Published 18th August 2017
Every lender is different. Finding the right mortgage for you by just asking your current bank or building society just limits you to their rates they try and flog you, and can cost you £hundreds if not £thousands. To beat this, give yourself the whole scope of the market and make sure you find the best mortgage for you.
Residential | Buy to let | Broker & Direct deals Now owned by and known as Santander mortgages. Their products have been up there with the best over the last few years. Well known for their free re-mortgage packages (free valuations and legal services), that at times is also available on purchases with certain products. They are generally not interested in customers with adverse credit, although may consider minor issues case by case. To find out if an Abbey mortgage is right for you, make an enquiry now
Residential | Buy to let | Broker deals only As a subsidiary of Yorkshire Building Society, and only open for business through brokers, many borrowers may not have heard of them. In the world of intermediaries however, they often top the rates tables with some standout deals across a variety of LTVs and purpose. They now also compete well in the buy to let market. To find out if an Accord mortgage is the best for you, make an enquiry.
Residential | Buy to let | Broker & Direct deals You may never have heard of them slightly more creative lender considering some adverse credit at lower LTVs. They also offer specialist 100% Family guarantee mortgages, where the borrower doesn’t need deposit to purchase their property. To find out if an Aldermore mortgage is the best for you, make an enquiry
Bank of China Mortgages
Residential | Buy to let | Broker & Direct deals As one of the biggest banks in the world, when Bank of china entered the UK mortgage market in July 2009, advisors and borrowers were somewhat excited. Despite offering attractive rates however, the uptake of their mortgages has been relatively low, in part due to some rather strict and unorthodox lending criteria. Until fairly recently, applicants had to be put through a mandatory ‘interview’ at one of their 5 branches, and they were very tight on who could apply. More recently, they still reside in the higher end of the market with some occasional attractive rates. To find out if a Bank of china mortgage is right for you, make an enquiry
Barnsley Building Society Mortgages
Residential only | Direct deals only at this time Barnsley Building society and The Barnsley, are trading names of Yorkshire Building society. They occasionally offer competitive rates, rarely found at the top of the tables however. It may be worth considering other lenders before signing on the dotted line. They are affiliated with Accord mortgages. To find out if a Barnsley BS mortgage is right for you, make an enquiry
BM Solutions Mortgages
Buy to let only for new borrowers | Direct & Broker exclusive deals Birmingham Midshires mortgages are specialised for buy to let properties, although a certain number have been residential in the past. They are owned by Lloyds banking group, and have been part of the buy to let furniture for the last few years, offering competitive rates. To find out if a BM mortgage is right for you, make an enquiry.
Bath Building Society Mortgages
Residential | Buy to let | 100% mortgages | Broker & Direct deals Bath BS is one of the smaller BS lenders in the UK, local to Bath but also lend nationwide. Like many lenders now, Bath also offer a 100% family guaranteed mortgage. They claim to support the local community – charity of the year (vote and fundraising, donations, focus) To find out if a Bath BS mortgage is right for you, make an enquiry
Bradford & Bingley Mortgages
No longer lending to new customers Now state owned following the collapse of the building society, B&B no longer lend to new customers. They control and manage a modest lending book, with many of its borrowers happily sat on a 2.25% standard variable rate benefiting from the continued reduction in the Bank of England rate at 0.5%. New borrowers must look elsewhere for finance and are usually required to take their main mortgage with them, unless taking a second charge of course. If you currently have a B&B mortgage and want a better deal or to take some additional borrowing, get in touch and one of the experts will help.
Residential | Buy to let | Existing borrowers only Now owned by lloyds banking group, C&G have rebranded for new borrowers as lloydsTsb (now separating into lloyds & Tsb again on orders by the FSC, as they are in breach of competition regulations and need to sell off 600 branches by the end of 2013). C&G remain in control of millions of home loans for their current customers, who sign up to new T&C’S for any new borrowing. To find out if a C & G mortgage is right for you, make an enquiry here.
