Complex Mortgages
What you need to know
There are circumstances, arrangements and goals that are not served by typical residential mortgages or arrangements.
Whether you’re a contractor who needs a mortgage despite not -technically- being in full-time salaried employment, or someone looking to self-build a property, you’ll need a mortgage arrangement that differs from the rest.
We’ll help you look at your options and overcome barriers to the purchase of your home or property.
What are complex mortgages?
Mortgages for circumstances or methods of earning that do not fall into standardised categories.
Mortgages which are designed for people on contracts ie IT consultants etc and not in permanent employment who are on fixed term contracts.
There are many lenders who work in lots of different ways. All you need to do is call Mortgage Saving Experts and we will help you out.
These are mortgages for our more discerning high net worth client. They are mortgages provided by our private banking colleagues. Mortgages are provided by several private banks have a more flexible attitude to lending to our high street counterparts
The name speaks for itself. There are several lenders available to provide loans for over one million pounds for our clients.
Do previous issues like defaults, CCJs, payment arrears or things where the high street banks will not consider lending affect mortgage eligibility?
Each lenders criteria does vary significantly so depending on how bad things have been and how historic we may potentially be able to help.
These are great for people who wish to build their own homes on a piece of land they own. Lenders generally stage release payments so you can borrow enough money to build the home of your dreams.
Whether you have bought a property to do up and sell or rent, or whether you have bought a place you wish to extend or do a loft conversion. This could be the answer.
It's worth having a chat!
We know it gets confusing!
That is exactly why we’re here to explain your options and how to make it work for you!
....so, in a nutshell...
Complex mortgages differ from standard mortgages. They are designed for people who have non-standard circumstances such as self employed or IT contractors to name a few.
Where most mortgage lenders cater for most customer types, there are some customers who do not fit the normal mould.
Click below for more info!
Not salaried?
Mortgages which are designed for people on contracts ie IT consultants etc and not in permanent employment who are on fixed term contracts. There are many lenders who work in lots of different ways. All you need to do is call Mortgage Saving Experts and we will help you out.
High net worth client?
These are mortgages for our more discerning high net worth client. They are mortgages provided by our private banking colleagues.
Mortgages are provided by several private banks have a more flexible attitude to lending to our high street counterparts
Mortgages for One Million pound and over
The name speaks for itself. There are several lenders available to provide loans for over one million pounds for our clients.
Helping you move past the past
These are mortgages for people who have had credit problems in the past. Things like defaults, County Court Judgements (CCJs), payment arrears, Involuntary Arrangements (IVAs) and bankruptcy. High street banks will not normally lend to people who have or have had these problems recently, however, many lenders do. This is one of our specialist areas of mortgages.
Development Finance
Whether you have bought a property to do up and sell or rent, or whether you have bought a place you wish to extend or do a loft conversion. This could be the answer.
From the ground up
These are great for people who wish to build their own homes on a piece of land they own. Lenders generally stage release payments so you can borrow enough money to build the home of your dreams.
Bridging Loans
If you need quick finance which you intend to pay back after a short period of time ie 1 year then this is the one for you.
They enable you to buy property quickly. They used to be expensive but lenders have become more realistic with their fees and charges. Talk to one of our specialists today for help and advice
Secured Loans
A secured loan is an alternative way of raising capital out of your property where your current mortgage lender will not offer you any further borrowing.
- Debt Consolidation
- Home Improvements
- Gifts to children i.e. for deposit on a property
- A holiday
- New car
- A deposit to buy a buy to let property
Our role is to help you make an informed decision
There are many aspects to all types of mortgage and we understand that you need to make the best decision.
You will undoubtedly have many more questions, so please feel comfortable enough to arrange a free, no-obligation chat!
Frequently Asked Questions
Here are a few of the questions we regularly answer for those who are wondering if this is the correct choice.
Just remember, we’re ready to chat and answer many more!
Here are a few of the questions we regularly answer for those who are wondering if this is the correct choice.
Bridging loans are typically used for people to be able to buy properties quickly such as auction properties or properties which cannot be mortgaged and is not classed as habitable i.e. doesn’t have a working kitchen and bathroom.
Even though you have had financial difficlulties in the past there may be lenders who may help you if you have had
- Missed payments
- County Court Judgements (CCJs)
- Defaults
- Involuntary Arrangements (IVA)
- Bankruptcy
- Debt Management Plans
Anyone who owns a property can potentially get a secured loan. A secured loan is where someone borrows money on a property and that loan is secured against the property in exactly the same way as a mortgage. This is a great way to raise money on your home for any valid reason where your current mortgage lender will not lend you the extra money.
Complex mortgages are for anyone who doesn’t fit the typical mould. These people may be
- Bank staff
- Zero hours contracts
- IT contractors
- Fixed term contractors
- CIS workers
- self-employed
- Limited Company Directors
Non-guaranteed income i.e. regular commissions or bonuses
Bridging loans are typically used for people to be able to buy properties quickly such as auction properties or properties which cannot be mortgaged and is not classed as habitable i.e. doesn’t have a working kitchen and bathroom.
Even though you have had financial difficlulties in the past there may be lenders who may help you if you have had
- Missed payments
- County Court Judgements (CCJs)
- Defaults
- Involuntary Arrangements (IVA)
- Bankruptcy
- Debt Management Plans
Anyone who owns a property can potentially get a secured loan. A secured loan is where someone borrows money on a property and that loan is secured against the property in exactly the same way as a mortgage. This is a great way to raise money on your home for any valid reason where your current mortgage lender will not lend you the extra money.
- Bank staff
- Zero hours contracts
- IT contractors
- Fixed term contractors
- CIS workers
- self-employed
- Limited Company Directors
Not a problem!
Let’s put the kettle on and have a chat. We’ll have you up to speed in no time!
