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. Here are some of the most common challenges we’ve helped our clients overcome:
Specialist Mortgage Scenarios:
Property Down Valuation
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 & Separation
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.
Single Name Mortgage for Married Applicants
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.
Second Home Mortgages
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.
Holiday Let Mortgages
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.
Non-Standard Construction Properties
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.
In need of a specialist mortgage advisor in Hull?
If you require mortgage advice in Hull, you’ve come to the right place. We are here to help you every step of the way.
Our mortgage advisors in Hull are completely transparent and have your best interests at heart. We offer free mortgage appointments which can be booked online at your convenience.
At Hullmoneyman, we have years of experience working with various mortgage situations. No matter how complicated your situation may be, we have the knowledge and expertise to help you.
We can search through thousands of mortgage deals, including specialist and high street products, to find the right deal for you.
With over 20 years of industry experience, our mortgage advisors in Hull know how to navigate through the mortgage journey with ease.
We can assist you in finding the most suitable mortgage product for your needs and financial situation. You can book your free mortgage appointment for the morning, evening, or even the weekend.
Connecting you directly to a mortgage broker in Hull is our top priority. We want to provide you with the advice you need as quickly as possible.
Don’t hesitate to contact us for all your mortgage advice needs.