Specialist Mortgage Advice in York
If you are facing a complicated mortgage situation, it may be more beneficial to get Mortgage Advice in York rather than trying to overcome the problem yourself.
We’ve helped many customers get through their specialist mortgage situation, and they’ve ended up securing a mortgage product that matches their personal and financial situation.
Situations we’ve encountered:
Property down valuation
If your offer has been accepted on a property, but your property survey shows that you’re paying more than the property’s worth, your lender may pull out of the deal. They will not want to give you more money than you need.
This is called a down valuation. The situation can get complicated and slow down your process if you don’t act quickly.
Divorce & separation
During a divorce or separation, your financial commitments with your ex-partner should be sorted sooner rather than later. If you’re still linked to the mortgage that you took out with your ex-partner, it may be beneficial for you to remove yours or your ex’s name from the mortgage.
We will try our hardest to make all of this stress away from you during this difficult time.
Single name mortgage for married applicants
If you’re married but want to take out a mortgage that’s just in your name, you’ll need to be able to prove that you can afford it.
Lenders need to know that you’re a reliable applicant that will be able to keep up with your monthly mortgage payments before they can offer you anything.
The shared ownership scheme allows you to take out a mortgage on a percentage of a property. This can be anywhere between 10%-75%.
You can even take 100% ownership of the property further down the line if that’s what you want to do.
Professional mortgages are only available to certain professions. You may fit into one of these categories, contact us to find out what you can access.
Second home mortgages
If you’re looking to take out a mortgage on another property, you will need to prove that you can afford two sets of payments first.
It’s likely that you’ll have to put down a higher deposit during this purchase.
Holiday home/let mortgages
When you’re buying a holiday home, you’ll have to think about whether you’re going to let it out or not. You may be able to make some extra money if you rent it out whilst you’re not living there.
If you’re looking to purchase a holiday home, feel free to get in touch with our team.
New build mortgages
New builds usually come with higher price tags. If you’re struggling to meet your deposit target, perhaps utilising a government scheme, such as the Help to Buy Equity Loan, is an option.
Non-standard construction properties
‘Non-standard’ construction properties are pretty much properties that aren’t made of brick and mortar. You’ll need to try and take out a specialist mortgage product on a property like this.
We would also recommend a full structural property survey if you’re buying a property like this.
Multiple applicant/house of multiple ownership mortgages
These mortgages are usually taken out by landlords. If you want to take out an HMO mortgage, you will need to speak with a mortgage specialist.
Our buy to let experts may be able to help you get started.
Mortgages past retirement date/lifetime mortgages
You can take out a mortgage past retirement through the ways of a lifetime mortgage. You will get a lump sum of money, however, you may struggle to pay it off.
Equity release and lifetime mortgage advice is available at Yorkmoneyman. Get in touch for more information.
This type of mortgage can allow you to link your savings to a mortgage. They can often have competitive interest rates.
In need of a Specialist Mortgage Advisor in York?
- We’re open and honest with our customers. Our Mortgage Advisors in York will be clear and transparent at all times.
- We offer every customer a free mortgage appointment. You can book online too!
- Our team is used to working with complex situations. Most of the time, we can work a way through them and help you secure a great deal.
- On panel, we have over 30 different lenders that each hold their own unique types of mortgage products.
- We’ve been working within the industry for over 20 years, we know what we’re doing.
- Support and guidance are available throughout the whole process – from start to finish!
- Mortgage appointments are available at daytimes, evenings or weekends.
Connecting you to a Mortgage Advisor in York straight away is very important to us. We want you to get the mortgage advice that you need as fast as possible.
Get in touch with our mortgage team at Yorkmoneyman today so that we can get an idea of your mortgage situation and how we may be able to help you.