When you’re looking to borrow a large sum, it can be surprisingly difficult to find a mortgage lender who is willing. At Lucra Mortgages we have the experience and the access to the right lenders on the right terms.
It’s not widely known, but many mainstream mortgage lenders have restrictions on the maximum loan to value (LTV) they’re willing to offer. They put in place a different set of lending rules and obstacles to overcome in comparison to mainstream loans. They may also look to limit the income multiple you can achieve, making it appear that you can’t borrow enough for your circumstances.
The team here at Lucra are highly experienced at navigating the complexities of these different types of mortgages, in order to guide you as to the best option to suit your requirements. We have access, not only to lenders on the high street, but private banks too. And we understand exactly how to approach high value specialists and structure the mortgage we want to apply for, something that is pivotal when dealing with loans in excess of £1M.
Trust us. We’ll get you there.
Your home may be repossessed if you do not keep up repayments on your mortgage.
There may be a fee for mortgage advice. The actual amount you pay will depend on your circumstances. The fee is up to 1% but a typical fee is £549.
We understand that executive incomes can be derived from varying sources, whether employed PAYE, self-employed, partnership income, income from investments or even income derived from a trust fund.
And we use this knowledge to help ensure that we place you with the correct lender for your circumstances, so you get the mortgage you need on the most favourable terms.
Your home may be repossessed if you do not keep up repayments on your mortgage.
There may be a fee for mortgage advice. The actual amount you pay will depend on your circumstances. The fee is up to 1% but a typical fee is £549.
High value properties may also have the benefit of an annexe or perhaps a large acreage. They may even have restrictions on use of the land. The problem with this is that many lenders won’t accept it as suitable security.
Understanding the individuality of the property may help us to place your mortgage with the correct lender and avoid any pitfalls along your mortgage journey.
Your home may be repossessed if you do not keep up repayments on your mortgage.
There may be a fee for mortgage advice. The actual amount you pay will depend on your circumstances. The fee is up to 1% but a typical fee is £549.
Complete our form or give us a call. Everyone’s needs are different so we’ll gather all he info we need to help make your application as smooth as possible.
We have access to hundreds of deals. Our team will search the market and give you options that best suit your needs and save you money.
Buying a property is rarely straightforward, so our expert team will be there to guide you all the way through the process from offer to completion.
It’s hard to watch the news these days without mention of the cost of living crisis and the associated squeeze in household budgets. And there’s no sign of a let up just yet. So as energy costs and food prices rise, is now the right time to remortgage? Or would it pay to wait?
Applying for a mortgage in the UK can be a daunting task, but organising your documents well in advance can make the process much smoother. Here’s a brief overview of what you need to know…
With mortgage rates on the rise, you might be starting to wonder whether there is a way you can get on top of your mortgage repayments and keep future payments at a manageable level. And making the decision to exit your current deal and remortgage early may be one way to do this.
Your home may be repossessed if you do not keep up repayments on your mortgage. There may be a fee for mortgage advice. The actual amount you pay will depend on your circumstances. The fee is up to 1% but a typical fee is £549.
