Unusual Mortgages are today announcing the results of their “Top 10 Unusual Mortgages of 2016”. Their survey highlights the types of Mortgages that people are looking for and helps people looking for Unusual types of Mortgages to find specialist advice. The leading “Unusual” reason for people taking mortgages over the last 12 months was Multiple Mortgages*.
The survey was conducted amongst 100 mortgage applicants who were not able to find their ideal mortgage directly through a high street lender and had decided to approach an Independent Mortgage Adviser instead. The next most popular reasons for taking an Unusual Mortgage in the research were Employment Status*, Debt Consolidation*, Income & Affordability* and Divorce & Separation*.
Speaking about their Survey, Chris Morgan, Lead Financial Adviser of Unusual Mortgages said;
‘Unusual Mortgages are a progressive and innovative firm of Mortgage Advisers, who offer advice to people looking for mortgages who may not be able to obtain finance on the high street. We thought it would be interesting to run research into the most popular reasons why people might seek advice from a specialist Mortgage Adviser’.
‘We decided to run the survey to encourage those people who may be declined for a high street mortgage through their bank, building society or financial adviser to approach a specialist broker. Just because the first mortgage lender or financial adviser turns an application down, it does not always mean that a mortgage cannot be arranged. .
The message is that if at first you do not succeed in finding Mortgage Finance, not to give up and approach someone who specialises in Unusual situations. Sometimes applicants do not fit into tick boxes and electronic processing systems, so find a financial adviser that will treat you as an individual and use their knowledge to run bespoke research on your behalf.
Unusual Mortgages are a specialist firm of Mortgage Advisers that offer advice to people in Unusual Circumstances. This may be due to their employment status, income, affordability, marriage status, divorce, separation, health status, residential status, current age or one of a whole range of different reasons.
*Survey Results: Unusual Mortgages surveyed 100 Mortgage applicants, who were taking a mortgage through a Specialist Mortgage Adviser and asked them the main reason they were using a broker to find their mortgage.
These were the top 10 Unusual Mortgages 2016 …
1. Multiple Mortgages (20%) 2. Employment Status (16%) 3.Debt Consolidation (14%) 4. Income & Affordability (12%) 5.Divorce & Separation (10%) 6. Adverse Credit (8%) 7. Expatriate Mortgages (7%) 8. Capital Raising Unusual Purpose (6%) 9. Second Home (4%) 10. Borrowing into Retirement (3%)
Unusual Mortgages are currently conducting “The Unusual Mortgage Consumer Survey 2016″ and would appreciate if you would take just two minutes to give us your views on the Mortgage Market for both Employed and Self Employed people. https://www.surveymonkey.co.uk/r/HGPSTZ3
If you require more information on Complex Mortgages, Buy to let, Self Employed or Executive Mortgages you can contact Unusual Mortgages on UK 0845 474 3075 or International +44 1404 45397, email at enquiries@unusualmortgages.co.uk