Obtaining a mortgage can be a complicated matter, especially if you are looking for a specialist mortgage such as a self-employed mortgage, self-build mortgage or a bridging loan.
These type of mortgages are inherently more complicated and can be very time consuming.
Self-build mortgages as you might expect operate differently from traditional house purchase mortgages. Typically lenders will not provide all the funds you need upfront, rather they will make staged payments to fund the construction.
Self-build mortgages are inherently more risky for the lender and they will frequently require higher deposit levels than a traditional house purchase.
If you have decided to build your own home and require a self-build mortgage our independent advisers at Tom French & Associates can take you through each step of the process to help you secure the funding to build your dream home.
The rules for self-employed borrowers are different from those who are not. Whilst self-employed borrowers have access to the same range/type of products as anyone else they will be required to provide different evidence to lenders in order to secure the mortgage.
If you are self-employed no matter whether you are looking for a first time mortgage, remortgage or are moving home our independent financial advisers at Tom French & Associates will be able to help you through the challenges of securing a self-employed mortgage.
A bridging loan is a short term loan designed to provide you the funds to buy a new property before you have sold your existing home.
Bridging loans can be expensive and our independent mortgage advisers can help you through the process ensuring that you get the right loan for your needs, whilst also completing the application for you.
Second Charge mortgages are a secured loan where the borrowers home is used as security. They are often referred to as second mortgages as they have a secondary priority behind your main mortgage.
There are many factors you need to consider before applying or taking a Second Charge and our independent mortgage advisers will explain these to you and take you through the application process if it is decided that this is the best route for you.
To arrange an appointment to discuss any specialist mortgage requirements with one of our independent financial advisers please email firstname.lastname@example.org or call 0800 138 2199.
Your home may be repossessed if you do not keep up repayment on your mortgage.