London mortgages aren’t just loans they’re long-term commitments in one of the world’s most expensive property markets.
With dozens of lenders, countless deals, and constantly shifting rates, finding the right mortgage provider is like navigating a maze blindfolded. The wrong choice could cost you thousands. The right one? It could make your homeownership journey smoother, faster, and far more affordable.
In this guide, we break down the Top 10 mortgage companies in London, highlight what makes each one unique, and answer the key questions you should be asking before signing anything.
Let’s simplify the complicated and help you borrow smarter.
Why Mortgages Matter So Much in London’s Property Market?
Buying property in London is a big deal and not just financially. The city’s real estate scene is fast-paced, competitive, and often confusing. From first-time buyers navigating high property prices to seasoned investors looking for smart financing options, the mortgage process can feel overwhelming.
That’s why choosing the right mortgage company matters. Rates, approval times, customer service, flexibility these things affect not just your bank balance, but your peace of mind too.
So, whether you’re eyeing a studio in Shoreditch or a family home in Wimbledon, this guide will walk you through the top mortgage companies in London, and answer the key questions most people forget to ask.
What Types of Mortgages Are Available for London Buyers?
First-Time Buyer Mortgages
For many, getting onto the property ladder in London is intimidating. First-time buyer mortgages often come with perks like reduced deposit requirements, cashback offers, or access to government-backed schemes such as shared ownership or Help to Buy. These products are designed to ease the burden, but each lender interprets “help” differently, so it’s worth comparing offers carefully.
Buy-to-Let Mortgages
London remains a strong market for property investors. If you’re planning to rent out your property, a buy-to-let mortgage is essential. These mortgages usually require a higher deposit sometimes 25% or more and are assessed based on potential rental income rather than your salary. Some specialist lenders in our Top 10 list, like John Charcol, are particularly good at securing deals for landlords.
Remortgaging to Save or Switch
If you already have a mortgage but your fixed term is ending, remortgaging can save you a lot of money. Many people in London forget this step and end up on their lender’s standard variable rate, which is usually more expensive. Remortgaging is also a good option if your property has gone up in value and you want to borrow more for home improvements.
Why Is It Crucial to Work with FCA-Approved Mortgage Companies?
The Financial Conduct Authority (FCA) regulates all legitimate financial services in the UK, including mortgage lenders and brokers. Working with an FCA-approved provider means you’re protected. If something goes wrong mis-selling, hidden fees, bad advice you have legal channels to challenge it.
Check a Provider’s Status
It’s simple. Just head over to the official FCA Register and search the name of the company. If they’re listed, you can proceed with confidence. If not? Walk away. No deal is worth the risk of unregulated advice, especially when your home is on the line.
How Do Mortgage Brokers in London Help Save Time and Money?
The Broker Advantage
Mortgage brokers act as middlemen between you and lenders, but don’t think of them as just another step in the process they can be your biggest ally. A good broker understands the fine print, knows which lenders are more flexible, and can suggest options you might not find on comparison sites.
Access to Exclusive Deals
Some brokers have access to ‘intermediary-only’ deals rates and products that aren’t available if you walk into a bank directly. Firms like London & Country and Habito have built their reputations on securing great terms through these exclusive agreements.
Digital vs. Traditional Brokers
The rise of online brokers like Trussle and Habito has made the process more convenient. You can upload documents, get real-time updates, and communicate entirely online. But if you prefer face-to-face discussions, traditional brokers like those at Mortgage Advice Bureau still offer in-person appointments across London.
Who Are the Top 10 Mortgage Companies in London?
1. London & Country Mortgages – “Free Expert Advice with Nationwide Reach”
London & Country Mortgages, often referred to as L&C, is one of the UK’s most trusted mortgage brokers. Known for its fee-free services and comprehensive market access, L&C offers personalised support both online and via phone. Whether you’re buying your first home or remortgaging, they aim to make the process transparent and stress-free.
Specialty Highlight – Full-market Access Without the Fees
L&C stands out for offering access to deals from hundreds of lenders, all without charging the client. Their whole-of-market model ensures buyers aren’t restricted to a single lender’s terms, offering real choice in a competitive market.
Ideal Use Cases or Clients – Perfect for First-Time Buyers and Price-Sensitive Homeowners
This service is ideal for first-time buyers, remortgagers, or anyone who wants broad options and expert guidance without paying a fee.
- Website: https://www.landc.co.uk
- Phone: 0808 292 8083
- Address: Unit 26 2.06, Newark Works, 2 Foundry Ln, Bath BA2 3GZ, United Kingdom
- Email: enquiries@landc.co.uk
★ Review (4.8/5)
“L&C made buying our first home a breeze. The advisor was patient, informative, and genuinely seemed to care. We ended up with a great deal we wouldn’t have found on our own.”
