“But I can’t get a mortgage!”

14 January 2021
Uncategorised,

By Philip H Yates, Consultant: Mortgages & Equity Release

I have heard this many times over the years and have lost count of the number of mortgages I have subsequently arranged after hearing it!

In most cases the client had been unable to arrange a mortgage for themselves, a problem which many can be faced with as the examples below illustrate:

The Self-Employed Business Owner…
I recall a business owner who had been turned down by his current high street mortgage lender, so he came to see me for advice. I was quickly able to source and arrange a new mortgage which had a lower interest rate and smaller fees than his existing lender could have offered, he was delighted. I have since arranged two subsequent mortgages for him.

The Doctor…
Another client who is a Doctor recently contacted me to say that although he had banked with his lender for over 30 years, had more than sufficient income and an impeccable credit history, they would not offer him a new mortgage. After a short consultation I had a new lender lined up for him and everything proceeded smoothly to completion.

Our independence provides us with access to the whole mortgage market, including high street and central lenders, this alongside our knowledge of the lenders different lending criteria and the fact that we have excellent relations with lending managers, enables us to obtain the best choice of mortgage products for our clients.

Our advice covers residential mortgages, re-mortgages, buy-to-let mortgages and equity release for older clients. Whether you are employed, self-employed or retired, we have lenders at our fingertips, remember, mortgage lenders want to lend to you, that is their business!

If you would like a free initial consultation to discuss your mortgage options, please get in touch with our Independent Financial Services team on 01244 356 789 or email info@cullimoredutton.co.uk

Please note: This article is provided for information only and must not be considered as legal or financial advice. We always recommend that you seek independent advice before making any financial decisions.

 

 

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