OpenDoor Mortgages

OpenDoor Mortgages, mortgage brokerage in London

OpenDoor Mortgages is a mortgage brokerage based in London that presents itself as one of the most trusted in the UK. Its activity focuses on professional financial advice for mortgages, pensions, investments and insurance, with a service aimed at supporting the client throughout the entire process, from buying a home to investing in property.

Mortgage services for every stage

The firm organises its offering into several areas. For first-time buyers, it provides support throughout the entire purchase process. It also serves those moving home, those looking for a remortgage and investors interested in buy to let mortgages. In addition, it offers tailored mortgage solutions for specific financial needs and an insurance section to protect what the client considers most important.

Specialist finance

Its specialist services include 2nd Charge mortgages, bridging loans, development finance and commercial finance. The company explains that a 2nd Charge mortgage can be used for home improvements, debt consolidation, major purchases, business investment, property investment or covering unexpected expenses, among other uses. It also notes that this type of loan allows homeowners to tap into the equity built up in their home without having to replace their main mortgage, which can be useful when the latter has favourable terms or early repayment charges, and that it constitutes a secured finance option for those unable to access personal loans due to their credit history.

Profiles with particular circumstances

The brokerage details its experience in cases that often complicate a mortgage application. These include applications during maternity or parental leave, where it works with lenders that assess expected income upon return to work; people with limited leave to remain in the UK, where lenders consider the remaining time on the visa, length of stay in the country, employment situation and credit history; applicants in a probation period, which it does not consider an insurmountable obstacle if job stability is demonstrated; people who have just started a job, for whom it seeks lenders that accept a permanent contract or a job offer as proof; and first-time buyers receiving benefits, income that it integrates into the financial profile by demonstrating its regularity and reliability.

Tools and resources for the client

The site provides users with affordability, repayment and stamp duty calculators. It also has a Help and Learn hub with articles, guides and videos on buying, remortgaging, moving, changing ownership and property investment. Among the published content, topics covered include the importance of securing a mortgage rate quickly, investing in property as a source of income, the performance of savings in a context of rising rates and improving the energy efficiency of the home to reduce consumption.

Structure and regulation

OpenDoor Mortgages (London) Ltd, trading as OpenDoor Mortgages, acts as an appointed representative of HL Partnership Limited, an entity authorised and regulated by the Financial Conduct Authority. HL Partnership Limited is responsible for advice on regulated mortgages, including buy to lets, and on protection and general insurance products. The company is also an appointed representative of White Rose Finance Group Limited, likewise authorised and regulated by the Financial Conduct Authority, responsible for advice on non-regulated bridging loans, commercial mortgages, development finance, portfolio loans, semi-commercial mortgages and asset finance.

Service and availability

The firm offers a free initial appointment so that advisors can prepare personalised mortgage solutions. It is open Monday to Saturday, from 08:00 to 20:00, and remains closed on Sundays.

Location and contact

Phone: 0208 1030 103 · Email: info@opendoormortgages.co.uk · Hours: Mon - Sat 08:00 - 20:00 Sun Closed