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Specialist mortgages are not your run-of-the-mill mortgage. These alternative home loan solutions are designed for clients who are unable to meet the lending criteria set by high street mortgage lenders.
We are a specialist brokerage firm with particular expertise in sourcing and arranging specialist mortgages like buy to let, residential, commercial and development finance.
Our streamlined approach ensures deals are secured quickly and efficiently. With a small team of brokers, we pride ourselves on offering a personal and bespoke service.
We source deals from across the UK mortgage market, including private banks and private equity providers. Our brokers are experts with years of experience and extensive contacts. As a result, we have access to a wide range of lenders and exclusive products.
We understand that it can be challenging to secure the best finance terms, especially if you do not meet the criteria of most lenders ion the UK market. Regardless of your situation, we can find you the most practical and cost-effective solution.
Our team of mortgage specialists are on hand to offer you independent advice, no matter how complex. Get in touch
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Second charge Mortgages
A second charge – otherwise known as a “second mortgage” or “second charge mortgage” is a mortgage that’s secured against a property which already has a mortgage on it.
This second mortgage is entirely separate from your original or “first” mortgage.
You need your existing lender’s permission in order to secure a second charge on your property.
Offset Mortgages
An offset mortgage is a mortgage with a savings/current account that’s linked to the mortgage account. This savings account is sometimes referred to as “offset account”. Why would you want a savings account linked to your mortgage?
Because it can reduce the amount of interest you’re charged.
Mortgage for Directors
Arranging mortgages for directors running businesses can be far more difficult to secure than mortgages for salaried individuals because actual income and ability to make repayments can be less obvious to lenders.
Freelance and Self-Employed Mortgages
You can still get a mortgage when you’re self-employed, a freelancer or a contractor if you meet the lender’s criteria.
In fact, getting a mortgage when you’re self-employed isn’t that different from getting one when you’re employed.
Let to Buy Mortgages
You remortgage your existing property onto a buy-to-let basis so that you’ll be able to rent it out to tenants. It’s common to release additional equity from your property by remortgaging for an amount greater than your current outstanding mortgage balance. You can then use this money – along with any savings – as a deposit on your new home.
Private Bank Mortgages
Homebuyers with complex incomes or wealth streams may find their mortgage options restricted if they approach traditional high street lenders, who typically apply a “tick box” approach to assessing whether to grant a mortgage. Private banks consider options on a case by case basis, often considering an individual borrower’s ability to fund their mortgage by taking account their wealth in addition to income.
Expat Mortgages
An expat is someone who’s currently residing in a country that they’re not a national of. You’re a UK expat if you’re from the UK but live abroad.
An expat mortgage is a mortgage you’d take out on a property in the UK while you’re a UK expat – i.e. a UK national living abroad. This is different from an overseas mortgage, which is where you take out a mortgage for a property that’s not in the UK but overseas.
Interest-Only Mortgages
An interest-only mortgage is a type of mortgage where you only make interest payments each month, as opposed to the interest and capital payments you would make on a repayment mortgage.
Making interest payments each month stops the mortgage balance from increasing but doesn’t go towards paying it off. You pay the full mortgage balance at the end of the mortgage term or when the property is sold.
Larger Mortgages
Most high street lenders in the UK offer mortgages of up to £1 million with a handful stretching to £2 million. As a general rule, these lenders will only offer mortgages where the LTV (loan-to-value) is between 60% and 75% of the property value.
Thankfully, there are plenty of specialist lenders and private banks offering mortgages at higher LTVs.
New Build Apartment Mortgages
Getting a mortgage for a new-build apartment can present many challenges. As an independent mortgage broker, Ever North is an expert in helping first time buyers- and others- to move further along the housing chain to secure new build mortgages. We can help you to find the right mortgage to get you the apartment you have set your heart on.
Mortgages for Doctors
Arranging mortgages for doctors can be difficult because of the LLP status of practices, with income made up of unpredictable drawings rather than a guaranteed income. Many doctors taking up a post for the first time may have come from the NHS, others may combine locum work with private practice. The result can be a complex source of income that won’t meet the usual requirement of a standard mortgage application.
If you would like to contact with us, please provide your details on the form and we will call you right back.
Regulatory Statement
Ever North Limited is a company registered in England and Wales with registration number 10216011. Registered Office: Ground Floor, Rainham House, Manor Way, Rainham RM13 8RH. Ever North Limited is authorised and regulated by the Financial Conduct Authority. Our FCA Number is 800196. Information Commissioner’s Office (ICO) Registration Number: ZA336026. As a client of a regulated firm you have the right to take unsettled complaints to the Financial Ombudsman Service (FOS) which is an arbitration agency for complaints occurring in the financial services industry. Full details of the FOS can be found here: https://www.financial-ombudsman.org.uk. Please note the content, services and information displayed on this site are intended for residents of the UK only. We may record telephone calls for training and quality purposes.
WARNING
THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE OR ANY OTHER DEBT SECURED ON IT.
The Financial Conduct Authority does not regulate Bridging / Commercial loans and certain types of Buy to Let Mortgage and some investment mortgage contracts. Your Home is at risk if you do not keep up repayments on your mortgage or any other loan secured on it. Equity Release / Home Reversion – This is a Lifetime Mortgage or home reversion plan, to understand the features and risks, ask for a personalised illustration.
Under no circumstances should any of the information contained within this website be construed as “advice”. You should seek professional advice in respect of your own circumstances.