Access To Specialist Mortgage Lenders
Specialist Mortgage Brokers Securing The Mortgage You Deserve
Independent whole of market mortgage and insurance brokers. We provide tailored advice to create long-term success and financial progression for our clients.
As Seen In
Specialist Mortgages For Every Scenario
Jones & Young Mortgages - Your Access to Specialist Lenders
Jones and Young are independent and whole of market advisers. As specialist mortgage brokers, we understand the way lenders view your income, and personal circumstances can be complex. That’s why our expert mortgage advisors take a more personal approach.
With over 30 years combined experience in the mortgage market, we have access to a wide range of high street lenders, as well as specialist lenders, so that we can find the best deal for our clients. Many mortgage lenders fail to understand the complexities of CIS and self-employed mortgages. That’s why even if you have previously been declined, we might still be able to help.
Our main goal is to make the mortgage application process stress-free. Not only will we discuss your personal needs at a convenient time, but we’ll inform you of exactly how much lenders will be prepared to give you. In addition, we’ll complete all the necessary paperwork and our friendly experts will be there at all times to guide you through the process.
20+ Years As Mortgage Advisors
Individual Tailored Advice For Mortgage & Protection
Whole Of Market Access
Get A Personalised Specialist Mortgage Quote Today!
As Independent Whole of Market and experienced advisers, we go the extra mile to offer you a personal, approachable and accountable service.
Read What Our Recent Clients Say About Our Specialist Mortgage Services
Specialist Mortgage Advice To Help You Secure The Home You Deserve!
90-95% Loan to Value (LTV)
Loan to Value(LTV) options typically 90-95%
Clear and concise advice around the best options for your needs.
Helping customers cut through the noise to understand things their way.
Gross Pay Used
The Lenders average your income over the last 3 months' GROSS pay. Not the net amount from your tax calculations.
We offer competitive rates ensuring the best price for our customers
Common Reasons Why Borrowers May Require A Specialist Lender:
These days, many high street banks compete on interest rates and service levels to attract mainstream mortgage businesses. Not only are these lenders often strict with mortgage criteria and it can very massively between each lender, but they are also strict with how they define income and this can hard for self employed, company directors and contractors.
As specialist mortgage brokers, we take an alternative approach and have high street lenders who aren’t so strict on lending criteria such as complex income streams or less than 2 years trading history. This means we are able to negotiate alternative mortgages for people who may have previously struggled to get one. We are still authorised in the same way as a traditional mortgage broker and have assisted hundreds of people with securing the mortgage they deserve.
We often find that high street banks decline many self employed people and company directors as they don’t understand your income or company set up. We have high street banks who allow only 1 years trading or use the latest years income figures instead of the average of the last 2 years for example. Some will use net profits or salary and dividends.
High street lenders traditionally don’t allow contractors or CIS works to use their gross day rates and instead calculate your income using your lower taxable income. We have high street banks who will allow us to calculate your income using your gross day rates and they use your contract or CIS slips as income proof.
With many people having more than one source of income or paid via their own company, it can be challenging for lenders to offer mortgages due to the amount varying each month. However, we have high street mortgage lenders who understands that not everything is straightforward in life and is willing to understand your unique circumstances. This can be especially helpful for self employed people, company directors, contractors and CIS workers.
Need Specialist Mortgage Services? Speak To An Expert Broker Today!
Building Your Brighter Future
Jones & Young act as the bridge between you and the lenders that can help them. This saves you the time and hassle of approaching multiple lenders and work to your timeframe.
Your Trusted Team Of Experts
FAQs On Specialist Mortgage Lenders:
We’ve done our best to try and answer some of the most frequently asked questions about specialist mortgage lenders below:
The application process begins with preparation. Our mortgage advisors will have an initial consultation with you so that you can gather the relevant documents and understand how lenders will view your mortgage application. We often recommend that customers check their credit report at this time, as this is one of the first things lenders will look at.
Next, we’ll inform you of how much you can borrow, your repayments, and any additional costs. From here, we’ll then put together an application for you, and once you’ve applied, the lender will underwrite your case and instruct a surveyor to value the property. Once they are satisfied, they will provide you with a mortgage offer, enabling the solicitor or conveyancer to finalise the transaction.
No credit is just as bad as having a poor credit history. Our experts will begin by obtaining a copy of your credit report so that we can compile a list of lenders that will accept you. Whatever your credit score, there are usually lenders that will accept you, but it is important to keep in mind that interest rates will be higher. This is why it is always best to speak to a specialist mortgage broker who understands lenders’ criteria.
Whether you’re applying as a first-time buyer, moving up the property ladder or re-mortgaging, here are some easy tips that will increase your likelihood of getting approved. Begin by checking your credit score, if it is low, this will give you some time to improve it. Lenders place a high focus on unsecured debt, so if you can pay off any outstanding loans, this will increase your credit score and chances of getting approved. We’ll help you understand how much you can borrow and what it will cost; this will help prepare you for the mortgage application process, so you have the best chance of success with a high-street lender.
It can be harder to obtain a mortgage if you are self-employed, as lenders often look at past income, so they may apply stricter criteria to you as a borrower. This is why some lenders restrict the criteria if you are self-employed. They don’t increase rates or fees, so you qualify for the same rates as an employed person.
The lender determines the amount you can borrow. Most lenders base these calculations on your income and expenditure and then use a maximum income multiple. Other factors, such as credit history and employment type, can factor into their calculations. At Jones & Young, we consult with you to find you the amount of money you require at the lowest possible cost.
Various repayment strategies are available, which means we can find a solution that works for you. It’s essential to speak to someone that deals with specialist mortgages who can understand what you need from a new mortgage and find a product that works for you.
Our equity release brokers allows you to access the money tied up in your home. The money you can borrow is based on your age and the value of your home. This can be done through either a home reversion scheme or a lifetime mortgage, depending on your individual circumstances. To find out more on equity realise, view our guide on how equity realise works.
Or Get Directly In Touch