The home of straight talking mortgage advice
Our mortgage experts deal with lenders from the whole of the market, including direct access to specialised mortgage providers who offer solutions for quirky situations and poor credit histories.
First time buyer
Step onto the property ladder with our expert help.
Switch your mortgage to suit your changing needs.
Secure your home with stress-free mortgage advice.
Buy to Let
Start out in the rental market or expand your portfolio.
Bad Credit Mortgages
There's a common misconception that mortgage companies will never lend to those with a poor credit history. It's not true.
Complex Income Mortgages
Many people are embracing a more flexible way of working by becoming sole traders, setting up limited companies and even contracting and freelancing.
A Specialist mortgage is quite a broad term that can contain a lot of different categories. Which is why we have specialist brokers to deal with a massive range of circumstances.
3 simple steps
to securing your mortgage with CLS Money
Complete our quick and easy form to see the available mortgage products that suit you
We will handle all the necessary paperwork and manage your entire mortgage application
Start enjoying the benefits of your new mortgage
Why Choose CLS Money?
Turn that ‘No’ into a ‘Yes’
As specialised mortgage advisors we have exclusive access to lenders and underwriters meaning we have more chance of getting you approved when previously you have been told its not possible
With you from start to finish
We provide a helping hand from initial contact through to the day your mortgage completes. Our moto is ‘Straight Talking Mortgages’ and that’s why we liaise with all third parties on your behalf and make sure you understand everything along the way
Service, Service, Service
Our large team of specialist mortgage advisors and case handlers work together relentlessly to provide all of our customers with an exceptional, stress-free and award winning service
Meet the teamMore about us
Why over 2,000 customers consistently rate us "Excellent"
Getting a mortgage FAQs
Still have a question?
Our friendly advisors are always happy to help with your mortgage enquiries, so call us for a no-obligation chat.
We can even provide you with the advice you need to secure an Agreement in Principle, so you can move one step closer to securing your dream home.Find out more
What is a mortgage?
A mortgage is a loan from a bank or building society that enables you to purchase property. The loan is repaid with interest over a number of years, with the term for doing this dependent on your personal financial circumstances.
A mortgage can be held by an individual or jointly between one or more people, but if you do not keep up your repayments, your home could be repossessed by the lender.
Will I be accepted for a mortgage?
All mortgage lenders have their own criteria. The following factors all play a part in determining their mortgage offer and how much they are willing to lend to you:
- Amount you wish to borrow
- Size of your deposit
- Employment status and income
- Credit rating
- Existing debt
- Your age
- Length of the mortgage term
- Your credit status
- If you are applying solely or jointly
In order to be accepted, you need to convince lenders that you are able to repay your mortgage. To do this, lenders typically use your credit report to check your repayment history. Your credit file will contain current and existing records on items such as credit cards, loans, overdrafts, mortgages, mobile phone/s, some utilities payments and all accounts opened in the past six years. If you have had arrears, defaults, CCJs, debt management plans or previously been made bankrupt, there are mortgage options available which we can help you with.
How does the mortgage application process work?
To get a mortgage, you will need to save a deposit of at least 5%. However, the more you can save, the better your rate will usually be. If you already own your own home, you can use the equity in your property for this. Our expert mortgage advisors can talk you through the benefits and the difference in your monthly payments by increasing your deposit.
Once you have found the property you want to buy, our mortgage advisors will assess your personal needs and circumstances and recommend a mortgage product that is right for you. They will compare hundreds of mortgage quotes, including a number of exclusive products that cannot be found on the high street or comparison sites, and ensure that you get the right deal at a great price.
If you are happy with the mortgage product your advisor recommends, you will pay an upfront fee to receive your Agreement in Principle (AIP). This will give you an approximate sum of how much the lender is willing to let you borrow, and enable you to put an offer in on your dream home.
If your offer is accepted, you will need to appoint a solicitor to handle searches, surveys and contracts, which we can arrange for you. We handle the entire mortgage application process through to completion, liaising with your solicitor and lender to ensure that your application is a success.
If you are looking to remortgage, then we recommend looking for a new mortgage deal around 3 months before your current deal expires. Starting early will give you plenty of time to compare all the available mortgage products and submit your application. If your mortgage is approved early there's no need to panic, as we will ensure that the completion date corresponds with your current deal's end date.
