Income & Affordability – Latest Mortgage Research – December 2015

By Chris Morgan | Published: 2nd December 2015

Chris Morgan is the Lead Financial Adviser at Unusual Mortgages, who are the UK’s leading experts at placing Complex Mortgages …

His clients normally approach him with bespoke and of course “Unusual” circumstances. Chris has nearly two decades of experience in placing mortgages for people in difficult situations and is a former finalist in the Financial Times, Mortgage Adviser of the year contest.

Most UK mortgage advisers solely rely on computer software to find mortgages for their clients, ticking boxes and answering rigid criteria questions. But, what if your circumstances do not fit into boxes, or your requirements are more “Unusual” than the computer software can handle?

Chris regularly undertakes bespoke research on behalf of clients who are looking for Mortgages that do not fit into boxes. Here are some examples of recent research he has undertaken  …

Income & Affordability (Residential)

“Mortgage Lenders have become difficult to deal with and are always finding new reasons not to lend money!”.

By far the most common question that clients ask Chris, is related to their ability to meet the Income and Affordability requirements of Mortgage lenders. Especially people with Unusual types of employment and income that are finding it very difficult to obtain mortgage finance.

Did you know? 

That the vast majority of mortgage lenders require self employed applicants to have been trading for three years and have accounts or financial statements for three years? However, there are in fact mortgage lenders that will accept only two years accounts or tax returns. (Of course we know which ones!)

Income & Affordability (Buy To Let)

“We have seen a dramatic change in the way that Buy To Let Mortgage lenders assess an applicants affordability”

Earlier in the year Unusual Mortgages conducted detailed research into the state of the Buy To Let mortgage market. We discovered that only 19%* of Buy To Let lenders have no minimum income requirements for applicants, with 81%* of lenders requiring between £20,000 and £50,000 of verified personal income for them to agree a Buy To Let mortgage.

Did you know?

That 3%* of mortgage lenders, are willing to offer Buy To Let mortgages without any form of Income verification, which of course we have found to be the most relevant statistic to some of our Unusual clients. There are still lenders willing to offer Buy To Let Mortgages without any Income checks to certain groups of people, (Of course we know which ones!).

Click here to read our Buy To Let Mortgage Survey 2015 http://www.unusual-mortgages.co.uk/?p=99

Knowledge & Experience 

Unusual Mortgages are the UK’s most experienced financial advisers at finding Unusual mortgages for both employed and self employed people, who are finding it difficult to acquire finance. We have specialist knowledge of Self Employed Income, Multiple Mortgages, Expatriate Mortgages, Buy To Let (with or without Income Verification), Minimum Income Requirements.

Visit www.unusualmortgages.co.uk for our free Large Mortgage Fact Sheet

If you require more information on Large 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

*All facts and figures in this report were compiled in the Summer of 2015 by our lead financial adviser Chris Morgan after contacting 70 of the UK’s leading mortgage lenders.

The Buy To Let Mortgage Survey 2015 … Latest Market Review & Information For Landlords

By Chris Morgan | Published: 11th September 2015

Unusual Mortgages are one of the UK’s leading financial advisers, who offer advice to people looking for Buy To Let and Let to Buy Mortgages. Over the last two years we have noticed a gradual change in the lending rules for applicants looking to finance Buy To Let properties.

We have noticed a clear attempt from the Bank of England, Major Lenders and the UK Government to control Mortgage lending in the UK and in particular the amount of money being borrowed by mortgage applicants. This has meant that many groups of people are finding it very difficult to find Buy To Let mortgage finance.

Here are some useful facts and figures from our latest research into the Buy To Let Mortgage Market …

61%* of the Mortgage lenders surveyed offer Buy To Let Mortgages, which means that not all mortgage lenders that you approach will even offer Buy To Let Mortgages to their own customers.

97%* of Buy To Let Mortgage lenders verify the applicants personal income in some way. For example, they ask to see payslips, bank statements, tax returns or business accounts. (Of course, this means 3%* do not verify income!)

