Private Mortgages &
Alternative Lending

Big banks and mainstream financial institutions might turn you away based on your past records, insufficient income, or property-related issues. However, private mortgages or alternative mortgages provided by individuals or private groups offer a viable option.

 

Private mortgages, being perceived as high-risk by creditors, often come with higher interest rates compared to bank loans. The payment terms are typically shorter, ranging from 6 to 12 months, though extensions may be possible with a valid reason. The approval process is usually swift, often on the same day, and funding can occur within the same week. Even with potential delays, the entire process is designed to conclude within two weeks.

 

It's essential to note that private mortgage lenders often prefer to limit their investments to specific areas of interest. Therefore, gaining access to a private mortgage typically involves working with a mortgage broker who has established connections with these lenders. A mortgage broker can help navigate the complexities of private mortgage financing, connecting you with lenders willing to look beyond past financial challenges.