Mortgages with Maintenance income

Capital Fortune are a blessing…I feel like I’ve got the best rate on the market and a very personable and friendly service. Reuben, South London, SE27

Many clients tell us they find it difficult to understand why lenders may not consider their maintenance income and they want to ensure when choosing a mortgage they get it right. They may have spoken to a number of brokers without success, before making contact with us.

They arranged a re-mortgage for us…. which was unusual and certainly must have been difficult. It went through smoothly, more smoothly than any other mortgage I’ve taken out. RH, Stanmore

Clients we successfully help in similar situations, typically tell us of their annoyance at the current restrictions on obtaining a mortgage with maintenance income. They usually have a healthy deposit for a purchase or significant equity to undertake a re-mortgage. They find it difficult to understand why the vast majority of lenders will not consider their individual circumstances. They confirm the additional problems they come up against, when they want to rent out the property or want to use the property as their own home. They look to us for help, securing the mortgage on mainstream residential rates. They are uncertain where to begin and look for appropriate guidance to obtain the available deals in the market. As you would expect with an award winning company, all our finance is arranged through fully authorised, regulated mortgage lenders, whom can offer Capital Fortune, exclusive products and rates.

We are now on our second mortgage with Capital Fortune and recommend them to friends and family. EHB, London

As a comprehensive panel of lenders broker in this area, we know our lenders and lending criteria. Importantly, we appreciate the ambiguities and difficulties in this area of UK lending and work to provide an appropriate solution. We regularly assist clients with mainstream and complex finance and we are UK specialists for clients who receive maintenance income. We have been voted the Overall Adviser of the Year for the largest UK mortgage and protection network, two years in a row and have recently won a national industry award for Excellence in Treating Customers Fairly. A number of our clients watched us on BBC TV Newsnight and supported our shortlist nomination for Best Broker Prime and Best UK Mortgage Adviser at the prestigious Money Marketing Financial Services Awards and British Mortgage Awards respectively.

There are three stages to our award winning process:

1

Indicative Rate

Typically clients using the service, tell us they want to discuss their current situation and take us through any difficulties they may have. We can quickly give an indication as to the feasibility of what they are looking to do, undertake detailed research on the potential rates, confirm we can safely assist and importantly, express how we operate.

2

Approval in Principle

This stage involves completing a 45 minute Mortgage Fact Find questionnaire over the phone to fully assess needs and requirements. Once complete, we undertake research across a comprehensive panel of lenders to recommend the right mortgage. A detailed illustration is provided which we will take you through. If you are happy with the illustration we will then request documents from you to support the application. On receipt of the documents we will obtain formal approval in principle from the lender.

3

Mortgage Application

We will apply for the mortgage on your behalf, submit the necessary documentation and liaise with the lender to obtain your mortgage offer.

We still appreciate however, we are not right for everyone and typically we best assist clients

• With non-standard/non-traditional requirements;
• That are time pressed and need the most competitive and quick
  results; or
• That just need an independent guiding hand through the minefield of products to obtain them the most competitive deal and to assist them through all the complexities within the mortgage process.

We pride ourselves on delivering advice which is accurate, tailored to your situation and fully compliant with Financial Conduct Authority (FCA) guidelines and best practice.

For help and assistance, call us today on 0207 710 0400 to speak to one of our Mortgage Advisers.