For many years, AFP Mortgages has been a specialist in helping clients attain high value mortgages, often where there is a history of complex income structures or other out-of-the-ordinary factors in respect of traditional lending criteria.
We work with all lenders – high street banks, private banks, challenger banks and assorted specialist lenders - and we have spent many years building such valued relationships. As a result, those well-established bonds often result in some leverage for my loan applications.
Furthermore, we are privileged to be on key lenders’ ‘exclusive panels’ which occasionally allow access to mortgage products at discounted rates of interest, designed especially for lenders to meet their lending targets.
An achievement that we are quite proud of is our contribution to a 10yrs+ general campaign for the entitlement of older borrowers to mortgage borrowing. It involved many meetings and discussions with lenders, journalists, regulatory bodies and even articles written, in order to drive home this empowerment and right. Now, lenders have ‘seen the light’ and a growing number is active in and lending to this particular market: more lenders will join the party, over time.
In the words of Bob Dylan, “The Times They Are A Changin” and here are two examples of such lending in that arena:
- A recent £1m residential re-mortgage for a client who is 80yrs of age – he could afford the monthly interest-only payments and the mortgage interest rate / fees were significantly lower than the alternative option i.e. equity-release.
- We were delighted to help a couple, 85yrs and 82yrs young, achieve a £300k re-mortgage on a 5yrs fixed rate at 3.3%. They had no existing mortgage encumbrance but wanted to ‘gift’ £150k to each of their grandchildren.
A significant amount of our business is introduced to us by professional firms that hold fast to the basic principles:
- Honesty with advice
- Strict confidentiality
- Transparency regarding fees (more often than not, we don’t charge one)
- Effective use of our client’s time and of our own time
What we do...
First time buyer mortgages
House move or re-mortgage
buy to let mortgages
Experience & Qualifications
All mortgage and insurance advisers are appropriately qualified; authorised and regulated by the Financial Conduct Authority.