Established in 1898, we’ve been helping the needs of home buyers for over 120 years. Bank of England Mortgage specializes in creative financing solutions, many of which are unique to the national market.Our specialty programs cater to self-employed borrowers, foreign buyers, and borrowers whose taxable income may not permit qualification with other banks. We take a common-sense approach to underwriting and frequently grant exceptions. Bank of England Mortgage offers the strengths of a strong capital base, a solid and committed business plan, experienced management, and the assurance of a successful track record.
Most simply stated, a conventional loan means a homebuyer’s mortgage is not backed or insured by a government agency such as the Federal Housing Administration (FHA) or Veterans Administration (VA). Buyers can use a conventional mortgage to purchase a one- to four-unit home, a condominium, modular or manufactured home as a primary, secondary or investment property.
Many self-employed individuals have a difficult time qualifying for mortgage financing. Most banks require self-employed borrower to provide two years of recent tax returns and will look at the net income (after deductions and write-offs) reported on the returns. We will allow for the use of bank statement deposits to qualify, without the need to review tax returns.
When purchasing a home in the United States, foreign nationals may have trouble obtaining mortgage financing. Many big banks will not finance non-US citizens, while others have cumbersome restrictions such as asset seasoning on U.S. soil or requiring a depository relationship. We offer a streamlined approach to financing foreign buyers, without requirements for a Social Security number, visa, or U.S. credit.
Not all potential buyers have enough saved for a 20% down payment; not to mention closing costs and reserve requirements. Other buyers may have the cash but would rather preserve liquidity. We offer low down payment solutions to credit-worthy individuals.
Real estate investors can often have a difficult time qualifying for conventional financing. The sale of property is not treated as income, and tax returns can typically contain numerous write-offs. Investors will frequently turn to expensive, short-term private money loans, or pay cash.
Some borrowers may have significant liquid assets, but do not show enough income on their tax returns to qualify for conventional financing. Although these buyers may have the ability to purchase all cash, they may want to obtain a mortgage and preserve liquidity. In these circumstances, we use a common-sense approach.
It’s been a long and tedious road but we did it today! The reward was taking my kids to see the house for the first time after the closing. It was all worth it.
Thanks for your hard work, late night calls and texts and for your patience during this journey. My loan was truly an exception and when everyone else said “no” you said “yes” and made it happen. I enjoyed working with you, Mike and appreciate all you’ve done for me and my kids.
Thanks Jennifer for your help with the end process and for helping to push this through.
God bless you all!
Bank of England was a pleasure to work with. The mortgage process was streamlined and clearly defined, making what is usually a confusing and overwhelming process streamlined and efficient. We would absolutely work with you and Jenn again!
Bill took a very stressful process for us as home buyers and completely eased our fears. He is very knowledgeable about the loan process and the industry as a whole. We highly recommend Bill and hope to work with him again in the future!
We were trying to buy our dream home during a pandemic and Bill helped guide it through. Unusual times seemed to triple the complications and Bill was ALWAYS responsive! He was patient and persistent to make sure we got what we needed. His experience was invaluable as he could explain everything to as and make suggestions to get over unexpected obstacles. If we ever have to go through this process again, I would not want to deal with a mortgage without Bill leading us through it. THANK YOU, Bill, for your dedication! We love the house!
William (Bill) Bennett helped us get our dream home. We had some obstacles but he stuck right beside us the whole time. He let us know every detail of what was happening. He went above and beyond to get us into our home. He was not only professional but also personal understanding our feelings of concern and we now have a friend for life!
I own a small business. This one fact seemingly rendered me incapable of buying a home. Or, at least, that's what every other loan officer told me. Adam MacBride provided me with an opportunity to be a home owner. He is extremely knowledgeable, diligent, professional, and thorough. He walked me through every step of the process, held my hand when necessary, and he got my loan done!
I wanted to thank you for all of your help in securing our loan for our new home in Raleigh, NC. You were organized, thorough and professional. You kept me up to date, during the entire process, and you always promptly responded to my emails. You took a personal interest in making sure that everything went smoothly, and I enjoyed my interactions with you. We put our trust in you and you most definitely came through for us. Thank you for your patience, as well as treating me like a friend, rather than just a home loan customer. You are truly awesome, and I am sure there will be others who share the same sentiment. It was a pleasure working with you!
Hi Liam, I hope all is well.
We just wanted to send a special thank you to Liam Baker. Working with Liam and his team during the loan process, was great. We had lost hope with other lenders who could not get the deal done because of our unique situation, self-employed income. During a COVID climate, most lenders were not able to grant loans. It took Liam less than 3 weeks to secure our loan AND close! I have a lot of experience and no one is able to do that.
