Monday Mortgages
South London
Mortgage advice covering bad / adverse credit, self-employed, later life / equity release and 10 more. Monday Mortgages charges a broker fee.
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What this broker covers
From the areas recorded here.
Monday Mortgages records 13 of the 13 areas this directory tracks, working out of South London: bad / adverse credit, self-employed, later life / equity release, commercial, shared ownership, help to buy, buy-to-let, first-time buyers, interest-only, residential, tracker, variable rate and fixed rate. That is a broad listing.
Covering both adverse credit and self-employed lending is the harder end of the market — those two together are exactly the cases high-street lenders turn away, and they need a broker who knows the specialist panel.
Bad / Adverse Credit
Adverse credit work means the firm places cases that high-street lenders decline — defaults, missed payments, CCJs, IVAs and discharged bankruptcies. Lenders in this space price by how recent and how severe the event was, so the date on your credit file matters more than the amount.
Read the bad / adverse credit guideSelf-Employed
Self-employed cases turn on how a lender reads your income. Some average two or three years of accounts, some use your latest year, and sole traders, limited-company directors and day-rate contractors are all assessed differently. A firm that does this regularly knows which lenders sit where.
Read the self-employed guideLater Life / Equity Release
Later-life lending and equity release are separately regulated and have long-term consequences: interest can roll up against the value of your home, and it changes what is left in your estate. Advisers need a specific qualification to recommend it.
Read the later life / equity release guideCommercial
Commercial mortgages are underwritten case by case rather than from a rate table. Lenders look at the trading business behind the purchase, the property type and your experience, and terms are negotiated rather than advertised.
Shared Ownership
Shared ownership sits under two sets of rules at once: the housing association's, and the lender's. Not every lender takes it, and staircasing later has its own costs and valuation requirements.
Read the shared ownership guideHelp to Buy
Help to Buy cases now mostly mean people who already hold an equity loan and need to remortgage, staircase out of it, or sell. The equity loan has to be repaid at the property's current value, not what you borrowed.
Read the help to buy guideBuy-to-Let
Buy-to-let borrowing is capped by a rental stress test rather than by your salary, and the sums differ sharply between personal ownership and a limited company. Portfolio landlords with four or more mortgaged properties face extra underwriting. Alongside commercial lending, that points at semi-commercial units and HMOs rather than single flats.
Read the buy-to-let guideFirst-Time Buyers
First-time-buyer work means walking someone through it from scratch: what deposit is realistic, what an agreement in principle is worth to an estate agent, which schemes still exist and what lenders will ask to see. With shared ownership also on the list, part-buy routes should be on the table as well as a full purchase.
Read the first-time buyers guideInterest-Only
On interest-only lending your payment covers the interest and nothing else, so lenders want a credible plan for repaying the capital — an investment, a second property, or a sale — and they will test it.
Read the interest-only guideResidential
Standard residential advice covers buying, moving and remortgaging on your own home — the bulk of UK mortgage lending, and the area where switching deal at the right moment usually saves the most. Here that runs alongside adverse-credit work, so it covers people a high-street lender has already turned down.
Read the residential guideTracker
Trackers follow the Bank of England base rate by a fixed margin, so your payment moves with it in both directions. Many come without early repayment charges, which suits people expecting to move or remortgage soon.
Read the tracker guideVariable Rate
Variable-rate products let the lender change your payment at their discretion rather than in step with the base rate, which makes the terms of the specific product more important than the rate on offer today.
Read the variable rate guideFixed Rate
Fixed-rate advice is about matching the length of the deal to your plans: a payment that cannot move, in exchange for early repayment charges if you leave before the end.
Read the fixed rate guideFees: what this means for you
Charges a broker fee
You pay this firm for its advice on top of the lender's product fee, valuation and legal costs. Ask for the amount, the point at which it becomes payable and whether it is refundable if the case falls through — firms must disclose this before you commit. Commercial cases are frequently priced separately from residential ones, so confirm which applies to you.
Fee-free vs fee-charging brokers, compared →Checking this firm on the FCA register
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Questions to ask Monday Mortgages
Tailored to this listing.
- 1You list a wide range of areas — which of them do you place regularly, and would I be dealing with a specialist in mine?
- 2What is your fee, when is it payable, and do I get it back if the application does not complete?
- 3Given what is on my credit file and when it happened, which lenders would consider me, and roughly how much more will that cost than a high-street rate?
- 4How will lenders read my income — salary plus dividends, net profit, or day rate — and do you work with lenders that use my latest year rather than an average?
- 5What qualification does the adviser hold for equity release, and how would rolled-up interest affect what I can leave to my family?
- 6What deposit, trading history and security will a commercial lender want from me, and how long does a decision usually take?
- 7Do you see clients at your South London office, or is this handled by phone and video?
Getting in touch with Monday Mortgages
Monday Mortgages lists a phone number, an email address and its own website, so use whichever suits.
- First conversations are free and non-committal.What a broker does
- Bring payslips, statements, existing mortgage details.Document checklist
- Compare two or three brokers.How to choose
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Frequently asked questions
Does Monday Mortgages charge a fee for mortgage advice?
Yes. Monday Mortgages is listed as fee-charging, so you pay the firm for its advice in addition to lender and legal costs. Ask for the exact amount, when it becomes payable and whether you get it back if the application does not complete. Commercial cases are frequently priced separately from residential ones, so confirm which applies to you.
What types of mortgage does Monday Mortgages handle?
Monday Mortgages records bad / adverse credit, self-employed, later life / equity release, commercial, shared ownership, help to buy, buy-to-let, first-time buyers, interest-only, residential, tracker, variable rate and fixed rate, working from South London. Ask anyway if your case sits outside that list.
Can Monday Mortgages help if I have bad credit?
Monday Mortgages lists adverse credit as an area it covers, which means it places cases involving defaults, missed payments, CCJs or an IVA. Bring the dates and amounts from your credit file to the first conversation — specialist lenders price on how recent the event was, so an adviser cannot give you a realistic answer without them.
Does Monday Mortgages only cover South London?
Monday Mortgages is listed in South London, but UK brokers are not restricted to their own area and most advise nationally by phone or video. You can also compare other mortgage brokers in London on MortgageMatch.
MortgageMatch is a directory, not a broker. We do not give advice. Your home may be repossessed if you do not keep up repayments.