Find the Perfect Mortgage with a Specialist Broker

 

The mortgage landscape is vast and complex, with a large number of lenders all offering their own, unique products. With this in mind, securing the right mortgage can be a daunting and time-consuming task for experienced and first time buyers. Borrowers can make use of a skilled mortgage broker to ensure that they are afforded access to the best products on the market. Given their industry experience, brokers are equipped with a large network of lenders, a deep understanding of the mortgage environment and a great deal of experience in advising their clients. Specialist brokers can provide tailored mortgage solutions to clients seeking commercial, residential or mixed-use mortgages. With this in mind, it is prudent to consult your independent mortgage broker prior to initiating your mortgage application process.

What is a Specialist Mortgage Broker?

A specialist mortgage broker focuses on providing expert guidance and advice in areas that go beyond conventional lending practices. These brokers have access to a wide range of mortgage products, often including options from niche lenders, that may be better suited to your specific needs. Whether you’re dealing with unique property types, complex income situations, or need a commercial mortgage, a specialist mortgage broker can guide you through the intricacies of the lending process.

Why Should You Work With a Specialist Mortgage Broker?

1. Tailored Advice for Unique Situations

Traditional mortgage brokers often focus on standard residential mortgages, which might not cover more complex borrowing requirements. Specialist brokers, on the other hand, have the expertise to find products that fit your individual or business needs. Whether you’re self-employed, have a complex credit history, or are interested in a commercial mortgage for your business, a specialist broker can ensure you get the right advice and the most competitive rates.

For example, if you are an entrepreneur looking to secure financing for commercial property, a commercial mortgage broker can help you access lending solutions specifically designed for businesses. They understand the nuances of commercial lending, including property valuations, loan-to-value ratios, and the specific requirements set by lenders in the commercial space. This specialized knowledge is invaluable when securing financing for property investments or business expansions.

2. Access to a Broader Range of Lenders

One of the key advantages of working with an independent mortgage broker is the access to a diverse range of lenders, including specialist lenders that may not be available through high street banks. While mainstream banks tend to offer limited products, specialist brokers have established relationships with a wide network of lenders, including those that cater to niche markets. This can be particularly beneficial if you’re struggling to find a lender willing to offer the terms you need.

Specialist brokers are adept at finding lenders who understand your unique situation, even when your requirements may fall outside the typical criteria of larger financial institutions. As a result, you may have access to more competitive rates and terms that better align with your financial goals.

3. Expertise in Complex Cases

Mortgage brokers who specialize in certain sectors or property types have an in-depth understanding of how the system works for clients in specific situations. For example, if you are seeking a commercial mortgage, the process can be quite different from securing a residential mortgage. Factors such as rental income, business cash flow, and the type of property can impact your ability to secure funding.

A commercial mortgage broker can guide you through the application process, ensuring that your financial standing is presented in the best light to potential lenders. Whether you are buying a retail space, office building, or industrial property, their knowledge of the commercial property market can increase your chances of obtaining favourable terms.

4. Personalized Service and Support

Another key benefit of working with a specialist mortgage broker is the personalized service they offer. Unlike working with larger institutions, which may treat you as just another number, a specialist broker takes the time to understand your personal or business goals. They act as your advisor, offering recommendations tailored to your situation, helping you avoid pitfalls, and ensuring that you fully understand your mortgage options.

From the initial consultation to the final approval, a specialist mortgage broker will be there to provide ongoing support and guidance. If you’re dealing with complex financial structures or need help with the paperwork, they will help you every step of the way.

When Should You Consider Working With a Specialist Mortgage Broker?

While anyone can benefit from the expertise of a specialist mortgage broker, certain situations make their guidance especially valuable. If you fall into one of these categories, it might be time to consult with a professional:

• Self-Employed Individuals: If you run your own business, obtaining a mortgage can be more challenging as lenders may look at your financial history differently. A specialist mortgage broker can help navigate these complexities.
• Commercial Property Buyers: If you’re looking to invest in or refinance commercial property, a commercial mortgage broker can help you secure financing that meets the specific needs of your business.
• Property Investors: If you’re looking to purchase multiple properties or need bridging finance for a short-term project, a specialist broker can help you find suitable products that are not offered by mainstream lenders.
• Non-Standard Applicants: If you have a poor credit history, unusual income streams, or a non-traditional property, a specialist broker can often help find lenders who are willing to take on your case.

Securing the right mortgage doesn’t have to be a stressful or confusing experience. By working with a specialist mortgage broker, you can access expert advice, find a wider range of mortgage options, and ensure that the loan you choose is perfectly suited to your needs. Whether you’re looking for a residential mortgage or a commercial mortgage for your business, a commercial mortgage broker or independent mortgage broker has the expertise and resources to help you secure the best deal available.

If you’re ready to explore your options, don’t hesitate to contact a specialist mortgage broker who can guide you through the process and help you make the right decision for your financial future.

Property Bridging Loans | Fast, Flexible Finance with Silver Oak Capital

When time-sensitive opportunities arise, property bridging loans can be the perfect solution. Whether you’re buying a new property before selling your current one, funding a renovation, or managing a short-term cash flow gap, bridging finance provides quick, flexible access to capital.