– Priya M., South London
2. Trussle – “Fast, Free, and Fully Digital Mortgages”
Trussle has built its reputation as one of the most efficient online mortgage brokers in the UK. By comparing deals from over 90 lenders, they aim to get you mortgage-ready within 24 hours, and their support doesn’t stop after your offer is accepted.
Specialty Highlight – Instant Mortgage Comparisons via Smart Technology
Trussle uses technology to simplify the application process. Its automated matching system reduces wait times, helping buyers secure deals quicker than traditional routes.
Ideal Use Cases or Clients – Tailored for Tech-Savvy Buyers Looking to Move Fast
Trussle is ideal for digital-first homeowners and busy professionals who want a smooth, paperless mortgage experience.
- Website: better.co.uk
- Address: 18 E Tenter St, London E1 8DN, UK
- Email: team@trussle.com
★ Review (4.7/5)
“Seamless service from start to finish. I got approved within a few days, and the online dashboard made everything so easy to track.”
– Ahmed B., Hackney
3. Habito – “Your Lifetime Mortgage Companion”
Habito is a pioneer in digital mortgage brokering, combining real-time technology with expert support. Their platform lets users apply online, get matched to deals, and even sign documents digitally all without visiting a branch.
Specialty Highlight – End-to-End Online Experience Plus In-House Lending
Habito isn’t just a broker they’re also a lender. This hybrid model gives users more control, faster processing, and consistency throughout the journey.
Ideal Use Cases or Clients – Suited for Digital Nomads and Remote Workers
Habito is best for buyers who want to skip paperwork and handle their mortgage journey entirely online from comparison to completion.
- Website: habito.com
- Phone: +44 330 223 0196
- Address: Moor Place, WeWork, 1 Fore St Ave, London EC2Y 9DT, United Kingdom
- Email: hey@habito.com
★ Review (4.6/5)
“I didn’t think getting a mortgage could be this easy. I never had to leave my flat, and the communication was excellent.”
– Sophie T., Brixton
4. Mortgage Advice Bureau – “Expert Guidance, Local Touch”
Mortgage Advice Bureau (MAB) offers face-to-face advice through a nationwide network of over 1,500 advisers. Their advisors work closely with clients to understand their needs and guide them through the process with clarity and confidence.
Specialty Highlight – Nationwide Network with In-Person Support
MAB stands out with its mix of local knowledge and access to over 90 lenders, making them ideal for those who prefer face-to-face engagement.
Ideal Use Cases or Clients – Best Fit for Traditional Buyers Wanting Human Interaction
Great for families, older buyers, or anyone who feels more confident speaking to a dedicated advisor in person.
- Website: https://www.mortgageadvicebureau.com
- Phone: +44 808 271 1687
- Address: 17 Hanover Square, London W1S 1BN, United Kingdom
- Email: enquires@mab.org.uk
★ Review (4.5/5)
“Having someone local to talk to made a huge difference. They explained everything in plain English and were always available for a call.”
– David L., Ealing
5. Barclays – “Trusted Banking, Tailored Mortgages”
Barclays is a major high street lender offering a broad selection of mortgages, including fixed-rate and tracker deals. Known for their customer service and long-term financial planning tools, Barclays caters to both first-time and experienced buyers.
Specialty Highlight – Stability from a Reputable High-Street Lender
Barclays brings years of experience and reliability to the mortgage space, offering competitive rates and flexible terms for varied borrower profiles.
Ideal Use Cases or Clients – Best for Buyers Seeking Security and Support from a Major Bank
Perfect for individuals who already bank with Barclays or value consistency and in-branch service options.
- Website: barclays.co.uk/mortgages
- Phone: +44 345 734 5345
- Address: 15-17 Great Portland St, London W1W 8QA, United Kingdom
★ Review (4.4/5)
“We felt in safe hands with Barclays. Their in-branch team helped us navigate everything clearly, and the app was really helpful too.”
– Amelia F., Clapham
6. Halifax – “Helping You Home with Simplicity and Support”
Halifax is one of the UK’s largest mortgage lenders and has long catered to first-time buyers and homeowners looking for straightforward terms. Their step-by-step application process is known for its clarity and support.
Specialty Highlight – Streamlined Tools and Support for First-Time Buyers
Halifax simplifies the process with helpful calculators, clear guidance, and competitive offers especially for younger buyers.
Ideal Use Cases or Clients – Ideal for New Buyers Who Want Hand-Holding Throughout
Great for first-timers or buyers with limited mortgage knowledge who want to feel confident at every step.