The average personal income that is required by a Buy To Let Mortgage lender in the United Kingdom is just under £25,000*. Of the Mortgage lenders that have a minimum income level requirement, the lowest was £20,000* and the highest £50,000*.

19%* of Buy To Let Mortgage lenders do not have a minimum personal income level for an applicant to apply for a Mortgage.

75%* of Buy To Let Mortgage lenders require the mortgage to be finished before the age of 75, which of course is a major concern to people taking out Buy To Let Mortgages as their plan for retirement.

25%* of Buy To Let Mortgage lenders will allow borrowing to finish past the age of 75, which of course allows applicants to keep their properties as a pension into retirement. (Some lenders will allow an applicant to keep their Buy To Let property indefinitely!)

All of the above facts and figures were compiled in the summer of 2015 by contacting 70* of the UK’s leading mortgage lenders. The aim was to compile a general “market view” for both our existing and potential new clients. We quickly realised from this research that the number of mortgage lenders in the UK asking applicants for proof or verification of income has increased significantly.

We also identified that only a handful of Mortgage lenders will agree a Buy To Let Mortgage without a minimum income requirement in their criteria and even fewer mortgage lenders are now offering Buy To Let Mortgages without any minimum income or without verifying the applicants income.

This has therefore made Buy To Let Mortgages very difficult to obtain for Self Employed people in particular, but not completely impossible. If you are looking for Buy To Let finance without any minimum income requirement, or without any income verification checks, then give us a call to see if we can help with your search?

Visit www.unusualmortgages.co.uk for our free Large Mortgage Fact Sheet

If you require more information on Large 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

*All facts and figures in this report were compiled in the Summer of 2015 by our lead financial adviser Chris Morgan after contacting 70 of the UK’s leading mortgage lenders. 

Buy To Let Mortgages – No Proof of Income – Rental Calculations

By Chris Morgan | Published: 20th July 2015

Unusual Risks are specialist mortgage advisers that assist people in Unusual Circumstances, such as Self Employed people that have difficulty proving their income, or those looking for multiple mortgages. Although there are no longer any “Self Certified” residential mortgages available, there are in fact still mortgages available to property landlords that do not require any confirmation of Income.

There are a number of Equity based mortgage lenders that will lend mortgages to professional landlords using the rental income of the property to meet their criteria. The Mortgages are normally agreed by using specific calculations to check there is enough rental income to cover the monthly mortgage payments. We have recently been approached by a number of clients who have found properties that they wish to buy, but were unsure if the rental income was viable enough to secure them a mortgage.

Here’s an example of a recent Buy To Let Mortgage that we arranged and the Income Calculations used ….

Simon (Aged 45) is a retail manager based in London who has found two flats that he thinks will make good investments for his future at £250,000 each and he would like to borrow £180,000 on each. He contacted us because his Self Employed income has been inconsistent and he is worried that a  lender would ask to see his annual accounts or tax returns?

He is looking to hold these properties as a long term investment that will help him to supplement his pension income in the future. Each property is likely to bring in a monthly rental income of £1000 per month and are in a very strong letting area close to a University.

We were able to find Simon two lenders, who were prepared to lend to him on the basis of a good deposit and him not having any adverse credit against his name. The monthly rental income was enough to cover the monthly payments, independent of his personal income shown on his self- assessment forms.

Lenders vary wildly in regards to their rental assessment criteria for Buy To Let and Let to Buy Mortgages. Many lenders will use a nominal rate of interest that is above the interest rate they actually charge for the purpose of their calculations, which can effect an applicant’s ability to get a mortgage.

Unusual Mortgages are specialist experts at finding mortgages for people in Unusual circumstances, such as inconsistent income, no minimum income, no proof of income, multiple mortgages, let to buy and buy to let mortgages. If you are looking for a Buy To Let Mortgage without any proof of income or need help assessing the viability of a letting property give us a call and see if we can help.

