Specialist Mortgage Advice
in London

When a mortgage applicant is facing a difficult process with their mortgage and isn’t able to get to a point where they can be accepted by a lender, we will always be there to help them out in any way they can.

As an experienced mortgage broker in London, we have been through appointments with a large variety of unique customers, all with their own mortgage scenarios.

A down valuation happens when the mortgage lender’s valuation is lower than the price you have agreed to pay. A lender’s valuation is different from a survey commissioned to assess the property’s condition.

It does not automatically mean your mortgage will be declined. The lender may reduce the maximum loan because its loan-to-value calculation is based on the lower valuation.

Depending on the circumstances, you could renegotiate the purchase price, increase your deposit, review other mortgage options or ask whether the lender has a valuation appeal process. We can help you understand the options before you commit more money.

If you are going through a divorce or separation with your now ex-partner, it can be difficult making arrangements for the next step in your life. This only becomes more complex if you are tied into a mortgage together. You should sort this as soon as possible, as otherwise if left too long, it can get a lot more complicated.

In addition to the mortgage scenario just mentioned, if you are going through a divorce or separation, you may be looking to remove your own name or your ex-partner’s name from the mortgage.

You will have limited options depending on the financial stability of you both, as well as your affordability, as you will now only be living off one income.

If you’re married and checking out your options for taking out a mortgage on a property you and your partner are going to be living in, chances are a mortgage lender would prefer you both to be on the mortgage. That being said, there are still options out there if you would rather it only be in one of your names.

The Shared Ownership Scheme really is a great way for mortgage applicants to take out a mortgage as a percentage share of the property, rather than the full price.

This share will typically be between 25%-75%, though some lenders may go down to 10%. The owner of the remaining share, likely a local authority, will be paid back as rent alongside your mortgage payments to the lender.

Professional mortgages can only be accessed by very specific professions. This is an incredibly niche area of the mortgage market and as such we would absolutely recommend booking a mortgage appointment with a specialist mortgage advice team to learn more.

If you have any plans to take out a mortgage on a further property, you will need to show the lender proof that you are financially capable of covering the costs of both mortgage payments simultaneously. We are able to help you make preparations for this.

Holiday lets are similar property types to buy to let properties. The main difference is that in this case, you won’t have a permanent tenant, with it possibly generating no income during off-seasons.

Because of this, lenders need to have absolute confidence that you can afford your mortgage payments every month, whether you have a tenant or not.

A ‘non-standard’ property is a property that is not put together using regular building materials like bricks or mortar. In order to take obtain a mortgage on such an obscure property type, you will need a very specialist mortgage product. We would recommend taking out a full property survey on this type of property.

An HMO is generally a property occupied by at least three tenants forming more than one household who share facilities such as a kitchen or bathroom. It is not limited to student homes or properties with four to six tenants.

In England, properties occupied by five or more people forming more than one household normally require mandatory HMO licensing. Local additional licensing schemes can also cover smaller HMOs, so check the relevant council’s rules.

Mortgage lenders have their own criteria for the number of occupants, property layout and landlord experience. We can help you find suitable specialist buy-to-let mortgage options.

You may be able to release the equity that you have gradually built up in your home, turning it into cash using a lifetime mortgage. This is a very specialist mortgage type and requires speaking to a specialist to make sure everything is correct.

Offset mortgages use a new savings account created to use with your mortgage. This type of mortgage could be a great way of helping you access competitive interest rates and mortgage products.