- Website: https://www.halifax.co.uk
- Phone: +44 345 720 3040
- Address: 118-132 New Oxford St, London WC1A 1HL, United Kingdomk
★ Review (4.3/5)
“As first-time buyers, we were clueless. Halifax walked us through every detail and made the process manageable.”
– Sean & Olivia R., Greenwich
7. NatWest – “Modern Mortgages with Flexible Terms”
NatWest offers a range of flexible mortgage solutions, including overpayment options and handy online management tools. They’ve modernised much of the process, making applications easier to manage from anywhere.
Specialty Highlight – Strong Online Systems Backed by Traditional Service
NatWest mixes tech convenience with brick-and-mortar stability, allowing clients to choose how hands-on they want to be.
Ideal Use Cases or Clients – Ideal for Buyers Wanting Control with Some Guidance
Best for homeowners who want to manage their mortgage digitally but still appreciate in-person support when needed.
- Website: www.natwest.com/mortgages
- Phone: +44 345 788 84440
- Address: 10 Southwark St, London SE1 1TJ, United Kingdom
★ Review (4.3/5)
“I liked being able to track everything on the app. Still had a branch nearby if I needed real help.”
– Callum D., Camden
8. Santander – “Mortgages Built Around Your Life”
Santander’s mortgage products focus on flexibility and customer service. Known for its strong reputation with existing account holders, the bank offers tailored solutions based on your financial goals.
Specialty Highlight – Customised Lending for Life Milestones
Santander focuses on helping customers match their mortgage to long-term life plans, offering adaptable terms and bundled account options.
Ideal Use Cases or Clients – Best for Loyal Santander Customers and Flexible Borrowers
A great match for people already banking with Santander or those needing custom repayment structures.
- Website: https://www.santander.co.uk/personal/mortgages
- Phone: +44 330 912 3123
- Address: Central, 164-167 Tottenham Court Rd Central, London W1T 7JE, United Kingdom
★ Review (4.2/5)
“They really worked around my needs and explained all the options clearly. I’m happy with the service and rate.”
– Rebecca G., Battersea
9. Atom Bank – “Smarter Lending, Made Simple”
Atom Bank is one of the UK’s first app-only banks. They offer competitive rates and fast application decisions, all handled through their user-friendly mobile app.
Specialty Highlight – App-Based Experience with Fast Turnaround
Atom Bank operates entirely online, delivering streamlined service and some of the lowest fixed rates in the market.
Ideal Use Cases or Clients – Suited for Tech-Savvy Borrowers Looking for Low Rates
Perfect for buyers who prefer digital banking and want to cut out traditional paperwork entirely.
- Website: atombank.co.uk
- Phone: +44 20 3300 4900
- Address: The Rivergreen Centre, Aykley Heads, Durham, DH1 5TS, England.
- Email: customersupport@atombank.co.uk
★ Review (4.1/5)
“Incredibly smooth process. Everything was done via the app, and it saved me so much time.”
– Henry M., Hammersmith
10. John Charcol – “Expert Mortgages for Complex Situations”
With over four decades of experience, John Charcol is a trusted name in specialist mortgage advice. They excel at handling more complicated financial scenarios like self-employment or multi-property ownership.
Specialty Highlight – Custom Solutions for Unique Financial Needs
John Charcol specialises in finding mortgage solutions where others say no, including buy-to-let portfolios and high-net-worth lending.
Ideal Use Cases or Clients – Ideal for Freelancers, Landlords, and High-Income Clients
Tailored for buyers with non-standard income or investment needs who need more than a one-size-fits-all deal.
- Website: www.charcol.co.uk
- Phone: 0808 304 3972
- Address: 4th Floor, 11 Leadenhall St, London EC3V 1LP, United Kingdom
★ Review (4.0/5)
“They helped me buy a second property when other lenders didn’t understand my income. Lifesavers!”
– Lisa K., Kensington
What Factors Should You Consider Before Comparing Mortgage Offers?
Many people head straight for the mortgage with the lowest interest rate, assuming it will save the most money. But what’s often overlooked is the total cost of borrowing, which includes fees, flexibility, and how long you’ll stay in the property. For example, a mortgage with a slightly higher rate but no early repayment charge could be better if you plan to move within a few years.
Understanding APRC and Product Fees
The Annual Percentage Rate of Charge (APRC) is a more accurate figure to compare because it includes not only the interest rate but also any lender fees and charges over the life of the loan. Some deals with ultra-low interest rates come with steep product fees that can cancel out the savings.