Visit www.unusualmortgages.co.uk for our free Large Mortgage Fact Sheet

If you require more information on Large 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

Buy To Let Mortgages – No Proof of Income – Lending Into Retirement

By Chris Morgan | Published: 27th May 2015

Unusual Mortgages are specialist mortgage advisers that help people in Unusual circumstances, such as people looking for Mortgages without any proof of income or those looking for mortgage lending into retirement. Although there are no longer any “Self Certified” residential mortgages available, there are in fact still mortgages available to landlords that do not not require any confirmation of Income.

There are a number of Equity based lenders in the market, that will advance Buy To Let Mortgages to landlords after assessing the rental income of the property. As the mortgage lending is agreed against the rental income, there is no need for the lender to check an applicants personal income. Recently we have been approached by applicants approaching retirement age that are required to repay there existing Buy To Let Mortgages due to their age.

Here’s an example of a recent Buy To Let Mortgage that we arranged past retirement age and without any proof of income.

Kevin (Aged 69) is a Solicitor based in London who has a rental property worth £1.150,000, with an outstanding mortgage of £500,000. He contacted us because his existing mortgage expires in less than 12 months and if he doesn’t find an alternative mortgage lender, he will be forced to sell the property.

He has asked his existing mortgage lender to extend the loan, but they are not accepting any new applications for mortgages and therefore are unable to help him. Kevin’s property has increased in value substantially over the last 5 years and he would like to keep the property to take advantage of any potential future growth in the London market.

We were able to find Keith a Buy To Let mortgage with a 35 year term, without any proof of income, allowing to keep his existing property as a long term investment and part of his future pension planning. If you are with any of the mortgage lenders listed below, they are unlikely to allow you to make any new mortgage applications and you should seek advice !

It’s true that lenders like Bradford & Bingley, GMAC Residential Funding, Northern Rock, NRAM, Oakwood Home Loans, Topaz Finance, UCB Home Loans, UKAR are either closed to new business, or are just servicing their clients existing mortgage debt. If you are customers of any of these former or existing mortgage lenders, then you are likely to need a new mortgage lender if your circumstances change.

Unusual Mortgages are specialist experts at finding mortgages for people in Unusual circumstances, such as inconsistent income, no minimum income, no proof of income, multiple mortgages, let to buy and buy to let mortgages. If you are looking for a Buy To Let Mortgage without any proof of income or lending into retirement then give us a call and see if we can help.

Visit www.unusualmortgages.co.uk for our free Large Mortgage Fact Sheet

If you require more information on Large 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

Visit www.unusualmortgages.co.uk for our free Large Mortgage Fact Sheet

If you require more information on Large 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

Let to Buy and Buy To Let Mortgages … No Proof of Income !

By Chris Morgan | Published: 22nd April 2015

The most common type of enquiry we get at Unusual Mortgages is from either existing landlords or future potential landlords who are looking for Buy To Let Mortgages. By far the most common reason for them contacting us is, that they are having problems finding mortgage lenders that will offer them a mortgage without any proof of income.

Commonly known in the past as “Self Certified” mortgages, many mortgage lenders have now stopped offering what has traditionally been known as “Zero Income” or “No Proof of Income” mortgages. However, there are in fact still some Equity Based lenders in the mortgage market that are offering Let To Buy and Buy To Let Mortgages to landlords without any minimum income checks or proof of income.

Here’s an example of a recent Let to Buy / Buy To Let Mortgage that we arranged …

Clive, Aged 49 is self employed in London as a health consultant. He is  looking to let out his current home that is worth £800,000 and move to a new apartment outside of London. His income has been inconsistent over the last 3 years, so he would prefer not to have to show his tax returns and accounts if possible to the mortgage lender.

His current mortgage is a residential one for £135,000 and he’s looking to re mortgage and take out enough money to pay for his new residential home outright. His current property will rent for £600 per month, so there will be enough money coming in from tenants to make the monthly payments on his new Buy To Let Mortgage.

We were able to find him a Buy to Let mortgage for £500,000 without him having to show any proof of income, as the mortgage lender was prepared to offer him a mortgage based upon an assessment of the rental income alone. This enabled him to withdraw £365,000 to fund the purchase of his new apartment in Brighton.

