellena Hardy
Very helpful and very very efficient, anything I needed was dealt with quickly.
Would highly recommend using Anthony to anyone 10/10 service. He knows his stuff
Peter Saitch
Ant is a very thorough and helpful mortgage advisor , he has always been great at communicating every stage of the mortgage process.
I would highly recommend bolt mortgages to help you handle your mortgage , ant has made this a stress free process and is a nice friendly guy
Danny Wallace
Anthony was so helpful and responsive from start to finish - we are very grateful for the service we received.
He was recommended to us by more than one person and we will definitely be recommending his services to friends and family!
Katie Graham

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