How much can I afford to borrow?
Most mortgage lenders will lend you up to five times your salary. However, this is dependent on a number of factors including your age, number of dependants and current financial commitments. Lenders generally work out how much they will lend you based on what you can realistically afford each month after you have paid your bills, credit cards, loans etc.
Our mortgage advisors can help you understand how much you can realistically borrow before an application or credit search is completed, by assessing your individual needs and circumstances. If you choose to proceed with an application, then our advisors will know which mortgage lenders to approach to ensure you get the required loan amount.
How much deposit will I need?
To buy a home with a mortgage, you will need to save a deposit of at least 5%. The more you can save, the better your mortgage rate will be. There are a few exceptions to this however as follows:
- If you already own a home, you can use the equity from your property for the deposit
- If you are a council tenant and are looking to buy your current home under the Right to Buy scheme, most mortgage lenders will now accept your Right to Buy discount as a deposit.
With property prices increasing, first time buyers are struggling to save enough money to buy a home. The government has therefore introduced 'Help to Buy' to enable first time buyers to get on the property ladder.
Our professional mortgage advisors are experts on all the various mortgage deals available and can help you decide which mortgage deal best fits your needs.
How much does a mortgage cost?
The amount you pay each month is dependent on the total cost of your property and the type of mortgage you have. The costs you may need to pay vary but typically include:
Interest: Accrues across the lifetime of the mortgage and is charged as a percentage rate on the amount you owe.
Mortgage fees: A product fee which is charged for taking out the mortgage.
Application fees: Charged on application, regardless of whether you take out the mortgage.
Valuation fees: Can be charged by lenders for calculating how much your home is worth.
Higher lending charges: Can be applied to mortgages that have a small deposit.
**Telegraphic transfer fees: **Charged by the bank for arranging to transfer the money they are lending you (usually to your solicitor).
**Broker fees: **Often charged if you use a broker to arrange your mortgage.
**Early repayment charges: **Can be charged if you repay your mortgage before the end of the agreed term.
**Exit fees: **Lenders can charge these if you move to a new lender.
**Missed payments: **These can be charged by your lender if you fail to keep up your repayments, which can increase the total amount you owe.
Can I get a mortgage with bad credit?
If you have a history of bad credit including; arrears, defaults, county court judgements (CCJs), debt management plans or bankruptcy, there are still mortgage options available. Your choice of mortgage lender and type of mortgage will however be limited, and the rate of interest will be higher than someone who has a good credit rating. Our expert mortgage advisors are in regular contact with adverse mortgage lenders and are well placed to advise you on all your available options.
How long does it take to get a mortgage?
Getting a mortgage application approved is dependant on you, your mortgage advisor, solicitor and lender. At CLS, we handle the entire process for you through to completion, communicating with your solicitor and lender to remove the stress and hassle from you and ensure that your application is a success. Having all the relevant mortgage documentation to hand ready for your mortgage advisor, will also help speed up the process.
How can i improve my poor credit rating?
To improve your bad credit rating, there are a few things you can do to possibly increase your chances of being approved for a bad credit mortgage:
- Check that you are on the electoral roll
- Always pay your bills on time and in full
- Close any credit accounts you have for stores or catalogues and no longer use
- Consider applying for a credit builder credit card, to help show lenders that you can manage money responsibly
- Guarantor loans can also improve your credit score, if you keep on top of your repayments
- Regularly check your credit report to make sure that all the information is correct. If any of the details are incorrect, contact the relevant lender and ask for these to be amended.
Making these changes should help improve your credit score, but it will not happen overnight, especially if you have a history of bad credit or have missed multiple payments.
- Instantly message the team and keep up to date with your application
- Upload and share documents for quicker decisions
- Verify yourself faster with advanced biometrics for proving your identity
- Sign documents immediately on your smartphone
News and views
Looking to move home or remortgage? Read our latest news posts from our mortgage advisors, they are packed full of handy tips to help you get on the property ladder and save on your mortgage.
Did we mention we are award winners?
Award winning service from our award winning team!More About Us
We are growing a forest
Planting a tree with every mortgage