Unusual Mortgages are specialist experts at finding mortgages for people in Unusual circumstances, such as inconsistent income, no minimum income, no proof of income, multiple mortgages, let to buy and buy to let mortgages. If you are looking for a Buy To Let mortgage without any minimum income checks or proof of income then give us a call and see if we can help.

Visit www.unusualmortgages.co.uk for our free Large Mortgage Fact Sheet

If you require more information on Large 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

Large Mortgage Service – Income and Affordability

By Chris Morgan | Published: 24th December 2014

The Large Mortgage Service has been developed in direct response to the recent Mortgage Market Review that was designed to tightened the guidelines for mortgage lenders in the United Kingdom.

Overnight the new rules made it more difficult for borrowers to secure Mortgages, in what already was an increasingly difficult market place for attracting Mortgage funding. The aim of Unusual Mortgages is to help and advise borrowers in finding their way through this maze of new rules and regulations.

We have noticed that there have been a number of groups of borrowers that have been effected by the new rules, but the rules especially effect those who happen to be Self Employed, those who may be looking to take out Larger amounts of borrowing and those in multiple mortgage situations such as Let to Buy or Buy to let borrowers.

Rule Changes

The main change in the rules is that Mortgage Lenders are now directly responsible for ensuring that mortgages are affordable for the applicant. On face value you would think that this would have been the case already, but in the aftermath of “Self Certified” Mortgages the authorities are making it perfectly clear that the Bank and Building Societies will be held to account for any poor lending decisions they make.

Income

This means that lenders are now being extremely careful with their lending practices, with an applicants Income and Affordability under more scrutiny than ever before in the UK Mortgage Industry. Each Mortgage lender has introduced it’s own version of the Income and expenditure calculation for residential mortgages, which has created massive confusion and frustration for borrowers.

Affordability

The old system of lending mortgages on a direct multiple of an applicants salary has been abolished, with total emphasis being placed on a person’s net income after taxation and their outgoings. Lenders are putting applicants expenditure under the microscope, with some of them even scrutinising discretionary spending like Social expenses, Insurance Premiums and Pension payments.

Self Employed

Self Employed people have found it increasingly difficult to get mortgage funding with them now faced with difficult decisions trying to balance securing mortgage and home finance, with the levels of taxation they pay on their annual tax returns. Lenders now have strict policies and guidelines on what is counted as Self Employed income and what they will accept as proof of this income.

Landlords and Multiple Mortgages

Letting Landlords or those looking to take multiple finance in a Let to Buy situation have also found it increasingly difficult to find mortgage finance. It has almost become frowned upon to ask mortgage lenders for both a Buy To Let Mortgage and a Residential Mortgage at the same time. Lenders are now placing great emphasis on the overall amount of mortgage lending that a borrower has in place.

Whole New World

Mortgages are now a “Whole New World” and Unusual Mortgages are experts at helping Self Employed people utilise their Income to secure mortgage finance and specialists at helping people with complex or multiple mortgage situations. We charge reasonable fixed fees for our advice, instead of percentages of your advance and have recently saved people literally thousands in broker fees.

Visit www.unusualmortgages.co.uk for our free Large Mortgage Fact Sheet

If you require more information on Large 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

Large Mortgage Service Featured In The Financial Times – FT Adviser …

By Chris Morgan | Published: 27th November 2014

Unusual Mortgages and the launch of their new  “Large Mortgage Service” have recently been featured in The Financial Times Publication – The Financial Adviser Newspaper. The Financial Adviser Newspaper is the leading finance Industry publication in the UK and is highly respected recognition for the launch of their new Large Mortgage Service.

Extracts from the FT Adviser article …

“Unusual Mortgages offers highly experienced and expert advice from an industry leading financial adviser in return for highly competitive fixed arrangement fees. 

