From Mortgage Capacity Reports to JBSP Mortgages, Bright Money offers a wealth of specialist mortgage advice
Specialist Mortgage Advice
Choosing a mortgage is a big task. It becomes even harder when circumstances, or the property type, for example, are niche and specialist. It's crucial then to work with a mortgage partner who has experiece and expertise in specialist niche mortgages. This includes the creation of Mortgage Capacity Reports, an area that BMI Money excels in.
Types of Specialist Mortgages and Services BMI Can Help With
Mortgage Capacity Reports
If you have been requested to provide a Mortgage Capacity Report for a divorce settlement, you’re not alone. Thousands of couples parting ways are now required to provide a report to help assess the best way forward and how to divide assets. The mortgage capacity report helps all parties understand the borrowing power of one another and gives the judge, solicitor or mediator a fair assumption of possible future borrowing.
What is an MCR?
A Mortgage Capacity Report is an essential document that evaluates your financial position, helping you understand your potential borrowing power. It considers various factors such as your income, outgoings, dependents, maintenance, benefits, age and the current lending criteria of banks and building societies. With our mortgage capacity report, you’ll have a clear, realistic view of how much you can borrow and what mortgage options are available to you.
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BMI specialises in mortgage capacity reports. Click the button below to learn more.
Supported Living Mortgages
By offering flexible terms and conditions, supported living mortgages help ensure that vulnerable individuals have access to secure, suitable housing while receiving the necessary support services. This approach fosters independence, enhances quality of life, and promotes the integration of disabled individuals within the community.
What is a Supported Living Mortgage?
Supported living mortgages in the UK are specialised financial products designed to facilitate homeownership for individuals requiring long-term care or assistance due to physical or mental disabilities. These mortgages enable supported living providers, such as housing associations or private care organisations, to purchase or adapt properties tailored to the unique needs of their residents.
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Talk with BMI about Supported Living Mortgages. Click the button below to learn more.
Bridging Loans
Need short-term funding to secure an opportunity? Whether it’s purchasing property at auction, refurbishing a home, or covering a funding gap, Bright Money provides expert guidance to help you find the right bridging loan.
What are Bridging Loans
Bridging loans are short-term funding solutions designed to “bridge” the gap between the purchase of a property and securing long-term finance or selling an existing asset.
They’re ideal for:
Property purchases with tight deadlines,
Renovation and refurbishment projects,
Auction purchases, and
Unlocking equity for personal or business needs
Take Action
Talk with BMI about applying for a Bridging Loan. Click the button below to learn more.
Equity Release
Choosing the right Equity Release product for you isn’t as complicated as it seems, although it involves careful investigation and some important decisions.
What is Equity Release
Equity release allows you to release equity from your home without the need to move out. You can opt to pay nothing back until you home is sold, either after death or if moving into long-term care. Equity by definition is the value of your home on the open market (less your outstanding mortgage or other debt held against it).
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Talk with BMI about Equity Release. Click the button below to learn more.
Family Assist Mortgages
Taking the first step on the property ladder is often out of reach for most young people due to the substantial deposits required. Lenders continually change their deposit requirements, and less well-known banks could be in a position to help, therefore you may be eligible.
What is a Family Assist Mortgage
A Family Assist Mortgage, or a Family Offset Mortgage, can help an individual to become a homeowner by allowing a member of their family to act as a guarantor. This works by allowing a person to take out a mortgage of 95% upwards, while a parent or other close family member pays 20 to 25% of the deposit into a held savings account.
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Talk with BMI about Family Assist Mortgages. Click the button below to learn more.
Shared Ownership Mortgages
Introduced by the government, the shared ownership scheme is designed to help families on lower incomes on to the property ladder. Shared ownership homes are provided through a housing association. You can buy a share from 25% to 75%, and then pay rent on the remaining share.
What is a Shared Ownership Mortgage
Shared Ownership is aimed at helping first-time buyers onto the property ladder and any eligible purchasers including second steppers, upsizers and downsizers. Applicants will be required to complete an affordability test pass credit history checks.
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Talk with BMI about Shared Ownership Mortgages. Click the button below to learn more.
NHS Mortgages
If you work for the NHS and are wondering whether your role impacts your ability to get a mortgage, Bright Money would be happy to help. We’re specialist mortgage brokers offering fee-free advice, we have over 70 years’ experience helping clients and understand the unique challenges faced by NHS staff we’re in a good position to help.
Mortgages for NHS Professionals
At Bright Money, we’ve helped NHS professionals, from paediatric nurses to porters, radiographers to surgeons, navigate the mortgage process. We know working for the NHS often comes with unique pay structures and challenges. Contact us to discuss your options.
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Talk with BMI about Mortgages for NHS professionals. Click the button below to learn more.
High Net Worth Mortgages
Welcome to the world of high net worth mortgages, a realm where financial possibilities expand beyond traditional lending boundaries. If you’re an individual with a high income, significant assets and a unique financial profile, our specialist mortgage brokers can help. We have access to main stream high street lender underwriters along with Specialist High Net Worth Lenders.
Mortgages for High Net Worth Individuals
High net worth mortgages cater to individuals with minimum income, substantial wealth and/or complex financial circumstances. These mortgages go beyond the limitations of standard residential lender criteria, offering: larger loan amounts, flexible terms, complex income recognition, and discretion and privacy.
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Talk with BMI about Mortgages for High Net Worth Individuals. Click the button below to learn more.
Mortgages for Sports Professionals
At Bright Money Independent, we understand the unique challenges sports professionals face when securing a mortgage. Careers in sports often come with irregular income patterns, shorter career spans, and additional complexities that traditional mortgage lenders may not be equipped to handle.
That’s why we specialise in finding tailored mortgage solutions to meet the distinct needs of athletes and other sports professionals.
How can Bright Money Help
We have helped athletes from various sports—including football, rugby, cricket, and more—secure the right mortgage for their needs. Whether you’re signing your first professional contract or preparing for life post-retirement, we can assist with:
High loan-to-value mortgages, interest-only or offset mortgage options, and advice on property investment for long-term financial stability
Take Action
Talk with BMI about Mortgages for Sports Professionals. Click the button below to learn more.
Section 157 Mortgages
A Section 157 property is a home in a protected rural or designated area, subject to legal restrictions designed to preserve housing for local residents. These properties ensure that affordable housing remains accessible to those living or working in the area.
While these properties offer great opportunities, they also come with challenges—especially when securing a mortgage.
Can you get a Section 157 Mortgage
Yes, but it’s more complex than a standard mortgage. Not all lenders are willing to offer loans for Section 157 properties due to the restrictions on who can buy them. Additionally, you’ll need to meet both the lender’s and the local authority’s criteria. Talk with BMI about your options.
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Talk with BMI about Section 157 Mortgages. Click the button below to learn more.
Joint Borrower Sole Proprietor (JBSP) Mortgages
A Joint Borrower Sole Proprietor (JBSP) mortgage allows multiple people to join forces to buy a property, but only one of them owns it. This type of mortgage is particularly popular among parents helping their children step onto the property ladder. Here’s everything you need to know about JBSP mortgages, including their benefits, drawbacks, and how they work.
What is a JBSP Mortgage
A JBSP mortgage is designed to help individuals, such as first-time buyers, secure a mortgage by combining the income of up to four people. Despite multiple borrowers being jointly responsible for the repayments, only one individual—the sole proprietor—is named on the property’s title deeds and legally owns the property.
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Talk with BMI about JBSP Mortgages. Click the button below to learn more.
