You wish to refer your client to Brightstar to manage the advice process through to case completion, but still earn a proc fee. Note: We will never cross sell to your client.
Giving you access to a huge range of specialist mortgage solutions.
Straightforward mortgage applications are becoming increasingly rare, which is why we are seeing rapid growth within the specialist residential lending industry. We know that many people do not fit mainstream lending criteria for a variety of reasons and our objective is to meet the needs of your clients through our strong lender partnerships and a range of innovative products, via our comprehensive lending panel.
It can be more timely to search a market you’re not familiar with to ensure you’re getting the best deal for your client. We understand our market and the lenders criteria intimately, so we can take the time burden off your hands. Additionally, we have access to lenders that you may not be able to deal directly with, as well as some of the sectors leading exclusives, including our very own products under our Private Label brand.
What is a specialist mortgage?
A specialist mortgage is when the deal makes sense but rigid automated decision systems used by many mainstream lenders are not able to take a view, so the client falls foul of a ‘computer says no’ situation. We partner with lenders who are able to judge each case on its own merits and price for the risk applicable to your client, enabling us to provide tailored solutions to fit individual circumstances.
Types of mortgage covered in this division:
Residential property purchases.
Residential re-mortgages, with or without capital raising.
Typical client scenarios:
Right to buy, including flats above 10 floors, even with adverse credit.
Help to buy.
Non-standard construction properties.
Flats above commercial premises.
High loan to value mortgages, including new build houses and flats.
Capital raising re-mortgages to settle current debt management plans – up to 90% LTV.
Fees free 90% LTV, purchase and re-mortgage.
Sale at undervalue/gifted equity.
Self-employed with one year’s accounts/SA302.
Lending into retirement.
Foreign nationals and ex-pats.
Income made up of pension or benefits only.
Adverse credit history.
Up to 95% LTV.
Fixed and variable rates.
Products with no fees, no ERCs and cashback deals.
“Gina did a fantastic job to secure the mortgage for this client. Her professionalism was only enhanced by the fantastic after sales care of Hayley and Nicola. Nicola went above and beyond to chase up solicitors and the lender to make sure the mortgage completed. This was made even harder by the clients using a reactive solicitor who didn’t communicate with anyone or seem to care about the purchase or the client. Nicola is a credit to the Brightstar team. Well done Brightstar.”