Niche Advice specialists in arranging Complex mortgages & Larger Loan Solutions with dedicated contacts at multiple lenders for loans over the one million pound mark.
Typically large loans need extra care with their positioning on application, and strong ties with lender contacts are key as ‘tick box’ or ‘computer style’ underwriting rarely achieves the desired outcome. Rate is also paramount as the slightest differential in basis points makes a significant difference in monthly cost. Therefore, the fact we are totally independent and can access the whole of the market cannot be understated when it comes to Complex mortgages.
Avoid the Sausage factory
Our Customers often derive income from multiple sources and countries, and therefore require our involvement to discuss their circumstances with lender’s senior management and underwriters and negotiate terms on their behalf on all Complex mortgages .
In is not uncommon for our Customers to have tried the traditional lending institutions themselves before they cross our path. Often the reason for their call is they have been let down and infuriated by the front line lender personnel who are far removed from the decision makers and can only quote word-for-word from their underwriting manuals and offer a limited range of products.
This has meant the deal has never get off the ground or has been turned down at a later stage in the process (normally down to overall lack of understanding) and this ultimately this costs time and risks the possibility of being ‘gazumped’. Complex mortgages need specialist attention and knowledge.
Realise the potential
Taking on a london’s large mortgage and high net worth mortgage commitment can be daunting but you should remember that property prices nearly always rise in the medium term, and mortgages in excess of one million pounds are common place in London – with hot spots such as: Chelsea; Kensington; Notting Hill and Kingsbridge often reaching tens millions of pounds – but I suppose that’s to be expected.
If you consider you could buy a house in Clapham, Ealing or East Finchley for around £400k ten years ago that very same property is likely to be worth over a £1m now. This simply illustrates that if you can afford to get in at the higher end of the market you can outstrip most other types of investment yield.
And don’t just sit there and kick yourself thinking you have missed that band wagon, consider joining in because it’s an ongoing feast. In fact, with a huge influx of foreign investors buying in London (as they recognise the value and security in the area) the curve is shooting up as fast as ever but its essential you seek professional advice when it comes to Complex mortgages .
So why choose us? Well unlike most mortgage brokers we have fully qualified independent financial advisors in our ranks, and do not just deal with Abbey and Halifax we have access to an array of private banks that are much more commercially astute and not set on chasing market share from middle and lower England.
Our private bank partners understand that income does not start and end with a PAYE basic salary. They can appreciate the value of irregular income, commission, bonuses, dividends, investment portfolios and property and frankly deal with Complex mortgages everyday which means they too will understand our clients needs.
They also understand the make up of on-and-offshore limited companies and the reasons why ‘creative accountancy’ exists, and can drill down to the actual company value rather than look solely at the baseline net profit figure that traditional lenders get so fixated on.
Don’t get me wrong it’s still not a walk in the park but our input will get you proper hearing.
For example here are some of the customer’s profiles we help:
Mortgages for Investment Bankers – Mortgages for applicants with modest basic salaries with large bonuses or share options
I know this is a sensitive subject right now but I make no apologises for recognising that this is embedded in the City of London culture and a definite need. Traditional lenders have never managed to get their heads around this ‘remuneration style package’ as their institutions are run by opposite structures, particularly the building societies that are conservative by definition.
International Property Landlords – Rental income through SPVs.
Mention income from abroad to a high street building society and they will turn their noses up. Mention special purpose vehicles and they will probably think you are about to drive a tank and call security! The reality is our lender partners understand different company structures and the tax efficient benefits they bring.
Retired – Investment income and pensions.
Fixed bonds, company pensions and share portfolios are all up our street.
In fact, provided you can demonstrate your income on a statement we will probably be able to help. What’s more we will match you with the right lender from the outset and negotiate a product you deserve.
For more information on or range of Complex mortgages , please contact me directly on T: 0207 993 2044 or alternatively complete the online enquiry form on this page.
Author: Payam Azadi
Payam Azadi is a partner at Niche Advice who are whole of the market Independent Mortgage Brokers. His role is very much focused on Property financing both on residential and commercial lines.