Specialist Mortgage Lenders

This article looks more closely at specialist mortgages and how you can find the best lenders in the UK.

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Pete Mugleston

Author: Pete Mugleston

Mortgage Advisor, MD

Updated: March 18, 2024

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

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

This article looks at a range of different types of specialist mortgages and offers help as to how you can find the best lenders in the UK for the type of borrowing you need.

What is a specialist mortgage?

Well, 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 more bespoke judgement is usually called for by a lender before any borrowing can be approved.

Typical examples of specialist mortgages would be self-employed mortgagesbad credit mortgages or commercial mortgages. In all of these instances the mortgage application process can be less straightforward and need a little more patience before lending is approved.

Specialist mortgage brokers

If you’re looking to purchase a property and your borrowing requirements are of a more unconventional nature, rather than search through a list of specialist mortgage lenders trying 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 are equipped with a deep understanding of all the different niche areas of lending in the UK and would be able to 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 how complex the lending need may be.

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

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

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

Bad credit mortgage specialist

There’s no doubt a poor credit history can potentially 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.

If you’ve previously defaulted on a mortgage or other form of loan, 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 that are generated. They can also look at future profit projections in order 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 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 do exist for anyone who makes their living through 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, there are some who 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 to a traditional mortgage (where the aim is to use the property as your main residence), taking into account 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

For anyone looking to secure lending for the purpose of buying a property for commercial use, specialist commercial mortgage lenders will be best placed to offer assistance.

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

International mortgage specialist

Buying property overseas can prove to 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.

Using the services of a mortgage specialist who has knowledge and experience of arranging lending across a number of international jurisdictions would be strongly recommended.

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 will be able to provide assistance 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.

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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:

If you require help regarding 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 a straightforward process, particularly if you need more specialised advice, and trying to find the right lender for your specific lending need 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 0808 189 2301 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.

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We know everyone's circumstances are different, that's why we work with mortgage brokers who are experts in all different mortgage subjects.

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About the author

Pete, an expert in all things mortgages, cut his teeth right in the middle of the credit crunch. With plenty of people needing help and few mortgage providers lending, Pete found great success in going the extra mile to find mortgages for people whom many others considered lost causes. The experience he gained, coupled with his love of helping people reach their goals, led him to establish Online Mortgage Advisor, with one clear vision – to help as many customers as possible get the right advice, regardless of need or background.

Pete’s presence in the industry as the ‘go-to’ for specialist finance continues to grow, and he is regularly cited in and writes for both local and national press, as well as trade publications, with a regular column in Mortgage Introducer and being the exclusive mortgage expert for LOVEMoney. Pete also writes for Online Mortgage Advisor of course!

Read more about Pete

Pete Mugleston

Mortgage Advisor, MD

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