Brighton Mortgage Broker
Need some friendly advice?
Looking for a moving house mortgage can be a daunting task, that’s why here at Your Certified Expert our friendly team are happy to answer any questions you may have.
Our certified mortgage brokers are all accredited .
With finance being heavily regulated, the advice you receive will be from a certified broker.
No matter who you are, we’ve got what you need.
Mortgages in Brighton, like elsewhere in the UK, vary based on factors such as property type, deposit size, income, and whether the mortgage is for a residential, buy-to-let, or specialist purpose. Brighton, known for its coastal lifestyle and proximity to London, has a dynamic property market, making it a popular choice for both homeowners and property investors.
- Property Prices:
- Brighton has relatively high property prices compared to other areas in the UK, with the average house price above the national average. This can influence the size of the mortgage you may need.
- As of recent years, the average house price in Brighton is approximately £450,000 to £500,000, though this varies by location (e.g., Hove, Kemptown, or central Brighton).
- Types of Mortgages Available:
- Residential Mortgages: For those buying a home to live in. Lenders will assess affordability based on your income, outgoings, and credit history.
- Buy-to-Let Mortgages: Brighton’s thriving rental market makes it an attractive spot for buy-to-let investors. Rental yields can be strong, particularly for student and professional lets. However, buy-to-let mortgages typically require a larger deposit (20%-40%) and may come with higher interest rates.
- First-Time Buyer Mortgages: For first-time buyers, Brighton offers a range of government schemes, including Help to Buy or shared ownership, which can assist with getting on the property ladder.
- Self-Employed Mortgages: Brighton has a large self-employed community, and mortgages for freelancers or business owners are available, though they may require additional documentation to verify income.
- Deposit Requirements:
- Deposits for Brighton mortgages typically range from 10% to 20%, but for specialist or high-value properties, larger deposits might be required.
- The higher the deposit, the better the mortgage terms are likely to be, including lower interest rates.
- Interest Rates:
- Interest rates depend on several factors including deposit size, credit rating, and mortgage type (fixed or variable rate). Fixed rates provide stability, while variable rates can fluctuate based on the Bank of England base rate.
- Mortgage Brokers:
- Given the competitive and varied property market in Brighton, many buyers use mortgage brokers who have local knowledge and access to specialist products that may not be available directly from lenders.
- Green Mortgages:
- Brighton has a focus on sustainability, and some lenders offer green mortgages with better rates or incentives for buyers purchasing energy-efficient properties or making eco-friendly home improvements.
- Kemptown: A lively and historic area popular with professionals and younger buyers.
- Hove: Offers more space and is popular with families, with properties often more expensive than central Brighton.
- Seven Dials: Known for its village-like atmosphere, this area is also popular with professionals.
- Hanover: Famous for its colorful terraced houses, Hanover is popular with both students and young professionals.
- Preston Park: A leafy residential area with good transport links, appealing to families and commuters.
Get a new mortgage quote today.
Office
4 Royal Crescent Second and Third Floor, Cheltenham
Contact
Open Hours
Monday & Saturday: 8am — 6pm
Sunday: 11am — 4pm