At Silver Oak Capital, we specialize in tailored bridging loan solutions that help property investors, landlords, and developers move forward without delays. With quick approvals, competitive rates, and expert guidance, we make financing seamless.

What is a Bridging Loan? How to Use a Bridging Mortgage to Buy a House?

 Introduction

When considering the purchase of a property, it is important to consider the available financing options. A bridging loan is a well-established form of financing that is often used in house purchases. While there are numerous advantages to using a bridging loan, it is vital to understand how they work and when to use them. This article will discuss bridging loans and how they can assist in the purchase of a house.

Bridging Loans Explained

How Do They Work?

A bridging loan is a short-term financial facility that allows borrowers quick access to funds to be used for a specific purpose and to be repaid at a defined event. Bridging loans are often used in real estate to assist borrowers with the purchase of a new property prior to the sale of their current property. Bridging loans are often quicker and easier to secure and allow the borrower immediate access to capital based on a future event. Bridging loans typically have their interest rolled up and last under 24 months. This means at the end of the loan term the borrower pays the full amount of the loan and any accrued interest.

When to Use a Bridging Loan:

Given the high interest rates associated with property bridging loans it is important to know when to use them. Bridging loans are most useful when a borrower requires quick access to capital for a short period of time. Bridging loans are generally used to take advantage of a time-sensitive opportunity, where longer term finance options would take too long. Another common use of bridging loans is to finance the renovation of a property prior to its sale or letting. 

Given that bridging loans often require defined repayment terms, borrowers should ensure they have a clear repayment plan in place before applying for a bridging loan. This repayment may be through the sale of a property or the securing of longer-term finance.  In cases where the repayment date is uncertain, borrowers should opt for an open bridging loan. This form of bridging loan allows the borrower flexibility on the repayment date.

Advantages of a Bridging Loan:

There are various advantages of a bridging loan, especially in the purchase of a house. Firstly, bridging loans offer borrowers a great degree of flexibility, allowing for high LTVs and shorter terms. Secondly, bridging loans can be arranged quickly to allow borrowers fast access to capital. 

Given that bridging loans have a defined exit strategy and are secured against a property, the due diligence process can be expedited. Bridging loans can offer borrowers the ability to repay loans in one lump sum amount, preventing them from having to regularly service interest payments. This may be particularly useful to borrowers with cash flow constraints.

Disadvantages of a Bridging Loan:

Prior to applying for a bridging loan, it is important to understand the potential constraints they are associated with. 

Firstly, given the short term of bridging loans, they are often associated with higher interest rates when compared with traditional mortgage bridging loans. In addition to this, they also have higher fees and structuring costs as a result of their expedited process. 

Secondly, given that the repayment of the loan often relies on the sale of a property, there are many challenges that can arise should the property not sell within the required time frame

Conclusion

In conclusion, bridging loans offer useful solutions to borrowers looking to secure short term finance. Knowing when and how to apply for a bridging loan can be confusing. Therefore, consulting a mortgage broker can assist home buyers in securing the finance that is best for them.

Commercial Mortgage Broker For Bridging Loans

 

The bridging loan market has become increasingly competitive over the past 5 years. There have been many entrants into this market and this has driven lending rates to an all time low. Bridging loans UK is one of the most advanced pending markets in the world with over 100 different lenders focusing on a wide range of asset types. Bridging can be used for various purposes, such as purchasing, selling or releasing equity. As one of the UKs biggest commercial mortgage brokers SIlver Oak Capital has access to over all of the biggest bridging lenders in the market. We also arrange bridging loans outside the UK in countries like France, Spain, Italy, Switzerland, Portugal and Germany. The bridging loan London market is dominated but a select few large debt funds backed by institutional money which mean they look to lend in large volumes due to their high annual targets.

Bridging finance was traditionally taken to help with purchasing a new residential property - where one needed the money sooner to complete on the new purchase whilst waiting for the old property to sell. It has evolved into being used for many different purposes including raising cash on a property to refurbish or redevelop. It has been used on new development projects following completion of construction to refinance any current debt and allow more time to sell any units. It is important to distinguish between regulated and unregulated bridging loans. A regulated bridging loan is finance that is secured on your place of primary residence, or home. Most other bridging loans are classified as unregulated. As we have funded short term finance on various other assets such as art, classic cars, jewelry, yachts and aircraft. 

The application process for bridging loans is usually less onerous than regular mortgages as there is no need for an affordability assessment. There is more of an emphasis on the background story, and value of the asset and the exit strategy. There are also many other sources of short term finance such as private equity funds, family offices and high net worth  individuals. Silver Oak Capital has an excellent family office network with access to numerous HNWI’s with large amounts of cash to disperse. It is therefore even more important to make use of a reputable commercial bridging broker who knows the market as there are many shady and untrustworthy characters out there who will try and take advantage of a naive property owner. 

As regular mortgages have become more bogged down in regulation and red tape, high street banks have also been stuck in the past being unable to reform and adapt to a changing environment where people want things done quickly and efficiently. Following an initial assessment of your property and circumstances, we will then approach a select few lenders to obtain indicative lending terms which will be in line with your lending request. You will then be able to make an informed decision based on the overall fees and conditions of the loan before beginning the formal application process which take roughly 6 weeks.