Navigate Complex Mortgage Landscape with Our Expertise in Specialist Mortgages
In the diverse world of property finance, we recognise the need for more bespoke, non-traditional mortgage solutions. Our specialist mortgages are designed to cater to unique circumstances, be it self-employment, adverse credit history, or purchasing non-standard property types.
We take pride in our ability to provide tailored, robust mortgage options that can be difficult to secure on the high street, helping you turn what might seem impossible into a reality.
Our team of experienced mortgage advisors are well-versed in navigating the complexities of specialist mortgage markets. We leverage our strong relationships with a broad network of lenders, including those specialising in niche sectors, to provide you with a mortgage that fits your circumstances.
Adverse Credit
If you are an individual with adverse credit looking to obtain a mortgage, we can help. Adverse credit refers to a history of missed payments or defaults on loans or credit cards, as well as more serious issues such as bankruptcy.
While having adverse credit can make it more difficult to obtain a mortgage, it’s important to know that there are still options available to you.
Our team of experienced mortgage advisers specialise in working with individuals with adverse credit and can provide you with personalised advice and solutions that are tailored to your specific needs. We believe that having adverse credit shouldn’t prevent you from achieving your dream of homeownership. We can help you understand your credit report and provide guidance on how to improve your credit score over time.
We have access to a wide range of lenders, including those who specialise in adverse credit mortgages, and can help you find a mortgage that is tailored to your unique financial situation and credit history.
Second charge Mortgages
A second charge mortgage allows a person to borrow money on a property which already has an existing mortgage on it. This existing mortgage is called a first charge. The second mortgage is separate from the first mortgage because it’s a completely different product with a new mortgage lender. The rate, period and overall mortgage term may be different.
You need your existing lender’s permission in order to secure a second charge on your property.
Second charge lending is arranged by introduction only.
Here are some reasons why you might consider getting a second charge mortgage:
It’s important to remember that taking out a second charge mortgage means you’ll have two loans secured against your property, which can increase your overall debt and monthly payments. You should carefully consider whether you can afford the additional payments before taking out a second mortgage.
Bridge Finance
Bridge finance is a type of short-term loan that is typically used to bridge the gap between the purchase of a new property and the sale of an existing property. This type of financing is often used by homeowners who need to buy a new property before they have sold their existing property.
There are several reasons why someone might need bridge finance. For example, if you have found your dream home but have not yet sold your existing property, bridge finance can help you to bridge the gap between the two transactions. Alternatively, if you are renovating a property and need short-term financing to cover the cost of the renovations, bridge finance can be an effective solution.
Bridge finance can also be useful for property developers who need short-term financing to purchase and renovate properties before selling them on for a profit. In these cases, bridge finance can help developers to secure the funding they need to move quickly on a property, which can be essential in a competitive property market.
Overall, bridge finance can be a useful tool for homeowners and property developers who need short-term financing to bridge the gap between property transactions. If you are interested in bridge finance, Madison Finance can help you to explore your options and find the right solution for your needs.
Bridge finance is arranged by introduction only.
Let to buy
Are you looking to purchase a new home while retaining your current property as a rental investment? If so, a Let to Buy mortgage may be the perfect solution for you.
A Let to Buy mortgage allows you to borrow money for a new home purchase while simultaneously renting out your existing property. Essentially, you use the rental income from your current property to cover the mortgage payments, while the new mortgage is secured against the new property.
This option is especially beneficial for those who need to move but cannot afford to sell their existing property or those who want to expand their property portfolio. It also provides the opportunity to generate rental income.
At Madison Finance, we offer a range of Let to Buy mortgage products tailored to suit your individual needs. Our team of experienced mortgage advisers will work with you to determine the best mortgage solution.
