Our experience, independent status and unbiased relationships with lenders gives us access to a broad range of mortgage products, even for those with complex circumstances. Whatever your situation, talk to us today to see if we can help find a mortgage that’s just right for you.
Specialist Mortgages in Nottingham & Mansfield
Adverse credit mortgages
If you’ve had bad credit in the past it doesn’t mean you can’t be considered for a mortgage but it may mean that your options are more limited.
Some lenders stay clear of customers with a poor credit history whilst some will consider an application from someone with minor issues. We also have access to specialist lenders that offer products specifically designed for people with an adverse credit history.
It may be that you need to put down a greater deposit, or that you may be on a higher interest rate, but there are options available to get you back on track.
Self-employed mortgages
Mortgages are just as widely available to self-employed people as they are to the employed. But because it’s sometimes harder to provide evidence of a sustainable income, they are assessed in a different way.
Typically most lenders will look to assess sustainable income over a period of the last 2-3 years; others might consider just one year of accounts, depending on circumstances.
Cowens’ access to a breadth of market lenders means we may be able to find a lender to suit your needs.
Mortgages for foreign nationals
If you do not have permanent rights to reside in the UK, depending on your nationality, visa status and circumstances, you may still be able to get a mortgage. You may be required to put down a larger deposit but with access to a wide cross section we have access to lenders who may consider foreign nationals.
Other diverse cases might include:
- Offset Mortgages
- New Build Mortgages
- Mortgages for Directors
- Let to Buy Mortgages
Whatever your circumstances we have the flexibility to collaborate with specialist lenders to build a mortgage that’s as individual as you are.
Your home may be repossessed if you do not keep up repayments on your mortgage.
Get in touch with a friendly, expert Cowens adviser to find out more.
Frequently Asked Questions
What is a specialist mortgage?
A specialist mortgage is designed for borrowers who don’t fit standard lending criteria, such as those with bad credit, irregular income, or unique property requirements.
Who needs a specialist mortgage?
Specialist mortgages are useful for self-employed people, contractors, those with adverse credit, foreign nationals, landlords, or anyone purchasing a property that doesn’t meet standard lending rules.
Are specialist mortgages more expensive?
They can be, as lenders may charge higher rates or require larger deposits to offset the increased risk. However, a broker can help find the most competitive deal for your circumstances.
Can I switch to a standard mortgage later?
Yes. Many people start with a specialist mortgage and later remortgage to a mainstream product once their financial situation improves or they meet standard criteria.
How do I know if I need a specialist mortgage?
If you’ve been turned down by mainstream lenders, have non-standard circumstances (like irregular income, bad credit, or a unique property), or just aren’t sure, speaking with a broker will help identify whether you need a specialist product.
What is a specialist mortgage?
A specialist mortgage is designed for borrowers who don’t fit standard lending criteria, such as those with bad credit, irregular income, or unique property requirements.
Who needs a specialist mortgage?
Specialist mortgages are useful for self-employed people, contractors, those with adverse credit, foreign nationals, landlords, or anyone purchasing a property that doesn’t meet standard lending rules.
Are specialist mortgages more expensive?
They can be, as lenders may charge higher rates or require larger deposits to offset the increased risk. However, a broker can help find the most competitive deal for your circumstances.
Can I switch to a standard mortgage later?
Yes. Many people start with a specialist mortgage and later remortgage to a mainstream product once their financial situation improves or they meet standard criteria.
How do I know if I need a specialist mortgage?
If you’ve been turned down by mainstream lenders, have non-standard circumstances (like irregular income, bad credit, or a unique property), or just aren’t sure, speaking with a broker will help identify whether you need a specialist product.