mortgage broker coventry

Mortgages

Spellman Financial Services is a Mortgage Brokers in Coventry providing whole of market Mortgage advice to the people of Coventry & Warwickshire.

mortgages

First time buyers

Mortgage Broker Coventry

It can be a daunting experience buying your first home, but we can guide you through the whole process by providing simple, jargon free advice.

We’re not just here to find you the cheapest Mortgage. We’ll be a friendly voice you can turn to when you’re unsure of anything, and we’ll be on your side the whole way.

We also have expert knowledge on these specialist Mortgage Advice areas:

Adverse/Bad Credit, Contractor including CIS and IT, Self-employed, Help to buy/Shared ownership and Right to Buy Mortgages.

house purchase

Mortgage Broker Coventry

Home movers often find moving home more stressful than the first time round.

This is usually down to the stress of “the chain”. Having to sell as well as buy and being so reliant on others not having a change of heart.

An independent Mortgage Adviser guiding you through the whole process can certainly help reduce stress. We’re here to simplify the process and take some of the workload.

We have a wealth of experience and pride ourselves in delivering excellent customer service. 

house purchase

Mortgage Broker Coventry

Home movers often find moving home more stressful than the first time round.

This is usually down to the stress of “the chain”. Having to sell as well as buy and being so reliant on others not having a change of heart.

An independent Mortgage Adviser guiding you through the whole process can certainly help reduce stress. We’re here to simplify the process and take some of the workload.

We have a wealth of experience and pride ourselves in delivering excellent customer service. 

Remortgage

Whole of market Mortgage advisor

A Remortgage is the simple process of moving your Mortgage from one Lender to another. 

When you come to us to Remortgage. We will check your existing Mortgage Lenders products as well as thousands of other products with other Lenders.

You can raise additional funds if you want to. Or just move your Mortgage to a cheaper deal to save money. 

Better still, Mortgage Lenders will usually provide you with a Conveyancer, a free valuation and in some instances, Cashback. Meaning it often doesn’t cost a penny to Remortgage. 

 

buy to let

Independent Mortgage Advisers

But to Let Mortgages are assessed much more stringently these days. Recent changes to regulations require Mortgage Lenders to show a greater duty of care toward borrowers.

Whether you’re a First Time Landlord or a seasoned Portfolio Landlord. We have the expertise and specialist knowledge to maximise your borrowing and make the process as simple as possible.

Specialist Buy to Let Mortgage advice areas include: HMO, Portfolio Landlord, Limited Companies, Low Deposits, Low/No Income and First Time Buyer/Landlord cases.

buy to let

Independent Mortgage Advisers

But to Let Mortgages are assessed much more stringently these days. Recent changes to regulations require Mortgage Lenders to show a greater duty of care toward borrowers.

Whether you’re a First Time Landlord or a seasoned Portfolio Landlord. We have the expertise and specialist knowledge to maximise your borrowing and make the process as simple as possible.

Specialist Buy to Let Mortgage advice areas include: HMO, Portfolio Landlord, Limited Companies, Low Deposits, Low/No Income and First Time Buyer/Landlord cases.

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.

We can provide a face to face, telephony or digital service to the people of Coventry, Warwickshire & the surrounding areas.

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.

Three Simple steps

to obtaining your Mortgage

k

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.

reasons to get in touch

Service

Luke has more than 10 years’ experience in customer facing and customer focused roles within the Financial Services industry. including more than 5 years in Mortgages.

He prides himself in delivering excellent customer service, whilst guiding his customers through the whole process, always being on hand to provide regular updates and answer questions.

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

Protection and Insurance Advice will always be free.
And in many cases our Mortgage Advice will be completely free to you.

However, I never turn down a challenge and do work with Specialist, hard to place cases and in these instances 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 approved.

Expert Mortgage Advice

I am a fully CeMap qualified and FCA Regulated Mortgage Advisor with in-depth knowledge on these Specialist Mortgage advice areas;

Adverse/Bad Credit, Contractor (including IT and CIS), Self-employed, Help to buy/Shared ownership and Right to Buy.

Buy to Let; Portfolio, First Time Buyers/Landlords, Low Deposit, Limited Company and Low to No
Income.

mortgage broker coventry
Get in touch!

If you need Expert Mortgage Advisers in Coventry or Warwickshire. 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

14 Arundel Road, Coventry, West Midlands, CV3 5JU
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

Google Reviews

Your home may be repossessed if you do not keep up repayments on your Mortgage.

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