“On a number of occasions we have met clients who have been quoted elsewhere broker arrangement fees of between 1 per cent and 1.5 per cent of the mortgage, which can equate to literally thousands of pounds of extra fees.”

“We have now developed a business model and professional advice process that allows us to offer independent mortgage advice at highly competitive fixed broker fees.”

Click here to read the full  FT Adviser article …

http://www.ftadviser.com/2014/11/24/mortgages/mortgage-products/rollout-of-new-large-mortgage-advice-service-Uc5ODw3BoD9WSrXXd2JeKP/article.html

Click below to read other National Press coverage featuring the launch of Unusual Mortgages – Large Mortgage Service

Mortgage Solutions

http://www.mortgagesolutions.co.uk/mortgage-solutions/news/2383088/large-mortgage-broker-firm-launches-with-fees-of-over-1

Mortgage Finance Gazette

http://www.mortgagefinancegazette.com/intermediaries/large-mortgage-advice-service-launches/

Financial Reporter

http://www.financialreporter.co.uk/mortgages/mortgage-firm-launches-large-mortgage-advice-service.html

Mortgage Introducer

http://www.mortgageintroducer.com/mortgages/251180/5/Industry/Unusual_Risks_launches_large_mortgage_advice_service.htm

Unusual Mortgages are experts at finding Large Mortgages and advising clients in complex multiple mortgage situations in return for reasonable broker fees.

Visit www.unusualmortgages.co.uk for our free Large Mortgage Fact Sheet

If you require more information on Large Mortgages, Buy to let, Expatriate or Executive Mortgages you can contact Unusual Mortgages on UK 0845 474 3075 or International +44 1404 45397, email at enquiries@unusualmortgages.co.uk

Large Mortgage Service – Mortgage Broker Fees Explained?

By Chris Morgan | Published: 29th October 2014

Did you know that it’s is compulsory for your mortgage adviser or mortgage broker to quote their “Typical” fee before they offer you mortgage advice?

Many people looking for complex mortgage advice are unaware of this fact and can find themselves in difficult situations later in the mortgage process. Unusual Mortgages have met a number of clients who have come to us after being quoted expensive fees by their mortgage broker elsewhere, particularly for Large Mortgages.

We have therefore decided to publish case studies on our news blog to raise awareness of the typical fees that are being charged by other brokers for Large and complex mortgage situations and to highlight that these high typical fees simply do not have to be paid.

The reason that many brokers who specialise in Large and Complex Mortgage situations charge high arrangement fees (typically between 1% and 1.5%) is that they will most probably be running a high expensive cost base.

We have built a business process that allows us to offer the highest quality mortgage advice in return for reasonable set fees, which are significantly lower than the typical percentage broker fees that are being charged elsewhere for mortgage advice.

Unusual Mortgages look after clients located right across the United Kingdom and have expert specialist knowledge at arranging mortgages for clients located in Central London.

Our award winning lead financial adviser Chris Morgan has 25 years of experience in Banking, Finance and Mortgage Advice. He is a former Financial Adviser of the Year, Barclays Young Business Person of the Year and finalist in the FT Adviser Mortgage Adviser of the Year contest.

He has also won a host of other community and industry awards for his consumer facing work within the finance industry and has recently been shortlisted at The European Diversity Awards for Barclays Campaigner of Year.

Unusual Mortgages are experts at finding Large Mortgages and advising clients in complex multiple mortgage situations in return for reasonable broker fees.

Visit www.unusualmortgages.co.uk for our free Large Mortgage Fact Sheet

 If you require more information on Large Mortgages, Buy to let, Expatriate or Executive Mortgages you can contact Unusual Mortgages on UK 0845 474 3075 or International +44 1404 45397, email at enquiries@unusualmortgages.co.uk

Large Mortgage Service – Executive Re Mortgages & Buy to Let Mortgages

By Chris Morgan | Published: 29th October 2014

Unusual Mortgages were recently approached by Adam (Aged 42) and Melissa (Aged 40) who are both Self Employed, Company Directors of an online retail business.

