mortgage brokers coventry
spellman
financial services
Spellman Financial Services provides 5 star Mortgage & Insurance Advice to the people of Coventry & Warwickshire.
Three Simple steps
to obtaining your Mortgage
Talk to an Advisor
Get in touch to speak to Luke Spellman, Mortgage Broker and Owner. He will take some information about you and your finances.
Non-obligatory quote
We will check 10’s of thousands of Mortgages and provide you with the cheapest as a non-obligatory quote.
Ready to Apply
We will handle your Mortgage Application from start to finish and provide you with regular updates throughout the process.
Welcome to
spellman financial services
Mortgage Brokers Coventry
My name is Luke Spellman and I am the owner of Spellman Financial Services and the Adviser you will speak to if you wish to get in touch.
My aim is to take the worry and stress out of the process of obtaining a Mortgage. I pride myself on always being on hand to provide regular updates, deliver excellent customer service and jargon free Mortgage Advice.

reasons to get in touch
Service
Spellman Financial Services was created by owner and Mortgage Broker Luke Spellman to provide an excellent, personal service and local Mortgage & Protection Advice to the people of Coventry & Warwickshire.
He prides himself in always being on hand to provide regular updates, answer any questions and guide customers through the whole process.
5 Star rated
We’ve been independently rated 5 stars by more than 100 of our customers on Vouched For, Google & Facebook.
As a result Luke has been featured in the Times the last two years in a row, being awarded Vouched Fors Top Rated Financial Advisers Certificate for 2019 and 2020.
We pride ourselves in delivering great customer service and always being on hand to help.
Cost
In many cases our Mortgage advice and service will be completely free to you.
However, i’ll never turn down a challenge and do work with Specialist, hard to place cases. So in some instances, we may need to charge a fee. If this is the case, it will be made clear from the outset and will only be payable once the Mortgage has been formally approved and is in place.
Protection and Insurance Advice will always be free to you.
Expert Mortgage Adviser
I am a fully CeMap qualified and FCA Regulated Mortgage Adviser with in-depth knowledge on these Specialist Mortgage advice areas;
Adverse/Bad Credit, Contractor (including IT and CIS Workers), Self-employed, Help to buy/Shared ownership and Right to Buy.
We can provide face to face Mortgage Advice to customers in Coventry & Warwickshire and the surrounding areas. And a telephony service to the remainder of the UK.
As a specialist Mortgage Broker, we can help with
any of your Mortgage and Insurance needs
First Time Buyers
We are able to provide expert guidance and Mortgage Advice to First Time Buyers whatever their circumstances.
House Purchase
Moving home doesn’t need to be stressful. We can provide expert advice and guide you into your new home.
Remortgage
Simply the process of moving your Mortgage from one lender to another. We check existing lender products as well as new.
Buy to Let
But to Let Mortgages are assessed much more stringently these days. We have expertise in all areas of BTL Mortgage Advice. Including Portfolio Landlords, Consumer Buy to Let and Low Deposit.
Insurance
We are able to provide free Protection and Insurance Advice to you, to help protect you, your family and your home. Including Life, Critical Illness Cover, Income Protection and Home Insurance.
Frequently Asked
Mortgage Advice Questions
Frequently Asked
Service Questions
How much deposit do I need?
For First Time Buyers or those looking to purchase a new property, you will need at least a 5% deposit. Therefore, if you agree to buy a property for £200,000, this means you will need a deposit of £10,000.
For Buy to Let Mortgages, you will usually need a deposit of at least 20%.
What is Loan to Value?
Loan to Value is the percentage size of your Mortgage against the property value or purchase price.
For example; if your property is worth £200,000 and you want to put down a 10% deposit (£20,000). This would mean you would need a Mortgage of 90% (£180,000) loan to value.
What makes your Mortgage Advice different?
We check 1,000's of Mortgages to find you the cheapest possible product for your circumstances.
We help customers with ordinary cases, and those with hard to place, specialist cases. This requires an expert knowledge on all the different Lenders and Mortgage products available.
In addition, we have access to exclusive products and Lenders genuinely not available directly to the public and other Mortgage Brokers.
How much can I borrow?
This will be dependent on your Income & Outgoings. Each Lender has their own unique way of calculating how much you are able to borrow.
Frequently Asked
Service Questions
Where are you based?
We are a Mortgage Broker in Coventry and are based near the City Centre.
What documentation will I need?
It will vary dependent on the type of Advice you require. But generally you will need:
Proof of Income - such as 3 months payslips or tax calculations/Accounts if Self Employed.
Latest 3 Months Statements to show Income, outgoings and Savings if applicable.
Proof of ID such as Driving License or Passport.
How long will the process take?
A Mortgage in Principle will take less than a day to obtain for you. Once you have this, you will be able to put an offer in on a property.
Once you've had an offer accepted it's time to submit your Mortgage Application. This is where the Lender assesses you, your income and the property you want to buy and this will take around 2-3 weeks on average.
At this stage you will receive a Mortgage Offer, which is the Lenders formal confirmation they are happy to lend you the Mortgage you require.
Your Mortgage Offer will then be passed to your Solicitor who will complete your Purchase or Remortgage.
What makes your service different?
We always aim to be flexible and provide you with direct contact to your Expert Mortgage Broker, Luke Spellman. You can talk to us by phone, email or text and our standard working hours are 8am-8pm. But we also regularly make ourselves available to customers outside of these hours, including weekends.
As a small, local business, we care. We want you to tell your friends and family about us as this is how we stay in business.
This is backed up by our reviews. We have more than 100 excellent review from our customers across various different platforms.
Get in touch, for a free non-obligatory conversation about how we can help you.
Are you fully regulated & qualified?
Yes, we are a regulated and fully qualified Mortgage Brokers.
We are regulated by the Financial Conduct Authority as an appointed representative of Openwork, the UK's largest Network of Financial Advisers.
We are also fully CeMap qualified, which is the industry standard qualification for UK Mortgage Advisers.
spellman financial services
Get in touch!
If you need Expert Mortgage Advice. Please complete the below contact form and we will get in touch within one working day.
Please note
The information provided will only be used to contact you and will not be held for marketing purposes.
Address & Telephone
102 Stoney Road, Coventry, West Midlands, CV3 6HY
Telephone: 07739387944
Opening Hours
Monday-Friday: 08:00 – 20:00
Saturday: 08:00 – 14:00
Sunday: By appointment
Other times: can be arranged by appointment
Your home may be repossessed if you do not keep up repayments on your Mortgage.
More pages
Terms and Conditions
Privacy Policy
Spellman Financial Services is an Appointed Representative of Openwork Ltd, which is authorised and regulated by the Financial Conduct Authority
Spellman Financial Services is registered for Data Protection purposes through the Information Commissioners Office