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Specialist Mortgage Advice in Bristol

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Declined by the Bank? We Might be Able to Help!

If you are dealing with a complex mortgage situation or having some difficulty getting over a mortgage hurdle, you may find the help of an experienced Mortgage Broker in Bristol very beneficial. We aim to help our customers to overcome everything that gets in their way of achieving their mortgage goals.

 

Your Specialist Mortgage Advisor in Bristol

Here at Bristolmoneyman, our devoted team of Mortgage Advisors in Bristol are able to search their vast panel of specialist lenders, each with their own unique lending criteria. This is one of the benefits as to why we always recommend that you get in touch and speak to a Mortgage Broker in Bristol like ourselves.

 

We will do our best to match you with the most suitable lender for your financial and current circumstances. If your mortgage application has been constantly rejected this will show up on your credit file, and might end up damaging your credit score.

 

Our aim is to get our recommendation right the first time, there is rarely a mortgage situation that we haven’t come across before. All our Mortgage Advisors in Bristol have a great deal of knowledge of specific lender criteria. Once we have gathered some key information, this will give them a good indication of how they can help and proceed to the next step.

 

Book Your Free Mortgage Appointment Today

Having worked in the mortgage industry for over 20 years. We have encountered so many different mortgage scenarios. Including those who suffered with a bad credit history, it doesn’t mean it’s entirely impossible for you to obtain a mortgage!

 

Our Mortgage Advisors in Bristol will consider all mortgage scenarios. To speak with one of our qualified mortgage advisors, book your free mortgage appointment today to see how we can help.

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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An In-Depth Look at Specialist Mortgage Scenarios

When a mortgage applicant is having difficulties with their mortgage application and getting constant rejection from lenders, we can step in to see if we can help you out.

 

As an expert Mortgage Broker in Bristol, we have helped countless customers over the year, all with their own individual mortgage scenarios. Here go into more detail at some of the more popular scenarios;

Property Down Valuation

If you have had someone to go out and perform a property survey, only to find out that the accepted offer you put down is actually way above the market value of the property, this is what’s known as a Property Down Valuation.

 

We tend to find, towards the end of the line, it is more than likely that your lender will pull out of your mortgage deal. If you are in the position to make up the difference between your offer and the true value of the property, the lender may still allow you to proceed.

Divorce & Separation Mortgage Advice

If you are going through a divorce or separation, it can be a challenge making newer arrangements, especially if you both are tied into a mortgage together. You will need to sort this out as soon as possible, otherwise it can lead to more complications further down the line.

Removing a Person From a Mortgage

Similar to the mortgage scenario just mentioned, if you are going through a divorce or separation, you may be looking to remove your own name or your ex-partner’s name from the mortgage. Depending on your financial stability, as well as your affordability, will affect the outcome as now you’ll only have one income instead of two.

Single Name Mortgages for Married Applicants

If you’re married and want to know your options for taking out a mortgage on a property you and your partner are going to be living in, the lender would prefer both of you to be listed on the mortgage. However, there are still options out there if you would rather be the only one named on the mortgage.

Shared Ownership

The Shared Ownership Scheme can help mortgage applicants take out a mortgage as a percentage share of the property, rather than the full asking price. We tend to find, the share can vary between 25%-75%, but some lenders may be as little as 10%. The owner of the remaining share, likely a local authority, will be paid back as rent alongside your mortgage payments to the lender.

Professional Mortgages

Professional mortgages can only be accessed by very specific professions. This is an incredibly niche area of the mortgage market which is why we would highly recommend booking a mortgage appointment with a specialist Mortgage Advice in Bristol team to learn more.

Second Home Mortgages

If you are looking to take out a mortgage on a further property, make sure to show the lender proof that you are financially stable of covering the costs of both mortgage payments. This is something we are able to help you with, to make sure you are fully prepared.

Holiday Home/Let Mortgages

Holiday lets are similar property types to buy to let properties. The main difference being, you won’t have a permanent tenant, with it possibly generating no income during off-seasons. This is why lenders need to have absolute faith that you can afford your mortgage payments every month, regardless if you have any tenants or not.

New Build Mortgages

New builds can tend to be more expensive to invest in than older properties. If you’re a first time buyer who is struggling to save up for your initial deposit, you may be eligible to use the government’s Help to Buy Equity Loan Scheme as a way to get onto the property ladder.

