Specialist Residential

Specialist Mortgages

Adverse Credit applications.

Many of our previous clients have had credit issues in the past which are still on their credit record and prevent them obtaining a mortgage with their bank.

We can help! Whether it is a CCJ, an IVA, a missed payment, a payday loan or just overall poor credit history we will do our very best to find you a mortgage deal. It is extremely rare for us not to be able to find a deal with one of the lenders we deal with.

After we have found you a deal, we will then give you advice how to improve your credit history. When the mortgage deal that we arrange for you comes to an end, if you carry out is advice, it is more likely for us to find you a mortgage with a High Street lender.

N

Complex prime

N

First time buyers

N

Contractors

N
Unusual property types
N
Gifted cash/equity deposits
N

Help to buy schemes

N

Shared equity

N
Right to buy
N
Properties above commercial
N
Discounted family purchases
N

Adverse credit

N

Self-employed

N
Complex & multiple incomes
N
Lending into retirement
N
Debt management plans
N

Shared ownership

N

Guarantors

N
Interest only
N
Lifetime range of 55 plus products
N
No credit scoring

Borrowing in Retirement

An increasing number of people want to borrow beyond their state retirement age. Previously, the only lenders that allowed this were Equity Release providers.

Due to changes brought in by the FCA in early 2018, the number of lenders who allow people to lend into their later years has grown rapidly.

Many traditional residential mortgage lenders now allow the mortgage term to continue into a borrowers 70s, 80s and 90s.

New mortgage products have emerged in the last year called Retirement Interest Only Mortgages (RIOs). These do exactly as the name suggests and allow the borrower to pay only the interest on the outstanding debt.

Whilst taking on any debt is a big consideration, especially in later life, the fact that there are an increasing number of lenders willing to do so is a good thing.

An Independent, Whole of Market firm such as Ocean Mortgages can help guide you through the maze of products now available. We listen to your individual circumstances and give you specialist advice.

Specialist Mortgage Client review 

‘We needed reliable,professional advice in obtaining the best deal for a Bridging Loan and subsequent mortgage to suit our needs.

Without Stuart Powell’s advice, expertise and guidance we would not have been able to rectify our circumstances regarding securing a Bridging loan and subsequent mortgage for the completion of refurbishing a buy to let property.’ Mr E, Cornwall.