We’re with you every step of the way

Penny House Financial Services will help you find the most suitable mortgage for your needs and circumstances. The mortgage types we can provide include:

New mortgages for first-time buyers

Re-mortgages if you’re moving home

Mortgages for self-employed business owners and contractors (see below)

Buy-to-let mortgages for investors and landlords (see below)

Product transfers if you’re looking for a lower interest rate

Porting your mortgage to a new provider.

As a whole of market mortgage advisor, we’re not tied to any one lender. This means we have access to the entire market and can find the right provider and interest rate for your requirements.

2.0%

Your estimated repayments

Total Repayment example

Total Cost of Credit

Monthly Payments

(How much can I borrow?) Please place in your multiplier for example '4.75'

4.75

You can borrow up to:

Your home may be repossessed if you do not keep up repayments on your mortgage.

Specialist mortgage types

Two of the most complex mortgage types are buy-to-let and mortgages for self-employed people and contractors. Our expert team have years of experience in helping investors, landlords and business owners find the right mortgage deal. Here’s some more information about these mortgage types.

Buy-to-let

The buy-to-let sector is one of the most volatile areas of the mortgage market. The regulations around it tend to change regularly, which can affect lending criteria and restrict access to more lucrative deals. Read more...

In 2016, changes set out by the Prudential Regulation Authority also reduced the level of tax relief for landlords – making it more important than ever to seek advice from a reputable firm that knows how to navigate the buy-to-let mortgage market.

With so many changes taking place, it’s important to consider your options carefully before deciding which route to take. Here at Penny House, buy-to-let mortgages are one of our most sought-after services. Our qualified advisers can help you source the most suitable lending terms and return on investment available for your property or portfolio.

Important considerations for buy-to-let mortgages

Before approaching a lender, it’s important to determine why’re you’re buying or refinancing a buy-to-let property – for example, to rent it out, or because you’re planning to renovate it and sell it on. You’ll need to be specific about how the property will be used and whether your plans for it are short or long-term. Read more...

A buy-to-let mortgage is often determined by the rental income you’ll receive from tenants (the rental calculation) and how much you can contribute towards the purchase price (the deposit). Many lenders will also ask you to prove you have other personal income on top of any rental income you expect. However, these factors vary greatly between lenders.

Calculating the true cost of a buy-to-let mortgage can be quite complex, which is why it’s so important to pick the right lender and find the most suitable terms for both you and the property. The fact that buy-to-let transactions are usually a commercial decision based on investment makes this even more critical.

How Penny House can help

If you’re new to buy-to-let mortgages, don’t worry. There are lots of different options we can look at to help your secure finance on your property or portfolio. Our expert team will take the time to gain a full understanding of your circumstances, so we can find the right terms for you. Read more...

That might be the lowest interest rate, most affordable fees or a flexible rent calculation. Best of all, we’ll take care of everything with the minimum of fuss – guiding you through the process from initial contact to completion. We have access to market leading and exclusive dealsfrom being part of the Quilter Financial Planning network. So we can negotiate the right solution for your circumstances. What’s more, you’ll have the reassurance that we’ll look at your entire financial picture from multiple perspectives and can present you with options that aren’t available to many other brokers.

Please note that the Financial Conduct Authority doesn’t regulate buy to let mortgages.

Self-employed mortgages

Providers tend to view self-employed people as a higher lending risk, as they’re less likely to have a regular and stable monthly income than those who are employed. Having said that, all banks and building societies work differently. Read more...

Some lenders look at salary and dividends, whilst others consider net profit, or salary plus net profit. Others again will look at one to three years of accounts or tax returns to calculate an average income.

Whether you’re self-employed or have a job, you’ll always be expected to provide in-depth details of your outgoings and expenses as well as your overall income, so the lender can work out how much you can afford to borrow.

Whilst this might sound like hard work, the good news is that the mortgage assessment process for self-employed people has much improved in recent years. This is especially the case when your application is presented correctly by a broker. When it comes to finding a lender who’s willing to take a holistic view of your case, market access is all-important.

A wealth of experience in self-employed mortgages

At Penny House Financial Services, many of our clients are self-employed so we have a huge amount of experience in in this market. No problem is too big for us to handle and we’re committed to finding you the most suitable deal – whatever your circumstances. Read more...

We firmly believe in the importance of taking the time to understand your unique requirements, so we can find you the right solution. Over the years, we’ve forged strong relationships with market-leading lenders, which enables us to do this.

FINDING THE RIGHT MORTGAGE FOR YOU