Matching Mortgage Terms with Your Life Plan
Before signing anything, ask yourself key questions: Are you planning to relocate soon? Are you thinking of expanding your family? The answers will help you choose between fixed, tracker, or offset mortgage options, and decide whether flexibility or savings matters more to you.
How Can You Improve Your Chances of Mortgage Approval in London?
Get Your Finances in Shape Before Applying
Lenders scrutinise your financial health before approving your mortgage. That means your credit score, debt levels, income stability, and savings all play a part. Make sure to review your credit report in advance and pay off any outstanding debts or credit card balances to strengthen your application.
Save for a Bigger Deposit
The more you can put down upfront, the better your loan-to-value (LTV) ratio will be. This improves your chances of approval and often unlocks lower interest rates. While 5% deposits exist, aiming for at least 10–15% is more ideal in London’s competitive market.
Be Transparent About Your Finances
Don’t try to hide debts, multiple income streams, or financial arrangements lenders will find out during the underwriting process. Be honest and provide all documentation they ask for promptly. It builds trust and speeds up your approval timeline.
Is a Fixed or Tracker Mortgage Better for Buyers in London?
Fixed-Rate Mortgages – Peace of Mind in a Pricey City
With property prices in London being high, many homeowners prefer fixed-rate mortgages because they lock in monthly payments for a set period (usually 2, 3, or 5 years). This is helpful in budgeting, especially during uncertain economic periods or when interest rates are rising.
Tracker Mortgages – Potential Savings, But More Risk
A tracker mortgage follows the Bank of England’s base rate. When rates are low, your payments may be cheaper than a fixed deal. But if rates rise, so do your repayments. This can be risky if you’re on a tight budget or purchasing at the upper limit of your affordability.
Choosing What’s Right for Your Situation
If you’re risk-averse, a fixed-rate mortgage might give you more peace of mind. If you’re financially flexible and believe rates will stay low, a tracker mortgage could save you money. It’s always worth running the numbers and, if needed, consulting with an independent broker.
What Are the Most Common Mistakes Londoners Make When Getting a Mortgage?
Picking the First Deal You See
London’s property market moves fast, but that doesn’t mean you should rush your mortgage decision. Too often, buyers accept the first offer a bank gives them without checking whether better options exist. That could mean missing out on lower rates or more flexible repayment terms.
Underestimating Additional Costs
It’s easy to focus on your monthly mortgage payments and forget the other expenses that come with homeownership like stamp duty, solicitor fees, and moving costs. These can add thousands to your total spend. Failing to account for them can stretch your budget thin just when you need flexibility.
Ignoring the Small Print
Things like early repayment charges or mortgage portability don’t seem important until they are. If you move within a few years and your mortgage can’t come with you, you might face hefty exit fees. Always read the terms or ask your broker to explain them in plain English.
Conclusion
Finding the right mortgage company in London isn’t about choosing the one with the flashiest ad or slickest website. It’s about understanding what you need and finding a provider who meets those needs without hidden costs or inflexible terms.
Whether you go with a big-name bank like Barclays or a modern online broker like Habito, the important thing is to compare carefully, ask questions, and make sure the company is FCA approved. There are great deals out there but only if you take the time to look.
A mortgage isn’t just a loan. It’s a relationship. Choose a provider who treats you like a person, not just a number.
FAQs About Mortgage Companies in London
What’s the typical deposit needed for a mortgage in London?
For most buyers, lenders expect a deposit of at least 10%. However, some government-backed schemes allow as little as 5% for first-time buyers. Keep in mind that the more you can put down, the better the interest rate you’ll likely secure.
Are mortgage rates in London higher than the UK average?
While property prices are higher, mortgage rates are generally in line with the rest of the UK due to London’s competitive lending market. In fact, some lenders offer better rates in London because of higher demand.
How long does the mortgage application process take?
On average, the full mortgage process takes between 2 to 6 weeks, but this depends on your documentation, the complexity of your case, and the lender’s processing speed.
Can you switch mortgage providers in London mid-term?
Yes, switching or remortgaging is common, especially when a fixed-term ends. However, you may face early repayment fees if you switch before the term is over. Check with your current lender first.
Do you need a mortgage advisor to buy property in London?
Not necessarily, but it’s highly recommended. Advisors (especially those who are independent) can help you understand the options that suit your unique financial situation and increase your chance of approval.
Are digital mortgage brokers like Trussle and Habito reliable?
Yes, many digital brokers are regulated and have strong customer reviews. They’re known for convenience, speed, and transparency. Just ensure they’re FCA-authorised before proceeding.
What documents are required to apply for a mortgage in London?
Typically, you’ll need proof of income (like payslips or tax returns), photo ID, bank statements, and details about your deposit and the property you want to buy.