High street mortgage lenders and beyond. There’s more  mortgage lenders than you may think 

There are more than 100 mortgage lenders in the UK, with the sheer amount of options is a testament to how diverse and inclusive mortgages are. Your ability to get a mortgage is not limited to just traditional high street banks. Rest assured just because they may not be advertising on the TV and do not have a high street presence this should not deter you from using them. Depending upon your financial circumstances sometimes these lesser-known mortgage providers may be better equipped to support and provide you with a mortgage without adding further complexity to the mortgage process.

Traditional mortgage lenders or high street mortgage lenders

Most mortgage providers are traditional lenders such as banks and building societies. Some of the more well-known include Barclays, Halifax, Lloyds, Nationwide and Santander. 

Providing you have a good credit score and your financial circumstance is considered average or above in general these could be the best option. Typically for residential mortgages they may superficially have the most competitive rates available. In general, these mortgage lenders cater to a broader range of “typical” borrowers with standardised lending criteria.

Specialist mortgage lenders

Specialist mortgage lenders, on the other hand, offer bespoke solutions to borrowers with more unique circumstances. Many of these specialist mortgage lenders would pride themselves on taking a personable look at the customer's circumstances. Therefore they may have less dependency on a customer’s credit score but rather review the customers financial history before making a mortgage decision. This approach to mortgage underwriting is often more favourable to customers with bad credit, adverse credit such as a bankruptcy CCJ or default. Moreover increasing numbers of people may have more than one income or their income is primarily based upon commission or it could be fluctuating but consistent income i.e. self-employed individuals.

Visit our list of mortgage providers