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Act Fast to Secure Your Mortgage Rate

The process of buying a home or arranging a remortgage can feel stressful enough, but it’s being made more challenging by recent data that reveals the average shelf-life of a mortgage product has dropped from 28 days down to just 15 days1, making it more important than ever to act…

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We’re committed to ensuring that you have access to the information you need to make informed decisions. If you can’t find what you’re looking for here, head over to our FAQ’s section.

What can a 2nd Charge mortgage be used for?

A 2nd Charge mortgage can be used for various purposes, including funding home improvements, consolidating debts, making large purchases, investing in a business, property investments, covering emergency expenses, and more.
Why would I take a 2nd Charge mortgage?

Taking out a 2nd Charge mortgage can be a strategic financial decision for several reasons. It allows homeowners to tap into the equity they've built in their property, which can be used for various purposes such as home renovations, debt consolidation, funding a large purchase, or even investing in other ventures. 2nd Charge mortgages can be particularly useful when the homeowner wants to avoid remortgaging their existing first charge mortgage, which may come with more favourable terms or early repayment charges. Additionally, for individuals who may not qualify for unsecured loans due to their credit history, a second charge mortgage provides a secured borrowing option. Our experienced brokers can assess your unique situation and provide guidance on whether a second charge mortgage is a suitable financial solution for your needs.
What if I am on maternity/parental leave?

Maternity or parental leave can be a consideration in your mortgage application. The right lenders will assess your return-to-work income. We understand how to effectively communicate your temporary leave and planned return to employment. Our expertise ensures lenders consider your full financial picture, including your pre & post-leave income. We're here to support you in securing a mortgage that aligns with this significant life stage so you can focus on parenthood.
I do not have indefinite leave to remain in the UK, can I get a mortgage?

Having limited leave to remain in the UK does not exclude you from obtaining a mortgage. Lenders will consider the length of your remaining leave, the time you have been in the UK, your employment status, and your credit history. We have significant experience in finding mortgage solutions for individuals in this situation, highlighting the stability of your residence and employment in the UK. Our goal is to find a lender who recognizes your potential as a homeowner, regardless of your residency status.
What if I am on my probationary period?

Being on a probationary period does not have to add complexity to your mortgage application, it is generally not a deal-breaker. Lenders will consider the length of your probation, your job security, and the likelihood of continued employment. Our team specialises in advocating for clients in this situation, highlighting your career stability and future prospects. We'll connect you with lenders who are open to considering your application, even during your probationary period.
What if I have only just started my job?

Starting a new job doesn't have to hinder your mortgage prospects. Lenders consider job stability, salary, and contract terms, in some instances accepting proof of a permanent contract or a job offer letter. Our team know how to present your new employment positively, emphasising the potential and stability of your new role. Our approach involves finding lenders who appreciate your career progression and offering mortgage solutions that support your homeownership goals and align with your new career trajectory.
Can I use benefit income if I am a first time buyer?

Benefit income can be a key part of your mortgage application. Lenders assess its stability and longevity, and each has their own criteria for inclusion. At OpenDoor Mortgages, we specialise in integrating benefits into your financial profile, demonstrating their regularity and reliability. Our role is to expertly navigate through lender criteria, ensuring your benefit income is properly valued in your application, contributing to a stable financial base. We aim to secure mortgage solutions that recognize and accommodate your benefit income, making homeownership more accessible.
What if I have previously missed payments on credit?

Missed payments don't automatically disqualify you from a mortgage. Lenders will consider the context and frequency of these incidents. At OpenDoor Mortgages, we assist in framing your financial history positively, focusing on improvements and current financial stability. Our expertise is in finding lenders who appreciate your overall financial picture, ensuring past issues don't hinder your mortgage aspirations. Our aim is to build a robust case that highlights your financial recovery, securing a mortgage that reflects your true financial standing and commitment to responsible borrowing.

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Act Fast to Secure Your Mortgage Rate

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Can't find what you're looking for?

What can a 2nd Charge mortgage be used for?

Why would I take a 2nd Charge mortgage?

What if I am on maternity/parental leave?

I do not have indefinite leave to remain in the UK, can I get a mortgage?

What if I am on my probationary period?

What if I have only just started my job?

Can I use benefit income if I am a first time buyer?

What if I have previously missed payments on credit?

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