List of mortgage companies in the UK
By
HuutiMoney
In this brief guide, we are going to provide a list of mortgage companies who serve in the UK.
List of mortgage companies in the UK
A
AA Mortgages
Ahli United Bank
Al Rayan Bank
Aldermore
Atom Bank
Axis Bank
B
Bank of China
Bank of Ireland
Barclays
Bath Building Society
Beverly Building Society
Bluestone
BM Solutions
Brown Shipley Private Bank
Buckinghamshire Building Society
BuildLoan
C
Cambridge Building Society
Chorley BS
Clydesdale
Co-operative Financial Services
Coutts & Co
Coventry Building Society
Credit Suisse
D
Danske Bank
Darlington Building Society
Dashly
Digital Mortgages
Dudley Building Society
E
Earl Shilton Building Society
F
Family Building Society
First Direct
First Trust Bank
Fleet Mortgages
Foundation Home Loans
Furness
G
H
Habito
Halifax
Handelsbanken
Hanley Economic Building Society
Harpenden Building Society
Harrods Bank
Hinckley & Rugby Building Society
Holmesdale Building Society
HSBC
I
InterBay Commercial
Investec Specialist Bank
Ipswich Building Society
K
Kent Reliance
Keystone Property Finance
L
L&C
Landbay
Leeds Building Society
Leek United Building Society
Lloyds
M
M&S Bank
Magellan
Mansfield Building Society
Market Harborough Building Society
Marsden Building Society
Masthaven Bank
Melton Mowbray Building Society
Metro Bank
Mojo Mortgages
Monmouthshire Building Society
Mortgage Trust
N
Nationwide Building Society
NatWest
NatWest International
New Street Mortgages
Newbury Building Society
Newcastle Building Society
O
OneSavings Bank
P
Paragon Mortgages
Penrith Building Society
Pepper Homeloans
Platform Home Loans
Post Office
Principality
Progressive Building Society
Proportunity
R
RateSwitch
Royal Bank of Scotland
S
Saffron Building Society
Sainsbury’s Bank
Santander
Scottish Building Society
Scottish Widows Bank
Secure Trust Bank
Shawbrook Bank
Skipton Building society
Skipton International
Stafford Railway Building Society
State Bank of India
Swansea Building Society
T
Tesco Bank
The Co-operative Bank
The Cumberland
The Mortgage Lender
The Mortgage Works
Tipton & Coseley Building Society
Together Money
Trussle
TSB
U
UBS Private Bank
Ulster Bank
V
Vernon Building Society
Vida Homeloans
Virgin Money
W
West Bromwich Building Society
Y
Yorkshire Bank
Yorkshire Building Society
List of mortgage companies who don’t use mortgage brokers
First Direct
Lloyds Bank
RBS
The Co-operative Bank
Yorkshire Bank
Yorkshire Building Society
Use a Government scheme
Government schemes help you reduce the amount of mortgage deposit you may need to put down, reduce the price of the property or create a structure that increases your mortgage affordability much sooner than it would have been.
Some of these include first-time buyer government schemes whilst others in this list are accessible to you even if you are not a first-time buyer.
Government schemes are not available to you if you are getting a buy to let mortgage.
The Government schemes include:
- Lifetime ISA– gives you a government bonus of £1,000 if you save a maximum £4,000 a year.
- Help to buy ISA– gives a maximum bonus us £3,000 if you save the maximum allowed of £12,000. Before you get either you should consider which is better. Lifetime ISA vs Help to buy ISA.
- Help to buy equity loan– gives you up to 40% as a 5-year interest-free equity loan. You begin to pay interest at 1.75 % after the fifth year and 1% plus RPI for every year thereafter.
- Shared ownership– You can buy between 25% to 75% of the property initially with a shared ownership mortgage and then buy more using a staircasing mortgage.
- Armed forces help to buy– similar to the help to buy equity loan but specific for the armed forces personnel giving them an increased chance of acceptance.
- Rent to buy– This is the right to buy scheme on which this guide is currently discussing. A different marketing name is just used. Watch out for this when shopping to avoid missing out on eligible properties due to confusion.
- Right to buy– allows you to buy your home at a discount price.
- Preserved right to buy– same as above.
- Right to acquire– similar to the above.
Depending on where you live, you may also be able to take advantage of home buying schemes provided by your local council. Example: In Norwich, the local councils provide the Norwich home options scheme.
Use a mortgage broker for your mortgage in principle
You may want to use an independent mortgage broker to help you get a mortgage on your new home.
Mortgage brokers are important as they can access mortgage products from across the whole of the market in some cases.
This could be over 11,000 mortgage products. This may have some advantages rather than going directly to a mortgage lender.
A mortgage broker will look to understand your financial circumstances and then provide recommendations on which mortgage products may be suitable for you based on your mortgage affordability.
After giving you these mortgage recommendations, most mortgage brokers will seek your consent to apply for a mortgage in principle.
This will allow you to shop for your home as more estate agents and sellers may take you seriously and it will also give you confidence that your mortgage is indeed a possibility before you make a full mortgage application.
Once you have found a home you want to buy and are satisfied with the mortgage offer for your mortgage then the mortgage broker will then look to get you a mortgage offer.
This will come with a key facts illustration document that details the features of your mortgage including how much you will pay per month.
It will also contain information on if there are any limits such as early repayment fees, or annual overpayment limits.
If you are happy with everything you can then go on to secure your mortgage with the help of a conveyancer.
Your conveyancer will manage the legal searches on the property to ensure there aren’t any issues with it.
They will oversee the sales agreement to ensure it is in your best interest, they will manage the transfer of mortgage funds, exchange contracts with the seller or their conveyancer, and set a completion date with the seller or their conveyancer.
This will then bring an end to the conveyancing process, at which point you will receive the keys to the house and move in.
In this brief guide, we provided a list of mortgage companies who serve in the UK.
If you need financial advice and you live in the UK then you could contact the Money Advice service over the phone or via chat for impartial advice.
You can also contact the debt charity “Step Change” if you are in debt and need help.
