Specialist Advisors - Limited Company Mortgages, Self Employed Mortgages, Contractor Mortgages, Adverse Credit. We may have a solution
Limited Company Mortgages
Lots of Buy to Let Investors are purchasing their properties through companies especially set up as SPV - Not all lenders will lend on this basis, however, more and more lenders understand, we will locate the lenders to find the best option.
Self Employed Mortgages
Income sources can become complex, seeming to make it more difficult for self employed individuals, however, we deal with this everyday so can guide you towards lenders that look at the bigger picture.
Whether you are an IT Contractor or work in the construction industry with a CIS (Construction Industry Scheme) Card holders, similar to self employed people, not all lenders understand, we have the knowledge of which lenders will accept your income in order to maximise your borrowing potential.
When it comes to buying a home, some lenders can take on a rather sanctimonious attitude. They want to deal only with those who have faultless credit histories, perfect work records and adequate deposits. But money problems can affect everyone. Adverse credit problems can be linked to a loan default, county court judgements or being a discharged bankrupt.
Sometimes people get into debt through no fault of their own and, even if they have been to blame, want to sort things out. Certainly no-one taking out a mortgage wants to see their property repossessed.
However, there is some good news in that some lenders are willing to provide adverse credit mortgages. Deals are unlikely to match standard mortgages; lenders in the adverse credit market - which is also sometimes described as 'sub-prime' or 'non-conforming' - will charge higher rates.
While the lenders clearly want to keep some degree of separation between their standard and adverse credit divisions, the deals they are offering are less punitive than in the past. Most lenders will also cut the interest rate if borrowers keep up a good payment record. And, after three years, it may be possible to switch to a standard loan.
Your application will be thoroughly vetted and the interest set according to the risk the lender believes you pose. You may also be subject to redemption penalties, but these should cease to apply after three years.
A mortgage may not be available in all cases, but we'll always try our best. Why not give us a call today and see how we can help you.
The overall cost for comparison is 8.7% APR, this is correct at going to print 28/02/2019.
As a mortgage is secured against your home, it could be repossessed if you do not keep up the mortgage repayments