Specialist Mortgages
Specialist Mortgages for self employed, self build, ex-pats & commercial properties
We can help with specialist mortgages for many different circumstances
There could be a various reasons why a mainstream mortgage lender may not consider lending, you may have recently become self employed, been contracting or may have complex income streams.
Furthermore, you could be resident overseas and looking to purchase a property as an ex-pat, at Chapelgate Private Finance we are well versed in helping people who do not fit ‘the norm’ so don’t hesitate to get in touch.
Types of specialist mortgage
Self-employed Mortgages
This is seen as an underserved part of the market but lenders are becoming increasingly confident to lend. In the most part lenders want to see a two year track record of earnings and if you’re a limited company director, most only consider salary and dividend income. However, there are lenders that will consider limited company net profits before and after tax, which could be suitable if you retain profit in the business as well as lenders that will consider mortgages with only one year’s accounts.
Adverse Credit Mortgages
You may have incurred adverse credit due to a number of reasons, divorce, illness or redundancy to name a few. It may simply be due to late or missed payments on a credit agreement, you may have defaulted on payment and incurred a County Court Judgement (CCJ), have a debt management plan (DMP) or you may have become insolvent and entered into an individual voluntary agreement (IVA) or bankruptcy. The good news is, none of these reasons would categorically exempt you from being able to obtain a mortgage.
Contractor Mortgages
There are benefits to being a contractor, flexibility and independence to name two, but life can be made hard when requiring a mortgage. Most lenders would treat you as self employed and require you to have at least two years finalised accounts but there are lenders that show a greater degree of flexibility, so whether you’re contracted on a fixed contract on an annual or daily rate we have access to some highly competitive rates, you needn’t be disadvantaged.
*Equity Release
An equity release plan allows you to release some of the money tied up in your home, in the form of tax-free cash. This money can be used however you wish, enabling you to pay off your existing mortgage, make home improvements, gift your family a living inheritance… or find your own way to turn retirement into something special. We can introduce you to Key Retirement who can offer advice on equity release.
Ex-Pat Mortgages
Few lenders will lend to ex-pats and rates can vary greatly, so if you’re looking to purchase a property in the UK whether to live or let then we have the expertise to be able to assist.
Commercial Mortgages / Bridging Finance / Development Finance / Secured Loans
By being part of one of the largest advice networks in the UK, The Openwork Partnership, we have access to a range of specialist lenders that operate in these areas.
Commercial mortgages and some bridging finance is not regulated by the Financial Conduct Authority.
You will need to take legal advice before releasing equity from your home as Lifetime Mortgages and Home Reversion Plans are not right for everyone. This is a referral service.
Your property may be repossessed if you do not keep up repayments on a mortgage.
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Chapelgate Private Finance is a trade name of Chapelgate Associates Ltd which is an appointed representative of The Openwork Partnership, a trading style of Openwork Limited, which is authorised and regulated by the Financial Conduct Authority. Chapelgate Associates Ltd is a company registered in England and Wales 05539901 whose registered office is situated at 192 West End Lane, London, NW6 1SG.
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