London Mortgage Company – UK Mortgage Lender
The London Mortgage Company was set up in 2001 by Southern Pacific Mortgages, a subsidiary of Lehman Brothers, to provide secured personal loans and specialist non conforming mortgages, via intermediaries.
All applications are dealt with at their office in Broadgate, London.
Fixed Rate Mortgages: 2 year fixed rate mortgages and remortgages.
Discounted Mortgages: 2 year discounted rate mortgages and remortgages.
Buy to Let Mortgages: 2 year fixed rate and 2 year discounted rate mortgages and remortgages.
Interest rates charged depend upon the borrowers’ previous credit history.
The London Mortgage Company began life as a specialist mortgage provider sold only through intermediaries. Since then the company has gone from strength to strength and now offers mortgages through a range of specialist intermediaries.
The company focuses on borrowers who cannot obtain traditional mortgages because they do not meet standard lending criteria, for example, those with adverse credit or with irregular earnings. For this reason, London Mortgage Company does not use traditional credit scoring ratings when checking borrowers. Instead decisions are based on individual criteria rather than on an automated process.
The mortgages themselves are quite straightforward, offering the option of fixed and discounted products that are simple and easy to understand as well as offering predictable repayments. Completion fees and early repayment charges are payable, which assists in ensuring that the mortgage rates can be kept low for borrowers staying with the company for the term of the loan.