Residential Mortgage

Specialist cases are the new normal

We provide access to a wide range of specialist mortgage products as a one-size fits all approach doesn’t work in today’s world.

Changes to employment trends during the pandemic were rapid and significant; the rise in self-employment and the gig economy has resulted in many hardworking people being rejected by mainstream lenders who are yet to adapt. But it doesn’t need to be this way, we can help you provide your self-employed clients with solutions designed for them.

The cost-of-living crisis will undoubtedly cause a rise in applicants with adverse credit for many years to come. If your client has adverse credit history and affordability looks like it will be an issue, speak to us. With our strong lender partnerships and range of innovative products via our comprehensive lending panel, we can often help find solutions in these circumstances.

What is a specialist mortgage?

A specialist mortgage is when the deal makes sense, but rigid, automated decision systems used by many mainstream lenders are not able to take a view, so the client falls foul of a ‘computer says no’ situation. We partner with lenders who can judge each case on its own merits and price for the risk applicable to your client, enabling us to provide tailored solutions to fit individual circumstances.

Types of mortgage covered in this division:

Residential property purchases
Residential remortgages, with or without capital raising.

WANT TO HEAR MORE?

Our dedicated teams are on hand to help answer any questions you may have.

Call us on: 01277 500 900
Or email: residential@brightstarfinancial.co.uk

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Typical client scenarios:

High-value properties
Right to buy, including flats above 10 floors, even with adverse credit
Shared ownership
Non-standard construction properties
Listed buildings
Flats above commercial premises
Overseas mortgages
High loan to value mortgages, including new build houses and flats
Capital raising remortgages to settle current debt management plans – up to 90% LTV
Fees free 90% loan to value, purchase, and remortgage
Sale at undervalue/gifted equity
First-time buyers
Self-employed with one year’s accounts/SA302
Lending into retirement
Gifted deposits
Foreign nationals (with indefinite leave to remain in the UK)
Ex-pats (with UK passports and securing on UK properties)
Contractor mortgages
Interest-only mortgages
Income stretches
Income made up of pension or benefits only
Adverse credit history (including ex-bankrupt, IVA, DMP, CCJ’s, defaults, mortgage arrears).