Specialist Property Mortgages
Found a property that doesn’t meet standard lending criteria? Find out about specialist property mortgages and finance here.
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Specialist Property Finance For Every Scenario
One of the many benefits of using John Charcol is our direct access to specialist mortgage lenders, who are equipped to find the right deal for even the most complex of cases and unusual of properties.
We cater to a large client base, meaning we often need the flexibility to collaborate with specialist lenders to build tailor-made loans. We also identify and help to develop products to meet the ever-evolving needs and circumstances of our people.
Here, you’ll find guides on all sorts of different scenarios in which you could potentially need a specialist property mortgage.
Contents
Non-Standard Construction Mortgages
You’ll likely need a specialist property mortgage if the property you want to buy is of non-standard construction. Click here to read our guide on non-standard construction mortgages or see below for a selection of resources on specific types of non-standard construction.
Buying a Property Under Challenging Circumstances
There are many different reasons securing a mortgage on a property can be challenging. Sometimes it’s less about the property’s construction and more about the circumstances surrounding it.
Buying a Property with Issues
Some properties may have issues that have occured over time, such as subsidence, Japanese knotweed, etc, that can limit the number of lenders willing to use it as security. This means you may require a specialist mortgage, as opposed to a traditional high street one. Learn more about some of the issues that can affect properties below.
Buying a Property in a Risky Location
Some properties are considered specialist properties because of their locations. For example, a house could be perfectly normal, but be close to a mineshaft or have a public footpath running through it. Because of the additional risk this exposure can pose to a property, you may require a niche deal for a specialist lender.
Buying a Renovated or Unique Property
Besides from the materials used for construction and the location of a property, a property can be deemed specialist and face eligibility challenges simply due to the type of property it is, or improvements or renovations it has undergone since its original construction. It’s also worth noting that some properties are common, so despite not being standard, they are still accepted by most lenders.
Learn more about specific property types and whether they require specialist property mortgages, below.
Specialist Borrower Requirements
The reason you may require a specialist property mortgage may have less to do with the property itself, and more to do with your circumstances, for example your job or intention for the property.
