Specialist Mortgages

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SPECIALIST MORTGAGES

Too many people are knocked back from mortgage applications, or have to settle for a mediocre deal, because of their history or the way they make a living. At Home Financial, we don’t think this should be the case, and we go the extra mile to find you the best possible deals for your circumstances.

Even if your credit record is less than perfect, or you’re one of the millions of people in the UK who are self-employed, get in touch and find out how we can help you as a specialist mortgage broker.

Self-employed mortgages

It’s something of a myth that self-employed people can’t get mortgages. Lenders are moving with the times and are keen to help out this growing demographic, but that’s not to say they don’t want a little more reassurance than they might require for someone employed by a company.

For a start, it helps if you’ve been self-employed for at least two years, and if you have the paperwork and projections to outline your case for being able to afford a mortgage. A good relationship with your accountant will do you no harm either.

To learn more about how to get a mortgage if you’re self-employed, check out our podcast here:

https://mortgage-protection-podcast.simplecast.com/episodes/home-financial-self-employed-mortgages-meLp0TDw

Contractor mortgages

What if you’re self-employed but rely on other businesses for work? Perhaps you have no guaranteed hours or are on a short-term contract?

Again, there are plenty of lenders willing to look at this group of workers a little differently and tailor their mortgage offerings. It’s true that you may need a larger deposit to get started and, as with all self-employment, a solid record of what you earn from month to month can help the lender make a decision in your favour.

Professional mortgages

Specialist mortgages aren’t just about overcoming barriers, but taking advantage of opportunities too. If you’re an accountant, solicitor, barrister or any other professional, you might be able to secure a higher loan-to-value mortgage than a non-professional would.

That’s where it really helps to come to a broker like us, where we’ll get to know your needs and advise on how your profession can open up mortgage opportunities the average bank won’t be able to offer.

More info about professional mortgages can be gleaned from this podcast:

https://mortgage-protection-podcast.simplecast.com/episodes/professional-mortgage-z7OI8OVZ

Bad credit mortgages

Obviously, if your credit record has taken a knock or two, it is likely to make it harder to get a mortgage, but there are lenders out there catering specifically for applicants with a poor credit history.

If this applies to you, it’s really all about reducing risk. That might mean being asked to stump up a higher deposit, or taking advantage of the government’s Help to Buy scheme.

Mortgages for bad credit are another subject we’ve recorded a podcast on:
https://mortgage-protection-podcast.simplecast.com/episodes/bad-credit-mortgages-tVHfnw0z

JBSP mortgages

A joint borrower sole proprietor (JBSP) mortgage is an option for anyone without enough income to secure a mortgage on their own. Through a JBSP, up to four people can apply together, but not all of them go on the deeds of the property.

We can steer you through this process and find you the best deals, and we have more info about JBSP mortgages here:

https://mortgage-protection-podcast.simplecast.com/episodes/joint-borrower-sole-proprietor-mortgage-80z0-rm4-XH8RjW5L