By Chris Morgan, Lead Financial Adviser & Mortgage Commentator – (Self Employed Mortgages, Expat Mortgages & Split Title Deed Mortgages)
The recent change in interest rates gives hope to many home movers and buyers who over the last five years have had their plans scuppered or delayed.
With the worst economic conditions hopefully now behind us, we are likely to now see a gradual improvements in market activity – even though interest rates are still likely to remain moderately high for borrowers, we do expect mortgage activity to step up in Autumn 2024, leading into Spring 2025.
With the change of UK government now in place some of the uncertainty will begin to subside from the property market and people will once again start making plans.
These are some of the key areas we are currently advising clients, which you may find interesting and useful.
Self Employed Mortgages – 1 Years Accounts
With mortgage criteria remaining tight with the mainstream lenders, the self employed in particular may find themselves turned away by some high street lenders. This is especially so when they are in the early stages of starting a business and maybe have only a single years trading figures and accounts.
There are lenders out there who welcome self employed applicants with only one year’s accounts and we are always happy to hear from people who need our help in this situation.
Expatriate – Buy To Let Mortgages
It is extremely difficult for British citizens living abroad to get mortgages for buy to let properties in the UK at this moment – however we are able to assist Expat’s who are looking for Buy to Let Mortgages.
We have lenders that welcome Expat borrowers and we are always happy to hear from British Expats living abroad.
Split Title Deeds Mortgages
The third difficult area of lending, where we have specialist knowledge, is where a property may be either split into two, and is on one set of title deeds – or a property may be split into two as mixed use between commercial and residential.
Once again we have lenders interested in talking to borrowers who may have found their dream property and need an understanding lender.
A to Z of Mortgage Issues
If you would like to know more about the types of Mortgages that we arrange you can find a comprehensive “A-Z of Mortgage Issues” on the right side bar of this page. If you would like to know about a Mortgage that is not on the list, then be sure to contact us using the details at the bottom of this article.
15 Minute Mortgage Assessment
Unusual Mortgages offer a 15 minute free mortgage assessment over the phone for anyone that has been turned down for a mortgage elsewhere. We will confirm if the decision you were given is correct and assess your options across all of the lenders on our manual research list, from which we tailor bespoke solutions for our clients.
If you have been turned down for a mortgage or are worried about approaching lenders due to the way you have been treated in the past, why not give us a call. Within 15 minutes you will know if your hopes and aspirations are a reality, with a sound opinion from the most experienced mortgage broker in the United Kingdom at placing “Unusual Mortgages”.
If you require more information on Complex Mortgages, Commercial Mortgages, Expatriate Mortgages, Foreign Currency Mortgages, Large Value Mortgages. Marquee Property Mortgages, Multiple Mortgages, Split Use Mortgages, Split Title Mortgages, Portfolio Landlords you can contact Unusual Mortgages on UK 0845 474 3075 or International +44 1404 45397, email at enquiries@unusualmortgages.co.uk