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Specialist Mortgages

Specialist lending is a segment of the mortgage market dedicated to providing alternative home loan solutions to borrowers who are unable to potentially meet the lending criteria set by the normal mortgage lenders.

There are numerous reasons why a borrower may fall into the specialist category and there is no common characteristic that identifies every specialist borrower together.

Our streamlined approach ensures deals are secured quickly and efficiently, and we pride ourselves on offering a personal and bespoke service. We source deals from across the UK mortgage market as a result we have access to a wide range of lenders and exclusive products.

We pride ourselves on being able to provide solutions to your bespoke requirements.  Please contact us and let us work on your future together.

Contractors, Freelancers and Self-Employed Mortgages

We have a selection of specialist lenders to deal with contractors, freelancers, directors, and other self-employed applicants. We will find you the most suitable financial solution and make sure the process is smooth as possible.

The very nature of self-employed, freelance, and contract work can mean that your income may vary from month to month, and profits can be substantially different from year to year depending on prevailing market conditions and other factors, many of which may be out of your control.

Lenders will take into account such factors as your average monthly income or net profits from your business (or your share of the net profits in the case of a partnership), the sustainability of income and profit trends, your available deposit and your credit score.

Specialist Mortgages

Self-Build Mortgages

Self-build mortgages differ from conventional house purchase mortgages in that the mortgage funds aren’t released as a single sum, but rather in stages as the construction of your house proceeds. Lenders typically allow you to borrow up to 75% of the land purchase price, plus 75% of the projected property value.

Most self-build mortgages release funds on an arrears basis, which means you only receive money after each building stage is completed – this type of mortgage is suitable for people who have savings to invest upfront into the build costs. However, some lenders offer self-build mortgages with an advanced stage system, allowing you to fund construction from the released mortgage advances.

Couple reviewing plans for self-build house

Second Charge Mortgages

A second charge mortgage, (or secured loan) can be a good option if you’d like to borrow money while leaving your current mortgage in place. The new loan is secured against your property and is available for many different purposes.

This funding option can allow you to avoid the often costly process of re-mortgaging which is what many customers looking to release capital use in the absence of the second charge mortgage option.

A second charge mortgage can help fund a number of things, from home improvements, holidays or more commonly provide a debt consolidation source. The result is two separate loans secured against the value of the property, but the second loan will not affect the first.

A homeowner with an outstanding mortgage and with enough equity in their property to cover the amount to be borrowed can apply for a second charge mortgage.

Specialist Mortgages

Bridging Loans

A bridging loan is a short term solution that can help you with your property purchase. A bridging loan uses the equity in your property as security for borrowing. It is important to remember that these loans are short term (available for 1 day – 12 months usually) and can be expensive, so should not be taken out for long periods.

Few traditional high street banks now offer bridging loans and they are often provided by specialist lenders. As well as having access to the standard lenders, we often work with private banking contacts to arrange this type of finance. The advantages are better rates, lower fees and more flexible access.

In the most urgent situations, we can often arrange for funds to be available within a matter of days rather than weeks and a bridging loan could be the right option for you if you:

  • Purchase a new property but have an existing property to sell, or your sale has fallen through
  • Purchase a property at auction
  • Develop a property
  • Refurbish or renovate a property, or buy a dilapidated property
  • Purchase a buy to let property
  • Extend a lease
Specialist Mortgages

For more information about our specialist mortgage services or to arrange a consultation, please contact us by telephone, email, or by completing the callback form.

Schedule an online appointment with us using our bookings page

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Let us work on our future together

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    Your home may be repossessed if you do not keep up repayments on your mortgage or on any loans secured on your property