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Specialist Mortgage Advice in London

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Declined by the Bank? We Might be Able to Help!

Have you been confronted with a confusing mortgage situation? Are you struggling to get over the mortgage hurdles that you are being faced with? As an experienced Mortgage Broker in London, it’s our job to help you get past any complex mortgage situation you may encounter.

 

We love a good challenge at Londonmoneyman, whatever obstacle is thrown at us during the mortgage process, we will try our best to get by it.

 

Your Specialist Mortgage Advisor in London

As a trusted Mortgage Broker in London, we have access to multiple specialist lenders that each have their own unique lending criteria. Rather than applying to lots of different lenders on your own and risking getting declined, you should try a Mortgage Broker in London as they will only attempt to secure deals where you’ll get accepted. If you have too many declined mortgage applications on your credit file, it could end up damaging your score and potentially stop you from getting a mortgage altogether in the future.

 

At Londonmoneyman, we always aim to get everything right the first time around, there is rarely a mortgage situation that beats us. We have a vast range of knowledge and experience when it comes to each lender’s criteria, so once we have received all of your details, we will know exactly where to start.

Over 20 Years of Experience

We have been in the Mortgage Broker business for over 20 years now and it’s more than likely that we have crossed paths with every mortgage scenario possible. In London, even if you have had a bad credit history, we urge you to not give up your hopes of getting a mortgage. No matter how complicated your situation is, our Mortgage Advisors in London will always consider all mortgage scenarios, so don’t hesitate to give us a call!

 

We are available to answer all of your mortgage questions from 8am – 10pm, 7 days a week. We hope that you get in touch with your Specialist Mortgage Advisor in London today.

 

How does it work?Get a quote nowMeet your advisor

We search 1000s of mortgage deals across a large number of lenders, including:

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Specialist Mortgage Advice in London

Getting a mortgage may come with stress and some struggle, however, we need to remind you that you are not in this alone. No matter how many hurdles we are faced with, we will always try and do whatever we can to get over them. We may need to think ‘outside of the box’ sometimes, but eventually, we will get there. We are very experienced with working with complex mortgage situations and customers that have been declined by there bank.

 

We work very closely with a large number of reputable mortgage lenders and many of them have their own tailor-made mortgage products for complex situations.

 

Here at our Mortgage Broker in London, we believe that you’ll find having an experienced and knowledgeable Mortgage Advisor in London invaluable. We’ll listen to your individual needs carefully in order to find you the most suitable mortgage deal based on your personal and financial situation.

In need of a Specialist Mortgage Advisor in London?

On a regular basis, we receive calls from applicants who have been declined by their bank the last minute. We understand that it must be frustrating to begin the process and have to start again, and that’s why we often recommend that you come to a Mortgage Broker in London like us straight away. Banks have limited products, so if your situation is complicated, it may be unlikely that you’ll match their criteria.

 

Lots of stress and anger can follow at a time like this, with threats on a property chain and completion dates etc.

 

When you get in touch with Londonmoneyman, you’ll instantly feel like you’re in safe hands with us. We’re very experienced in dealing with complex mortgage situations so we’d love to hear from you.  If you are not 100% sure of your lenders’ criteria before you apply you could be harming your chances of getting a mortgage altogether.

What our customers say

Common mortgage
questions

Your free initial mortgage consultation in London will last roughly one hour. Your dedicated mortgage advisor in London will then recommend a mortgage for you, with no obligation for you to proceed. At this point, it is up to you to decide whether or not you wish to proceed with the recommended mortgage.

If you choose us as your Mortgage Broker in London, then our process will work as the following; One of our Mortgage Advisors in London will carry out a Fact Find to determine your, needs before recommending the most suitable mortgage available for you. A credit check will then be required for an Agreement In Principle.  Once all the relevant documentation has been gathered and the valuation of the property has been undertaken, a formal mortgage offer can be issued.

In order for you to ensure you are prepared as early as possible, our Mortgage Advisors in London recommend that you obtain an Agreement in Principle prior to viewing properties in London. At the very latest you should obtain a Mortgage Agreement in Principle before you make any offers, in order to help with your bargaining position.

An Agreement in Principle will normally last somewhere in the range of 30 and 90 days. This depends on the Lender that is being used. If your Agreement in Principle expires, your advisor can always refresh this for you.

If you are looking to achieve something like debt consolidation or home improvements, you may be able to get a second mortgage. The option for a second mortgage can also be used on a second property if you are looking at using it for yourself, a family member, a holiday home or a Buy to Let.

The minimum deposit necessary for purchasing a house in London with High Street Lenders is usually at 5%. If you have had previous credit problems, this could be higher.

Obtaining a mortgage if you have had previous credit problems isn’t completely impossible, but you may face certain hurdles, such as some lenders requiring that you put down a higher deposit than usual, perhaps 15% of the property purchase price.

You are able to get a mortgage once you have submitted at least one year’s accounts. The majority of Lenders use your salary plus dividend to calculate the maximum amount you can borrow, whereas others may use your net profit.

Three payslips are generally what is required for an employee to prove their income and if you are Self-Employed, it’s usually the latest 2 years’ accounts. You will also need to produce some proof of ID, your address and the latest 3 months’ bank statements.

If you take up a free initial mortgage consultation with one of our trusted Mortgage Advisors in London, your appointment will last around an hour. Your advisor will be able to turn round an agreement in principle within 24 hours, with a formal mortgage offer taking roughly about three weeks on average.

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We make it so easy!
Our 4 step process

Step 1

A telephone call where we can take some initial details and find out about your plan of action.

Step 2

Enjoy finding a property in London!

Step 3

Make an offer on the property you set your heart on – we’ll finalise your figures and help you to get a good deal.

Step 4

Our mortgage recommendation. We’ll try to find you the best mortgage deal. We’ll be there to support you, right through to you getting your keys.

A telephone call where we can take some initial details and find out about your plan of action.

Enjoy finding a property!

Make an offer on the property you set your heart on – we’ll finalise your figures and help you to get a good deal.

Our mortgage recommendation. We’ll try to find you the best mortgage deal. We’ll be there to support you, right through to you getting your keys.

Handy quick links

Londonmoneyman.com & Londonmoneyman are trading styles of UK Moneyman Limited, which is authorised and regulated by the Financial Conduct Authority.
UK Moneyman Limited is authorised and regulated by the Financial Conduct Authority.
UK Moneyman Limited registered in England, registered number 6789312 and registered office 10 Consort Court, Hull, HU9 1PU.

© 2021 Londonmoneyman

Londonmoneyman, Unit 3A, 34-35 Hatton Garden, Holborn, London, EC1N 8DX, UK

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