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Complex Mortgages

model of house with front door keys

No matter your circumstances, we'll arrange the perfect mortgage for you
 

The Lending Channel prides itself on offing services you won’t find with many other brokers. Fully authorised and regulated by the Financial Conduct Authority, we not only arrange conventional residential mortgages but specialise in many niche areas of mortgage lending, including:

  • Adverse Credit


    For those who find themselves underserved by the UK High Street Banks. 

    Millions of people have a mix of defaults, mortgage arrears, or missed payments on unsecured credit, with other consumers who find themselves in Debt Management Plans, IVAs (Trust Deeds in Scotland) or who have been made bankrupt. While other brokers may turn you away, we consider every client on a case by case basis.

  • Professional Mortgages

    For medical doctors, dentists, accountants and solicitors. Up to 95% loan to value (LTV) including new builds up to £400k. (Available in Scotland only.)
     
  • Guarantor Mortgages

    For first-time buyers or students with a maximum LTV of 90% and no second home tax for parents.
     
  • Guest House Mortgages

    For those with 75% LTV. A maximum loan can be £350,000 on properties with a maximum number of letting rooms of six.
     
  • Self Build

    80% maximum LTV with 60% LTV maximum on the first drawdown. Gifted land is acceptable and can be split title from family land.
     
  • Complex Income

    Traditional banks often do not have the resource or time required to understand self-employed, contractor or non-Sterling income (Euro and US Dollar only).
     
  • Retirement Interest Only

    This is for over 55s and has a limit of 60% lending against the property's value.
     

Our fully qualified, friendly and experienced advisers are waiting to hear from you. All enquiries are dealt with on a no-obligation basis with no up-front fees and no charges for our advice and time taken to process applications (these will be fully agreed upon at the start of the application process). 

So get in touch now, you can either use our online enquiry form or call us.

Difficult or unconventional properties
 

Lenders don't always share your vision for what represents a dream home.

Perhaps that thatched roof isn't seen by them as a positive feature, or maybe you have your eye on a flat above a shop, an ex-Local Authority property that uses Pre Reinforced Concrete or a building that uses non-conventional construction techniques. Perhaps you want to offer an A-listed manor house!

When it comes to mortgage loans, anything out of the ordinary about your dream home's construction or potential resale attraction can give the mainstream lenders a nightmare. They want to know their capital is safe.
But with virtually every type of property, there is a lender experienced in that market. It's just a case of knowing who best to approach. That's where The Lending Channel, with our extensive panel of lenders, are your best ally.

Rest reassured, whether you're a first-time buyer or want a mortgage to move to a dream house, the whole process is no longer as isn't as difficult as it once was, at least for those who come to The Lending Channel.


Self-employed mortgage
 

If you want a self-employed mortgage (a description that now applies to one in five of the UK's working population), then there is a good chance that you too have found it hard to secure a loan offer through a High Street lender.

But don’t give up: when it comes to complex mortgage applications, The Lending Channel can help when others can’t.

That's because if you ask how most banks and building societies make their lending decisions, the answer is typical relating to proof of your monthly income – and that phrase is defined differently by each lender.

Through our extensive lender's panel, we can help you find the best mortgage product for your circumstances – even when you've been declined a mortgage offer by other lenders.

Typically, before they set up a loan offer, a lender will ask to see at least two years' earnings from the self-employed. That time constraint would be bad enough, but if you're self-employed, it might be that your income each month has been a mix of salary plus an element of dividend from your business. Even if you've drawn out the same amount for two years, many lenders will ignore the dividend, as it's not guaranteed. 


Contracted employment
 

If you currently work in a contracted position, under IR35 regulations, or work under the Construction Industry Scheme (CIS), you'll face similar problems.

Even with lenders familiar with the CIS Scheme, many often want to deduct expenses and tax from your quoted day rate, which will reduce the amount they are prepared to loan.

They might also impose additional requirements on you, such as asking for an increased minimum deposit.


The good news
 

Numerous lenders have woken up to the fact that employment patterns have shifted enormously in recent years. These lenders have products that will meet your circumstances. After all, more than 4.6 million people are self-employed in the UK, and that number is growing year by year (Office for National Statistics). That’s a big potential market – and we know where to look!
 

So whether it's help with applying for a mortgage, advice regarding your buy-to-let mortgages options to discuss your options based on your current situation, get in touch.

Adverse Credit

Applying for a mortgage when you have a bad credit history is complicated. It's always best to seek advice. Let us guide you through the process and help you.

Professional Mortgages

Both economical and flexible, a professional mortgage comes with many amazing benefits. We'll help you make the most of them by finding the right lender for you.

Guest House Mortgages

Running a guest house can be a desirable career, and the good news is, we can assist in any requirements you may have to forward your goal as we know that understanding which type of mortgage you need and what the requirements are can be difficult.

Guarantor Mortgages

A guarantor mortgage offers an opportunity for young people & those with low incomes to get on the property ladder. We can help secure the right loan for you.

Self Build Mortgages

Self build mortgages can be ideal for those intending to build or oversee the building of their own home. Take a look at what these mortgages include, how they can help you and how The Lending Channel and arrange everything for you.

Retirement Interest Only

Retirement interest only, or RIO mortgages, are for those aged 60 and over. RIO mortgages allow property owners to remortgage their current loan under similar terms to the arrangement already in place. This means they only need to repay the interest for the term of the loan.

The Lending Channel are members of the National Association of Commercial Finance Brokers (NACFB).
2/1 King James VI Business Centre, Friarton Road, Perth, PH2 8DY
Tel: 01738 583008 | Fax: 01738 500402

The Lending Channel are authorised and regulated by the Financial Conduct Authority.
Company number SC334818
Data Protection Act: Z2030159

THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP YOUR REPAYMENTS ON A MORTGAGE OR OTHER DEBT SECURED ON IT

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