Expert, unbiased, Buy to Let mortgage advice based in Norwich covering the whole of the UK

A poor credit score can be the result of things like late or missed payments of bills, a County Court Judgement (CCJ) or just because of the number of times you’ve applied for credit within a short period of time.

Your score may also be low, simply because you’ve never taken out any credit before and therefore there is no track history for you. There are ways to improve your chances of being approved for a mortgage, which we can help with.

If you’ve had an application declined by a lender, it’s best not to try applying to another lender without seeking expert advice, as each application may impact your credit score negatively even further.

Our experienced mortgage brokers will look at the whole of the market for you, including specialist lenders, known as Sub-prime lenders. They’re familiar with lenders varying criteria and will be able to advise you which lenders are most likely to consider your application, based upon your full credit report and your individual circumstances.

Whether you’re looking to borrow more for property improvements or to clear debts, it’s important to understand the risks and the potential long term impact on your financial position.

While borrowing money on your mortgage may seem an easy option and help keep your monthly outgoings down, it’s rarely the cheapest way to borrow money when you look at the cost over the full term of your mortgage.

If you’re able to, it’s always preferable to save and budget for purchases or to repay debts.

However, there are circumstances where consolidating debts into a mortgage may be the most suitable option – if you need to reduce your monthly outgoings and you’ve considered the alternatives. Our advisors will take the time to fully understand your circumstances, providing you with a debt consolidation report, so you’re in a fully informed position to make a decision to consolidate debt into your mortgage. If at this stage it is your decision to proceed, then our advisor will help find the most appropriate solution.

For information related to dealing with debts and help that may be available see Debt and Money Citizens Advice

If you’re not a UK citizen, but have permission to live or work in the UK, such as through visa or immigration status, you’re considered a Foreign National.

There are many lenders in the market offering mortgage solutions specifically tailored for Foreign Nationals. The mortgage itself operates in a similar way, however, lenders view Foreign Nationals as higher risk borrowers due to factors like Visa status and limitations on terms of residence and so the criteria for obtaining the mortgage tends to be stricter. This can make the options and the application process more challenging to navigate.

Our experienced advisors are here to support you. They will take the time to understand your full situation and collect the necessary documents to verify key details such as your employment, income, and visa status. They’ll conduct comprehensive market research, comparing options available on the high street with exclusive deals from specialist lenders that may not be directly accessible to you. They’ll recommend the most suitable product based on your needs, guide you through the next steps, and provide ongoing support to help navigate any challenges that arise.

There is a variation in the way that different lenders assess Self-employed or Contractor income, and the perception is that it’s more difficult to get a mortgage if you are in this position.

Whilst the process can be more complicated, lenders generally focus more on the property’s potential rental income rather than your personal income for BTL mortgages. There may be extra hoops to jump through, but there is no shortage of options in the mortgage market. Our advisors are experienced and will know which lenders to approach, so they can successfully guide you through to achieving your goal.

Bridging loans are a short-term financing solution designed to ‘bridge’ the gap between an immediate financial need and the availability of longer-term funding. Bridging finance can be accessed by residential buyers, landlords, developers or business owners for a range of reasons.

A common example of why individuals apply for bridging finance is to avoid a property chain break. A Bridging loan would allow you to complete on the purchase of new property before the sale of your existing property completes.

You’ll usually have to pay off a Bridging loan within 12 months. They’re designed to be paid off as soon as your longer-term funds are available.

As well as being a short-term solution, in most cases this type of finance is quick to arrange.

With extensive experience and access to the full range of lenders in the market, our expert advisors can help you secure the funds you need. They will clearly explain the risks associated with this type of short term, secured finance and discuss your ‘exit plan’ with you, ensuring you’re in a well-informed position before making any decisions.

Our advisors will work quickly and efficiently, to make the transaction as smooth as possible with minimal disruption.

If you have UK citizenship but are currently living outside of the UK you’re considered to be a UK Expatriate (commonly referred to as an “Expat”).

There are mortgage products available for Expats, designed specifically to help you purchase a property in the UK, either for residential use in the future or for your family to live in, or as a Buy to Let. Expat Mortgages typically require larger deposits and the criteria for lending is often stricter, and whilst there are plenty of lenders that offer Expat Mortgages, many of the high street lenders still don’t. It’s more difficult for them to conduct the necessary compliance checks and therefore they consider the business too risky.

Our experienced advisors can help you. They will discuss your situation in full and gather your essential documents, evidencing things like your employment, income and Visa status. They will thoroughly research the market, comparing any options you may have from the hight street, with deals available from specialist lenders that you may not be able to access yourself. They will advise you on the most suitable product and the next steps, and they’ll be on hand to help overcome any of the challenges that are common with these more complex situations.

Although mortgage lenders all have different criteria regarding the maximum age of applicants, as well as the maximum age at which the mortgage must be repaid by, Banks and Building Societies, along with some specialist lenders are realising that later life borrowing is here to stay.

This is great news for borrowers. The more lenders involved means the greater choice of options and mortgage deals for you. There are lenders that will allow you to take your mortgage up to age 80.

As with any mortgage, having an experienced advisor who understands your circumstances means that you can avoid the pitfalls and rejections that people commonly face when trying to navigate the mortgage market alone. Whether you’re 50 or 70, our knowledgeable advisors can help match you with the most competitive deal to suit your specific needs and goal.