Specialist Mortgage Lenders

The process for a traditional mortgage can sometimes be tricky, full of potential pitfalls that aren’t always apparent or obvious at the outset. This is even more true if you want a unique or unconventional mortgage.

In such instances, it’s important to find the best specialist mortgage lenders in the UK who can provide the expertise on a particular niche or area of lending where you’re looking for assistance.

This article examines a range of specialist mortgages and offers advice on finding the best lenders in the UK for the type of borrowing you need.

What is a specialist mortgage?

As the term implies, a specialist mortgage is a little more unorthodox and a departure from the more conventional type of lending available in the UK. They’re often described as ‘unique mortgages’ as a lender usually requires more bespoke judgment before any borrowing can be approved.

Typical specialist mortgages are self-employed mortgages, bad credit mortgages, and commercial mortgages. In all of these instances, the mortgage application process can be less straightforward and requires a little more patience before lending is approved.

Specialist mortgage brokers

If you’re looking to purchase a property and your borrowing requirements are more unconventional, rather than searching through a list of specialist mortgage lenders to identify who may be able to help, the wiser option would be to enlist the services of someone who already knows where to look.

Specialist mortgage advisors have a deep understanding of all the different niche areas of lending in the UK and can swiftly identify a specific group of providers who can assist with your particular circumstances.

This is where we can help. We work alongside a number of UK mortgage specialists who are ready and able to offer their assistance regardless of the lending need’s complexity.

If you make an enquiry, we can arrange for an advisor we work with to contact you, and we won’t charge a penny for introducing you to them.

What areas of bespoke lending can a mortgage specialist help with?

By their very nature, specialist mortgages are needed for various circumstances. However, there are several fairly common lending needs where more intricate advice and attention may be required, as outlined below:

Bad credit mortgage specialist

Undoubtedly, a poor credit history can affect a mortgage application. If this is you – don’t despair! There are specialist mortgage lenders who can provide assistance for anyone with a bad credit record.

Rather than lodging applications across a range of different lenders, the best way forward is to use a poor credit mortgage specialist who can assess the reasons for your current record and identify lenders who are best equipped to deal with your application.

Suppose you’ve previously defaulted on a mortgage or other form of loan. In that case, there are even mortgage default specialists focusing primarily on sourcing lenders who may be able to help in these circumstances.

If you know you have a bad credit record, get in touch and we can arrange for an expert broker to contact you directly.

Self-employed mortgage specialist

Specialist mortgage lenders can provide expertise for self-employed individuals by assessing the merits of each type of business and, more specifically, the income and profits generated. They can also look at future profit projections to determine the viability of any borrowing request.

If you’re self-employed and would like to find out more about how specialist mortgage brokers can help you identify the right lenders for your borrowing needs, make an enquiry, and we can arrange for an expert to speak with you.

Contractor mortgage specialist

Specialist contractor mortgages exist for anyone who earns a living by charging daily/weekly rates for their particular line of work.

Whereas most lenders may find it difficult to conduct accurate affordability assessments for this type of employment, some are prepared to delve deeper and find a positive outcome.

The role of a specialist contractor mortgage broker is to help people in this position find lenders who will consider their application.

Buy-to-let mortgage specialist

Buy-to-let mortgage applications are usually assessed differently from a traditional mortgage (where you use the property as your main residence), considering the estimated rental income you expect to generate.

Specialist buy-to-let mortgage brokers will help you prepare your application and scrutinise the levels of rental income you expect to receive before helping you find the best providers for this form of lending.

Commercial mortgage specialist

Specialist commercial mortgage lenders are best placed to offer assistance to anyone looking to secure lending to buy a property for commercial use.

If you’d like to speak with a commercial mortgage broker specialist, make an enquiry, and we can arrange for an expert to contact you.

International mortgage specialist

Buying property overseas can be slightly more complicated than in the UK as it requires a firm understanding of all the relevant local laws and regulations in the country where the property you’re looking to buy is based.

It would be strongly recommended that you use the services of a mortgage specialist who has knowledge and experience of arranging lending across several international jurisdictions.

Right to buy mortgage specialist

If you’re considering purchasing your council house, you can use a specialist to help find which lenders offer the best Right to Buy mortgages across the market.

Our guide to Right to Buy mortgages has more information on this.

Help to Buy mortgage specialist

If you’re a first-time buyer or are struggling to get onto the property ladder, a Help to Buy mortgage specialist can assist as you plot your way through the buying process.

Shared Ownership mortgage specialist

Shared Ownership allows you to purchase a proportion of a property and pay rent on the remainder. You can purchase further shares in the property at a later date when you’re financially able.

If you’d like to speak to a specialist who can help you identify which lenders are currently offering the best shared ownership mortgages, get in touch, and we can arrange for an advisor we work with to contact you.

What other areas of lending can a mortgage specialist help with?

If your lending needs are more specific than those mentioned above, other areas where you can benefit from specialist mortgage services include:

• Military mortgages
• HMO mortgages
• Mortgage protection
• Lifetime mortgages
• Second charge mortgage
• Second home mortgages
• Mortgages with low income
• Construction mortgage
• Large mortgages
• Divorce mortgages

If you need help with any of the above areas of lending, get in touch, and we can arrange for an expert to contact you.

Need specialist mortgage services? Speak to an expert broker today!

Arranging a mortgage is rarely straightforward, particularly if you need more specialised advice. Finding the right lender for your specific lending needs can be a long and often unrewarding task.

This is where a specialist mortgage service provides a clear benefit for those who need more unique lending advice tailored to their own personal requirements.

If you’d like to speak with someone who can help identify the right lender for your lending needs call Online Mortgage Advisor today on 0330 818 7026 or make an enquiry online.

The advisors we work with have a wealth of experience in all areas of mortgage lending and deal with customers in your situation all the time. They can help you save time and money, there’s no obligation, and your credit report won’t be affected.