They are currently live outside of London in a house and would like to re mortgage their property to release a deposit to buy an apartment in London. They visit trade fairs and conferences in the United States on a regular basis and the new apartment will make their lives much easier for work related travel out of major London airports.

Their house is currently worth £400,000 and they would like to raise a re-mortgage for in total £300,000. This will release a deposit amount of around £100,000, so they will then be able to buy an apartment at around the same value of their house. The plan is to divide their equity and make their lives a whole lot easier!

They decided to approach the “Large Mortgage Service” at Unusual Mortgages because they both have self-employed income as Company Directors and felt they needed specialist advice. They were looking for a mortgage adviser that was experienced with the new lending rules, especially around the sanctioning of high value mortgages.

We arranged total mortgage lending for both Adam and Melissa of £600,000 with Buy to Let and Residential mortgage lenders that are friendly towards self-employed income and dividend income. Mortgage lenders are now much stricter around agreeing Mortgages for people who work for themselves as self-certified mortgages have been removed from the market completely.

Unusual Mortgages offer a set fee service for arranging mortgages and in Adam’s and Melissa’s case we charged a set arrangement fee, which was a saving on the typical percentage of up to 1.5%* that many other brokers charge for complex mortgage advice. The saving in broker fees equated to £7410.

We are experts at finding Large Mortgages for Self Employed people and advising Company Directors on complex multiple mortgage situations in return for reasonable broker fees …

Visit www.unusualmortgages.co.uk for our free Large Mortgage Fact Sheet

If you require more information on Large Mortgages, Buy to let, Expatriate or Executive Mortgages you can contact Unusual Mortgages on UK 0845 474 3075 or International +44 1404 45397, email at enquiries@unusualmortgages.co.uk  

Large Mortgage Service – Executive Mortgages & Large Mortgage Loans …

By Chris Morgan | Published: 29th October 2014

Unusual Mortgages were recently approached by Warren (Aged 50) an Executive Company Secretary and his wife Leanne (Aged 40) who is a Care Manager.

They are currently living in London in an apartment and would like to move to a house with a garden. The property that they have seen is worth £1,200,000 and they require a new mortgage of around £600,000 to complete the purchase. Both Warren and Leanne are extremely busy with work and have little spare time available for searching the best mortgage.

The property that they have currently has increased in value substantially since they bought it five years ago and they have a deposit of around £600,000 to place on their next property. However, they are concerned that the availability of mortgages has changed considerably since they took out their last mortgage.

Warren and Leanne decided to approach the “Large Mortgage Service” at Unusual Mortgages because we had been recommended by one of Leanne’s work colleagues. They were looking for a mortgage adviser that was experienced at looking after large mortgages and complex income situations.

We arranged a residential mortgage for £600,000 for both Warren and Leanne with a lender that was friendly towards “Executive” remuneration packages such as dividend income, bonuses and profit sharing. Mortgage lenders have now introduced strict criteria that analyses an applicant’s income and expenditure very closely. The amount of Income checks and referencing gets increasingly stricter as the amounts requested increase.

Instead our client being charged the typical percentage of 1%* that other mortgage advisers are known to charge their clients in complex mortgage situations, we charged them a set arrangement fee, that  equating to them saving £5005 in Broker Fees.

Unusual Mortgages are experts at finding Large Mortgages and advising on complex multiple mortgage situations in return for reasonable broker fees …

Visit www.unusualmortgages.co.uk for our free Large Mortgage Fact Sheet

If you require more information on Large Mortgages, Buy to let, Expatriate or Executive Mortgages you can contact Unusual Mortgages on UK 0845 474 3075 or International +44 1404 45397, email at enquiries@unusualmortgages.co.uk

  • COMPLEX MORTGAGE SERVICE

    Unusual Mortgages are specialist Independent Mortgage Advisers who are highly experienced in advising clients in Expatriate Mortgages, Foreign Currency Mortgages, Large Value Mortgages, Split Properties / Title Deeds, Flats Above Commercial Premises, Commercial Mortgages.