Cheshire Mortgage Corporation Mortgages
Residential | Buy to let | Exclusive broker deals Not to be confused with Cheshire building society (owned by Nationwide), Cheshire mortgage corp. has historically positioned itself as an adverse credit lender, Cheshire used to offer anyone money at a price. Nowadays although criteria has tightened along with everyone else, they still consider borrowers with more colourful history. They usually require slightly more deposit and charge higher rates than other lenders, but currently offer 100% mortgages for shared ownership purchases, even for applicants with adverse credit. To find out if a Cheshire mortgage is right for you, make an enquiry
Residential & Buy to let |Direct & Broker exclusive deals Halifax, once of HBOS now part of Lloyds banking group, are one of the main mortgage lenders in the country. They offer some of the most competitive rates and despite a relatively high credit score threshold, tend to be quite flexible in terms of criteria and who they choose to lend to. Usually Halifax offer better rates than their brother across the road at Lloyds, as they are seen as more of a specialist home loan business rather than a traditional bank such as Lloyds TSB. Lloyds and Halifax offer Lend a hand products, where it is possible to purchase a property with a 5% deposit, so long as a 20% deposit is made for a minimum of 3 years. Lloyds TSB have also recently launched the exclusive ‘local lend a hand scheme’, where the local authority puts up this 20% security instead. To find out if a Halifax mortgage is right for you, make an enquiry
Residential & Buy to let |Direct deals only Well known for regularly offering some of the most attractive rates in the market. They frequently top the tables for residential deals at lower LTVs, and have decent record for customer service. However, they are one of the most difficult lenders to get accepted with and are very particular about whom their money is lent to and declines are a common occurrence. To find out if a HSBC mortgage is right for you, make an enquiry
Residential & buy to let | Broker deals only Kensington are one of the most flexible lenders when it comes to criteria. They are the cornerstone of adverse credit mortgages, and currently ignore many credit problems if they happened over 2 years ago. The credit score pass rate is low and they are open to applications from a number of niche areas of the market that other more mainstream lenders wouldn’t touch. Their rates are not astronomical either despite this stance. To find out if a Kensington mortgage is right for you, make an enquiry
Leeds Building Society Mortgages
Residential & buy to let | Direct deals & Broker exclusives Leeds BS have been around for years, offering mortgages in a number of different markets, and have a flexible lending policy that accommodates for certain customers who’d struggle elsewhere. Currently, it is thought that the credit score required is lower than for some of the mainstream lenders and are a good choice for minor credit issues such as late payments or historical issues in isolation. They offer competitive rates on both residential and buy to let products. To find out if a Leeds mortgage is right for you, make an enquiry here
Lloyds TSB Mortgages
Residential & buy to let | Direct deals only | Local lend a hand exclusives Lloyds TSB mortgages deals have been mediocre over the last couple of years. Occasionally they release a headline chart topping rate, but with massive setup fee that makes it unaffordable in most circumstances. As part of Lloyds group, Halifax have offered a slightly better rate on all products, with a very similar lending criteria – they actually use the same mortgage processing staff & systems – although, Lloyds policy tends to be more strict than Halifax. Having said this, Lloyds currently offer exclusive access to the ‘local lend a hand scheme’, where borrowers can buy with a 5% deposit if their property is in the postcode of a registered local authority. The registered authorities have agrees to put up 20% security on each new mortgage under the scheme, allowing many first time buyers in the area the chance to purchase where they would otherwise have had to save more deposit or rely on generous family members (like the helping start schemes offered by other lenders). To find out if a Lloyds TSB mortgage is right for you, make an enquiry
Mansfield Building Society Mortgages
Residential | Buy to let | Exclusive broker deals One of the few lenders that credit search, not credit score, allowing applications to be reviewed case by case – Great for those declined on a poor score but without any major recent adverse credit. Occasional great rates, but generally not topping any tables. To find out if a Mansfield BS mortgage is right for you, make an enquiry
Metro Bank Mortgages
Residential & buy to let | Direct deals only Since entering the mortgage market, Metro Bank were relatively slow to get going, only arranging 100 mortgages in their first 15 months. Since then lending has increased, although they still only offer products direct rather than via intermediaries. It is thought they form part of an overhaul on the banking industry along with Tesco and other new organisations that has other banks running to the hills, because of their convenient branch locations and late opening hours. Now moves by Natwest and Lloyds reflect this pressure, who have extended opening hours in the week and on Saturdays, to cater for those who work 9-5. To find out if a Metro Bank mortgage is right for you, make an enquiry
