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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 detailed information about you and your finances.

Non-obligatory quote

We will check 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


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 listed in the Times, after being awarded one of Vouched Fors Top Rated UK Mortgage Advisers for 2019 and 2020.

We pride ourselves in delivering great customer service and always being on hand to help.


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 Advice

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.

Rav Review on Trustpilot

“Luke has been brilliant throughout the house buying process.

In fact, if he hadn’t made the whole process so straight forward with his clear and considered advice, I might not have bought the house that I am now living in.

Luke took the stress out of the whole process and never ceased answering the multitude of questions and queries I threw his way. He was polite, thorough and a true professional throughout.

I would recommend him to anyone starting out on a house buying journey. I would definitely use his services again and would recommend him to everyone else.”

Trustpilot 5 stars

Anne Review on Vouched

We found Luke ‘on the internet’ and couldn’t have been more delighted with the service he provided for us to help buy our home. Luke provided advice and guidance on a mortgage and life insurance and basically did everything for us during our house purchase.

Have you seen the outcome you were hoping for?

Yes, absolutely. Though we had one house fall through, and our purchase took a longer time than we wanted due to the chain we were in, Luke was with us every step of the way. There was literally nothing that was too much trouble, he kept us up to date, came back to us immediately with all and any questions we asked, and went out of his way to offer truly excellent customer service.

What could they have done better?

Nothing at all – Luke was a star from the beginning right through to the day we moved in. Can’t praise him enough and we highly recommend his services. He’s a nice chap too!

Vouched For 5 star review

Ady Review on Facebook

“I’ve been using Luke for my small portfolio for a few years now primarily for mortgages, not only does he find the best rates and plans to suit me he’s also extremely diligent and professional, offering advice across the spectrum.

Luke is also very quick to respond to questions often within a few hours or less, as a busy professional this is something I really appreciate. I’ve recommended Luke to several of my colleagues who now use his services and are equally impressed.

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Will Review on Google

“From start to finish the whole mortgage process ran smoothly, Nothing was ever too much to ask and Luke was always at hand when we ever needed any technical advice.

Thank you Luke for all of your help! Highly recommend using if you need mortgage advice.

Google Reviews

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.


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.


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.

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 always need at least:

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 usually 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 3-4 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 Mortgage Broker, Luke Spellman. You can talk to us by phone, email or text and can be available between 8am-6pm weekdays.

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.

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 professional Mortgage Advice, please click the button below.

Address & Telephone

102 Stoney Road, Coventry, West Midlands, CV3 6HY
Telephone: 07739387944

Opening Hours

Monday-Friday: 08:00 - 18:00
Saturday: 08:00 - 14:00
Sunday and other times: By appointment

Google Reviews


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