Specialist Mortgage Advice in York

Let us help you get through your specialist mortgage situation!

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Has your application been declined? We Might be Able to Help!

Getting a mortgage isn’t always easy, and we know that from over 20 years of experience!

 

Our job is to help you overcome these hardships and hurdles to help you secure a mortgage deal that is suited for your individual situation. During your mortgage application, we will look at your affordability, reliability and credit file. If we are not able to offer you lender’s high street products, we may be able to find you a better deal through a specialist lender.

 

Don’t be put off by specialist products

If you are more suited to specialist products, we will recommend that you take one of these up so that you are more likely to be accepted. The only downside to some specialist products is that you may be required to put down a larger deposit; your credit score will play a huge role in this deciding factor.

 

As a trusted Mortgage Broker in York, we have access to thousands of specialist mortgage products through many different lenders. It’s our job to try and find the right one for you. In the past, we’ve been able to help customers with bad credit secure a mortgage suitable to their situation. Don’t be put off by these types of products, if you’re getting declined by a high street lender, there may be a reason and you may need to consider specialist products.

 

If you’ve recently been declined by a bank or building society, we would advise you to stop applying. The more that you apply and get declined, the more harm you do to your credit score.

 

Book your own free mortgage appointment online and speak with a specialist Mortgage Advisor in York.

 

How does it work?Get a quote nowMeet your advisor

We search 1000s of mortgage deals across a large number of lenders, including:

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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.

Shared ownership

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

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.

Offset mortgages

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.

Reviews Stars4.95 Rating147 Reviews

Common mortgage
questions

As your Mortgage Broker in York, we will start with a Fact Find. During this stage of the process, we will get a better view of your personal and financial situation which will help us when selecting a mortgage deal.

You will then have a credit check performed on you, this step is essential in order to obtain an Agreement in Principle. Once you’ve handed us all of the relevent documentation and a valutation of the property has been completed, a formal mortgage offer can be offered.

Your initial mortgage consultation will take around an hour, afterwards, we will try and arrange an Agreement in Principle for you within 24-hours of your consultation. The final step is submitting your application and waiting for a formal mortgage – this can take about three weeks.

As a Mortgage Broker in York, we always recommend trying to have an Agreement in Principle in place prior to viewing properties. An Agreement in Principle could put you in a position that would let you negotiate prices.

Your free initial mortgage consultation will approximately last an hour. During the consultation, we will ask you some questions and get a bigger picture of your personal and financial mortgage situation.

After the consultation, your dedicated Mortgage Advisor in York will begin searching for mortgage products, trying to secure you one that’s more competitive than your current rate. Once we find a product for you, it’s up to you whether you want to take the offer or not. If so, we can get the ball rolling and start the mortgage application submission process.

Yes, you can obtain a second mortgage in some cases. Whether it’s for home improvements, debt consolidation, for a Buy to Let or a holiday home, you should know that our Mortgage Advisors in York can help you with this.

When making a deposit on a property, High Street lenders will usually ask for a minimum of a 5% deposit. If you’ve had previous credit problems you may be asked to provide a higher deposit.

You may find it slighter harder to get accepted for a mortgage with previous credit problems, however, it’s not impossible! The difference is that you may be asked to put down a higher deposit than usual, perhaps 10-15% of the property purchase price.

If you manage to submit at least one year’s accounts, you are able to get a mortgage. As a Mortgage Broker in York, we see that a lot of lenders use your salary plus dividend to work out the maximum mortgage amount that you would be able to borrow. We’ve also seen some lenders go off your net profit.

Here are all of the documents that you’ll need to support your mortgage application in York

  • Photographic ID (Driving license, Passport, etc.).
  • Proof of Address (Utility bills, tax bills, credit card statements, etc.).
  • Latest 3 months’ payslips & Latest P60 (employed applicants)
  • Latest 2 years’ tax calculations and corresponding overviews (self-employed applicants)
  • 3 months’ bank statement proving the deposit being built-up with an explanation for any large credits.

Once you obtain an Agreement in Principle, it should last around 30-90 days. This will depend on the lender that you’ve used.

If your Agreement in Principle expires, you can easily renew it by contacting your Mortgage Broker in York or your lender.

We make it so easy!
Our 4 step process

Step 1

A telephone call where we can take some initial details and find out about your plan of action.

Step 2

Enjoy finding a property in York!

Step 3

Make an offer on the property you set your heart on – we’ll finalise your figures and help you to get a good deal.

Step 4

Our mortgage recommendation. We’ll try to find you the best mortgage deal. We’ll be there to support you, right through to you getting your keys.

A telephone call where we can take some initial details and find out about your plan of action.

Enjoy finding a property!

Make an offer on the property you set your heart on – we’ll finalise your figures and help you to get a good deal.

Our mortgage recommendation. We’ll try to find you the best mortgage deal. We’ll be there to support you, right through to you getting your keys.

Handy quick links

Yorkmoneyman.com & Yorkmoneyman are trading styles of UK Moneyman Limited, which is authorised and regulated by the Financial Conduct Authority.
UK Moneyman Limited is Registered in England, No. 6789312 | Registered Address: 10 Consort Court, Hull, HU9 1PU.

Authorised and Regulated by the Financial Conduct Authority.
We are entered on the Financial Services Register No. 627742 at www.register.fca.org.uk

The information contained within the website is subject to the UK regulatory regime and is therefore primarily targeted at customers in the UK.
Should you have cause to complain and you are not satisfied with our response to your complaint, you may be able to refer it
to the Financial Ombudsman Service, which can be contacted as follows

The Financial Ombudsman Service, Exchange Tower, London, E14 9SR
www.financial-ombudsman.org.uk

© 2022 Yorkmoneyman

Yorkmoneyman, York Hub, Popeshead Court Offices, Peter Lane, York, YO1 8SU.

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