    Our lead financial adviser Chris Morgan has 30 years of experience in Banking, Finance and Mortgage Advice.

    We have strong relationships with many off high street lenders, such as private banks, specialist banks, niche lenders and complex mortgage providers. Many offer exclusive products, that are tailored bespoke for clients and are only offered through financial advisers like ourselves.

    These are many of the areas in which we are able to offer advice. If you have a Mortgage Issue we can assist you with and it’s not on our A-Z of Mortgage Issues then please give us a call for us to for advice.

    A-Z of Mortgage Issues 

    • Adviser (Buy To Let Mortgages, Expatriate Mortgages, Foreign Currency Mortgages,  Fixed Rates Ending, Large Value Mortgages, Split Properties / Title Deeds, Marquee properties (Title Deed Issues, Two Kitchens – See sections below) Flats Above Commercial Properties, Commercial Mortgages. 
    • Braford & Bingley (End of Mortgage Term)
    • British Expat Mortgages
    • Buy to Let (Above Commercial Premises)
    • Buy To Let (Capital Raise)
    • Buy To Let (Declined High Street)
    • Buy To Let (End of Mortgage Term, also see End of Mortgage Term, Bradford & Bingley, Mortgage Express, Rosalite Mortgages, Rosinca Mortgages, Siberite Mortgages)
    • Buy To Let (Expat Products)
    • Buy To Let (Fixed Rate Ending)
    • Buy To Let (Incomplete Proof of Income)
    • Buy To Let (Interest Only)
    • Buy to Let Mortgage (Impact of Tax Status)
    • Buy to Let (Minimum Proof of Income)
    • Buy To Let (Multiple Mortgages)
    • Buy To Let (No Minimum Income)
    • Buy To Let (Portfolio Landlords)
    • Buy To Let (Product Transfers)
    • Buy To Let (Re Mortgages)
    • Buy  To Let (Rental Stress Test)
    • Cerburus Mortgages (End of Mortgage Term)
    • Citi Mortgages (End of Mortgage Term)
    • Commercial Mortgages
    • Complex Income Situations
    • Complex Mortgages
    • Country Properties (Marquee Properties)
    • Debt Consolidation
    • Declined High Street Lender (End of Mortgage Term)
    • Discounted Rate Ending
    • End of Mortgage Term (Bradford & Bingley, Cerburus Mortgages, Citi Mortgage, GMAC Residential Funding, Halifax Mortgages, Heliodor Mortgages, Intelligent Finance, Jasper Mortgages, Landmark Mortgages, Mortgage Express, Northern Rock, Roselite Mortgages, Rosinca Mortgages, Seberite Mortgages, Topaz Mortgages, UCB Home Loans, UK Asset Resolution. Whilstree, TSB)
    • Equity Based Lending (End of Mortgage Term)
    • Exit Route – (End of Mortgage Term)
    • Expat Mortgages (First Time Buyers, Buy To Let)
    • Fixed Rate Ending
    • Flats Above Commercial Premises
    • Foreign Currency Mortgages
    • GMAC Residential Funding (End of Mortgage Term)
    • Halifax Mortgages – (End of Mortgage Term – Interest Only)
    • Heliodor Mortgages – (End of Mortgage Term)
    • High Income Mortgages (Marquee Properties)
    • Higher Rate Tax Payer Rental Calculation (Buy To Let)
    • High Street Lender (End of Mortgage Term – Interest Only Exit Route)
    • High Value Mortgages (Marquee Properties)
    • Incomplete Proof of Income (SA302 & Self Employed)
    • Interest Only Mortgage (Buy To Let)
    • Interest Only Mortgage (Down Sizing Strategy)
    • Interest Only Mortgage (Exit Strategy)
    • Interest Only Mortgage (Later Life Lending)
    • Interest Only Mortgage (Term Ending, See End of Mortgage Term)
    • Impact of Tax Status (Buy To  Let Calculations)
    • Jasper Mortgages (Buy To Let End of Mortgage Term)
    • Kitchens (Multiple In One Property)
    • Landlord Mortgages
    • Landmark Mortgages (End of Mortgage Term)
    • Large Value Mortgages 
    • Late Payments On Credit Record
    • Let to Buy Mortgages
    • Listed Properties
    • Marquee Properties (Two Properties, with One Title Deed, Two Kitchens) 
    • Million Pound Mortgages
    • Minimum Proof of Income
    • Missing Proof of Income
    • Mixed Use Property
    • Mortgage Deeds (Two Properties, One Title)
    • Mortgage Term Ending (See End of Mortgage Term above)
    • Multiple Income Sources
    • Multiple Kitchens (One Property)
    • Multiple Mortgages
    • Multi Unit Properties (Multi Properties, One Title Deed)
    • Mortgage Express (Buy To Let End of Mortgage Term)
    • Mortgage Rejected (By High Street Lender)
    • No Minimum Income (Buy To Let)
    • Northern Rock (End of Mortgage Term)
    • Nurses Income (Agency and Bank Hours – Only where declined by High Street Lender)
    • Product Transfers
    • Portfolio Landlords
    • Professional Mortgages
    • Proof of Income (Problems meeting lender criteria)
    • Property Income (Problem meeting lender criteria)
    • Re Mortgages (Capital Raising)
    • Rosalite Mortgages (End of Mortgage Term)
    • Rosinca Mortgages (End of Mortgage Term)
    • Rural Properties (Mixed Use Properties)
    • SA302 Income Proof (Problems Producing Proof of Income)
    • Self Employed Income
    • Self Employed Mortgages.
    • Siberite Mortgages (Buy To Let End of Mortgage Term)
    • Stress Testing Portfolio’s
    • Split Title Deeds (Annex and House)
    • Thatched Roof Properties
    • Title Deed Issues (Multi Units One Title Deed, Marquee Properties, Rural Properties With Acreage, Two Kitchens)
    • Topaz Mortgages (Buy To Let End of Mortgage Term)
    • Two Kitchens (One Property)
    • UCB Mortgages (End of Mortgage Term)
    • UK Asset Resolution (End of Mortgage Term)
    • Utilising Other Income
    • Utilising Property Income
    • Willstree Mortgages (End of Mortgage Term)

