Specialist Mortgage Advice in Hull

If you’re facing a complicated situation with your mortgage in Hull, seeking advice from our experts could make all the difference. We’ve helped countless customers overcome seemingly impossible hurdles and secure the mortgage they need.

Over our 20 years of providing expert mortgage advice in Hull, we’ve encountered a diverse range of scenarios.

A property down valuation occurs when a property survey reveals that the sale price is higher than the actual value of the home.

In such cases, mortgage lenders may withdraw from the deal. With prompt action, however, such as negotiating with the property owner or making up the difference with your own funds, you may still be able to proceed with your mortgage lender.

Divorce or separation can be a trying time, but it’s crucial to sort out financial arrangements with your ex-partner as soon as possible.

If you’re financially linked to your ex-partner and they accrue debt or have a poor credit score, it could adversely impact your credit score too.

Our team can help you navigate this complex process by arranging the mortgage side of things.

If you’re married and wish to take out a mortgage in your name alone, you’ll need to prove that you can afford it. Mortgage lenders typically use an affordability calculator to assess your eligibility.

Shared Ownership is a scheme that allows you to purchase a percentage of a property and pay rent on the remaining portion.

Typically, you can purchase between 10%-75% of the property, with the option to purchase the remaining shares in the future.

Professional mortgages are exclusively available to certain professions. Contact us to determine if you meet the eligibility criteria.

If you’re considering a second mortgage, you’ll need to demonstrate that you can manage two sets of mortgage payments.

Whether you intend to use the property for your own purposes or as a buy to let investment, you’ll need to put down a larger deposit.

If you’re purchasing a holiday home, you’ll need to decide whether to rent it out or not. Renting the property when you’re not using it could provide an additional source of income.

A “non-standard” construction property is one that isn’t made of brick and mortar. Securing a mortgage for such properties may require a specialist product, and we advise that you conduct a full structural property survey.

HMO mortgages are popular among landlords, as they enable multiple applicants (usually up to six people) to sign onto a mortgage. Seeking expert HMO mortgage advice in Hull can help you navigate the intricacies of this type of mortgage.

If you’re over the age of 55 and looking to release a lump sum of cash, a lifetime mortgage may be an option. Bear in mind though, that this type of mortgage requires specialist help, and we advise that you speak to an expert to determine if it’s right for you.

To understand the features and risks, ask for a personalised illustration.

A lifetime mortgage may impact the value of your estate and it could affect your entitlement to current and future means tested benefits. The loan plus accrued interest will repayable upon death or moving into long term care.

Offset mortgages enable you to link your savings to your mortgage, potentially resulting in competitive interest rates. Meeting the strict requirements of this type of mortgage though, can be challenging, and seeking expert mortgage advice in Hull is recommended.