Non-Standard Construction Property Mortgages

A ‘non-standard’ property is a property that is not put together using regular building materials like mortar or bricks. In order to take out a mortgage on this property type, you will need a very specialist mortgage product. We would also recommend you take out a full property survey.

Multiple Applicant/House of Multiple Occupation Mortgages

HMO mortgages are basically large buy to lets with 4-6 tenants, similar to what you would see with student housing. We tend to find HMOs are often complex to deal with. This is why we always recommend seeking a specialist buy to let Mortgage Advice in Bristol if you are interested in taking out an HMO mortgage.

Mortgages Past Retirement Date/Lifetime Mortgages

This is a very specialist mortgage type and requires speaking to a specialist to make sure everything is correct. Because you are releasing the equity that you have gradually built up in your home, turning it into cash by using a lifetime mortgage.

Offset Mortgages

People use offset mortgages to help them access competitive interest rates and mortgage products.

Do you require a specialist mortgage advisor in Bristol?

Here at Bristolmoneyman we have access to a large panel of specialist mortgage lenders, each who have their own individual, specialist lending criteria.

 

Our devoted team of Mortgage Advisors in Bristol have worked in the industry for over our 20, helping you recommend the most suitable mortgage deal to match your financial and current circumstances.

 

Don’t be too concerned with your credit score, just make sure to obtain a up-to-date copy of your credit report. You will be able to benefit from doing so when you contact us and book yourself in with our free initial mortgage appointment. Your up-to-date credit report will help give our Mortgage Advisors in Bristol a much better understanding of what you’re looking to achieve and what deals are going to be most suitable for you and your circumstances.

Why choose us as your mortgage broker in Bristol?

During your mortgage process, we look after your customers and the make sure they receive the best advice. We will take care of you, always having your best interests at heart.

 

Our team of hard-working Mortgage Advisors in Bristol always aim to provide you with a high-quality service, ensuring you remain informed throughout the entire journey. We will always do our best to give a responsive service, tailored to your circumstances and needs.

 

We hope that in receiving our service, that you end up with mortgage success, a fantastic deal on a home, and a smile on your face.

 

As a company who prides itself on providing fast & friendly Mortgage Advice in Bristol, we will be with you every step of the way. Book your free mortgage appointment to speak with an expert Mortgage Advisor in Bristol today.

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Common mortgage
questions

Typically, our free consultation will last up to an hour or so. Our team can turn around an agreement in principle within 24 hours of speaking to an advisor. A formal mortgage offer can take around three weeks on average.

It’s typically three payslips for an employee to prove their income and the latest 2 years’ accounts for a Self Employed applicant. You will also need to provide the lender with proof of ID, address, and 3 months’ bank statements.

Once you have submitted a minimum one year’s accounts, you can get a mortgage. Most Lenders use your salary plus dividend to calculate the maximum mortgage, whereas some other lenders are known to go off your net profit.

Even if you have had credit problems, you may still be able to get a mortgage, though you may be required to put down a higher deposit than you otherwise would’ve, often 15% of the property purchase price.

The minimum deposit for buying a house in Bristol with High Street Lenders is around 5%. This can be higher if you have had previous credit problems.

You may find that it is possible to get a second mortgage on your home for things like debt consolidation or Home Improvements. If you are looking to take out a mortgage on a second property, either to use it for yourself, a family member, a holiday home, or a Buy to Let, this may also be possible.

An Agreement in Principle will usually last between 30 and 90 days, depending on the lender you go with. If your Agreement in Principle expires, you can always have it refreshed.

To avoid being disappointed if an offer falls through, we recommend that home buyers obtain an Agreement in Principle before you begin viewing properties in Bristol. At the very latest you should obtain an AIP prior to making an offer to assist your bargaining position with a seller.

As a trusted and hard-working mortgage broker in Bristol, we will carry out a Fact Find to establish your personal needs before we recommend the most suitable mortgage for your situation. A credit check will be required for an Agreement in Principle. Once you have given the lender all the relevant documentation and a valuation of the property has been completed, a formal mortgage offer can be issued.

Your free mortgage consultation with a trusted member of our mortgage advice team in Bristol will last around one hour. From there, your advisor will then recommend a mortgage for you with no obligation for you to proceed and you can decide whether you wish to take it or step back.

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 Bristol!

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

Bristolmoneyman.com & Bristolmoneyman 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 Bristolmoneyman

Bristolmoneyman, St. Brandon's House, 29 Great George St, Bristol, BS1 5QT.

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