    We have only a few types of mortgages where we do not offer advice

    • Auction Property
    • Bridging Loans (Unless the borrower is looking for an Exit Route)
    • Contract Races
    • Guarantor Mortgages
    • Help To Buy
    • New Build Property (Unless the property is already built and ready to move into)
    • Shared Ownership

    Lead Financial Adviser Chris Morgan, FPC, CeMap, CeRER. 

    Chris Morgan is the Lead Financial Adviser at Unusual Mortgages with over 30 years experience in Banking, Financial, Insurance and Mortgage Industries. He has worked for three major banks in his career – Lloyds, HSBC and Barclays.

    He is the former resident financial adviser for Barclays Regent Street, Liberty’s and Mayfair group of branches and been an Independent Financial Adviser since March 1999, when he created his own advisory practice Compass in Soho London. He has also been the Lead Financial Adviser at Unusual Risks and Unusual Mortgages, since 2009.

    He is a former Financial Adviser of the Year, Barclays Young Business Person of the Year and finalist in the FT Adviser Mortgage Adviser of the Year contest.

    He has also won a host of other community and industry awards for his consumer facing work within the finance industry.

    Chris has recently been shortlisted at The European Diversity Awards for Barclays Campaigner of Year. This is for his work as a Diversity Leader within the UK Financial Services Industry.

    *PLEASE NOTE

    Authorised and regulated by The Financial Conduct Authority. Please note most Buy to Let mortgages are not regulated by The Financial Conduct Authority.

    Fees will apply for mortgage advice. We charge a set fee of between £495 and £1995 per mortgage application, dependent on the amount of work involved, the type of mortgage you are applying for and any commission we receive from the lender on completion of your mortgage. Please contact us for a specific quotation.

  • Pages

  • Archives