Residential & buy to let | Direct & broker exclusive (Natwest Int Sols) Natwest have been one of the few consistent main players when it comes to good rates. Not always the best, but aren’t usually far behind. Their credit scoring is consistent with that of its high street rivals, making it tougher to obtain a deal for those who have more colourful credit histories. They don’t offer anything creative or unique when it comes to criteria. To find out if a Natwest mortgage is right for you, make an enquiry
Nationwide Building Society Mortgages
Residential only (BTL via the mortgage works) | Direct & broker exclusive deals Nationwide are one of the longest standing mortgage providers, being the UK’s 3rd biggest lender, and the largest building society in the world. They currently offer attractive deals for first time buyers and those moving home, but have a rather strict credit scoring system making it difficult for those with credit issues to obtain approval. To find out if a Nationwide mortgage is right for you, make an enquiry
Principality Building Society Mortgages
Residential & buy to let | Direct & Broker exclusives The Principality BS is a welsh lender, offering decent mortgage rates on a smaller number of products, including buy to let and mainstream residential deals. They have a relatively flexible approach to credit scoring, occasionally accepting applications for those who have struggled to pass credit score with other more ‘high street’ lenders. To find out if a Principality mortgage is right for you, make an enquiry
Skipton Building Society Mortgages
Residential & buy to let | Direct & Broker exclusive deals Skipton is the 4th largest building society in the UK and currently offers very competitive mortgages in the mainstream clean credit market. Their lending criterion accommodates those with minor historical credit problems, and they have been thought to offer a slightly easier credit scoring pass rate compared to the high street banks. To find out if a Skipton mortgage is right for you, make an enquiry
Stafford Railway Building Society Mortgages
Residential & buy to let | Direct & Broker exclusive deals A little known lender when compared with the rest of the market, with a case by case attitude to lending – where humans check applications with a common sense approach as opposed to computers with hard and fast rules – accommodating those who are struggling to borrow on the high street. Stafford are a good choice for expats and foreign nationals who are looking to get a mortgage in the UK. To find out if a Stafford Railway mortgage is right for you, make an enquiry
The Mortgage Works (TMW) Mortgages
Buy to let only | Direct & Broker exclusive deals Owned by Nationwide, TMW mortgages are among the few lenders that are specialists in buy to let alone. They have been the ‘go-to’ lender for customers looking for the best deals and flexible lending – although they do require applicants to pass a relatively strict credit score. They regularly offer broker exclusive deals, so intermediary channels supply vast amounts of buy to let business. Because of their willingness to lend they offer good service and top the rates charts a lot of the time. To find out if a TMW mortgage is right for you, make an enquiry
Virgin Money PLC Mortgages
Residential & buy to let | Direct & Broker exclusive deals Virgin is the organisation who eventually bought out Northern Rock following their demise at the peak of the credit crunch. The bank was separated into two groups, one to manage existing borrowers and another to service new business. The new business arm offers competitive deals in both the residential and buy to let sectors, but generally has a low tolerance for borrowers with credit issues, and it is thought to have a relatively high standard of credit score in order to gain approval. To find out if a Virgin Money mortgage is right for you, make an enquiry
Residential & buy to let | Direct & Broker exclusive deals Woolwich, the mortgage solution for Barclays Bank, are better known for offering attractive residential deals than buy to let products. They tend to offer occasional existing customer incentives that make their products more appealing for those already with a Barclays account, usually in the form of a discount on set up fees etc. They consider applicants with credit issues that were settled years prior to application, but demand a relatively high credit score in order to gain approval. They have offered 95% ‘springboard mortgages’ in conjunction with their ‘helpful start’ account, where a borrowers friend/ family member must deposit 10% of the purchase price into an account for a minimum of 3 years. To find out if a Woolwich mortgage is right for you, make an enquiry
There’s many more…
This section is being added to all the time. There are many other lenders in the market, including broker exclusive organisations. If you haven’t found what your are looking for here, please fill out an enquiry or give us a call and we’d be happy to help with anything you need.
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