We are truly grateful to Liam not only for his expertise, but his constant communication, through follow through, and ability to get our deal done with as little stress and rework as possible. We will be referring all our friends, family and business associates to Liam and will be using him again for future deals. THANK YOU THANK YOU!
Started the move into our home on Thursday, May 30, 2019. Movers moved the big heavy stuff. That was the first night sleeping here. It was surreal, blissful, exciting, beautiful…I could hardly sleep.
Many thanks to you for making it happen…and at a great rate I may add. Thank you, thank you, thank you…God bless you and your family.
Good morning Liam –
I would like to thank you for all your help in regards to our home purchase. Your communication throughout the entire process was fantastic. It didn’t matter the time of day or night, you were always happy to provide me with information and/or an update. As we all know, today’s mortgage world is not always easy to navigate. You helped address my specific needs and made the process relatively simple. What I liked the most, was that you stayed with me throughout the entire process, from application to close. You were not simply an “application specialist”. You were my advocate and were with me from the beginning of the process to the end.
Our experience with Adam was a 5-Star PLUS and is a composite score based on the following criterion:
I cannot thank Adam enough. During a time of uncertainty and craziness, he was able to take us on as clients after our initial lender was not able to service our loan. We almost gave up trying to find alternative solutions and under a huge time constraint. From initial contact, Adam demonstrated his desire to help us get our dream home. He made himself accessible via phone, text and email. There was never a point where we felt communication was lagging or left in the dark. In less than 3 weeks we made our dream come true and we owe that to Adam and the team at BOE. Highly recommend!
Adam’s dedication and client-focused approach made our mortgage process far easier than we anticipated. Very easy to work with, Adam displayed a high level of integrity and personal commitment to the process.
Thank you to Adam who was helpful from beginning to end! Resolved all my questions and was always quick to respond. The first home purchase can be a stressful experience but Adam made the process transparent. I would recommend Adam to all!
Where do I start, Liam Baker was extremely helpful and always pleasant from the first phone call I had with him. My emails were answered timely. I had a good experience with Bank of England given the turn of events that happened last minute when we tested positive for Covid and it was almost impossible to close.
Liam put his all in making sure he does whatever it takes to make it happen for us. He was professional and attentive to our questions and responsive to emails and phone calls. We appreciate all he did for us and moving forward we will only use and refer Liam Baker to anyone and everyone. He is the best!!
Bill is so passionate when it comes to making dreams come true.
When everyone said it was impossible Bill made it happen. He truly takes the time and works day and night to close a deal. It took a few months and Bill worked every single day. He knows the mortgage business better than anyone.
I will never work with anyone else, he is the most trusted individual in the mortgage business. Words cannot express how much I appreciate what he did for me and my wife. We now own our dream home because of Bill's expertise.
Mr. Bennett was extremely nice, patient, and knowledgeable. He made me feel as if we were a family trying to get this loan approved together. He kept me informed about all updates/changes. He was accurate and precise with all the information needed to get the process done in a timely manner with almost no hiccups. I would highly recommend him to anyone looking for a loan to purchase a home.
Adam offered a competitive rate. He was always responsive and accommodating. The process was quick, painless, with no surprises and saved as a lot of money.
Bill was absolutely fantastic to work with. He laid out the process in great detail, provided options, thought through contingencies, stayed on top of everything , and was fully prepared throughout. We had several different scenarios we were considering and he helped us work through the various options and find what worked best for us. He prepared everything early and guided us through one of the smoothest closing we have had. Would highly recommend to anyone and will definitely be working with again for any future purchase.
I met Bill when I started to research alternative financing options for small business owners and discovered Bank Statement financing options. Not familiar with this program, I sent a query through the website and Bill returned my call and took the time to explain the program and the documentation required and within 3 business days I was pre-qualified and closed within 30 days after providing a ratified contract. Bill was a pleasure to work with and kept me updated throughout the process and I would recommend Bill to Any and All.
The words “thank you” aren’t enough to describe the experience we had with you. Our appreciation goes beyond words for how amazing you were through this process of Chris and I purchasing a home.
Our loan was extremely complicated and difficult, to say the least. From the first conversation to the last you were professional, educating, and simply just easing the stress associated with the process. Your dedication to finding a solution was not only impressive, but above and beyond! You worked many hours and weekends to help us! Even after we closed, we heard from you to make sure everything went smoothly.
As you know, we plan to refi down the road. You will definitely have our business again. Honestly, it feels like you are a friend to us now. Once again, we thank you! Thank you! Thank you! Thank you! You made our dream come true!