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.
TESTIMONIALS
Mike,
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!
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!
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!!
Mortgage Loans Without Tax Returns? We Have Those.
Foreign Buyer Looking for a Mortgage? We Have a Solution.
Low Down Payment Jumbo Loans? We Have You Covered.
