Frequently Asked Questions
Answers to common questions, quoted from our own website pages. Each answer links back to its source page.
What does Wyke Financial do?
Wyke Financial has been helping people with their Mortgage and Insurance needs since 2017.
We are a Mortgage, Protection & Insurance broker offering a broad and comprehensive range of products from across the market.
Source: Mortgage & Insurance Specialists
Is Wyke Financial authorised and regulated?
Wyke Financial is a trading name of Wyke Financial Ltd who are an Appointed Representative of PRIMIS Mortgage Network, a trading name of TenetLime Ltd. TenetLime Ltd is authorised and regulated by the Financial Conduct Authority.
Source: Contact Us
Is there a charge for the initial appointment?
There is no charge for our initial appointment (inc everything upto the point of a mortgage in principle).
Source: Mortgages
What fees does Wyke Financial charge for arranging a mortgage?
Once we are happy to proceed your case we will charge an administration fee on full mortgage application of £299. (If this is a remortgage case we will not charge if we are staying with the existing lender) Buy to Let mortgages we charge an additional fee on completion of £200 due to the additional works involved.
For Adverse Mortgage applications (for credit impaired clients), further advances, right to buy case or shared ownership cases we will reserve the right to charge an additional fee of £500 on offer of the mortgage (for mortgages under £70,000 the most we would charge is at total of £650 including our initial admin fee). These fees once paid are not refundable if you decide not to go ahead with the mortgage.
Source: Mortgages
How is Wyke Financial paid?
If you choose to proceed with our recommendation and the mortgage goes ahead, we will be paid commission from the lender for arranging the mortgage on your behalf. The amount of commission we receive varies from lender to lender. Information about the range of commissions available to us from the mortgage products we recommend is available on request. You will receive a personalised illustration when considering a particular mortgage. This will highlight the key facts about the mortgage product, including any fees relating to it and the amount of any commission due to us from the mortgage lender.
If an application is submitted to a lender via a packager (a 3rd party specialist) we will be paid commission by the packager. This will be disclosed to you.
Source: Mortgages
Where are the Wyke Financial offices?
Corby (Head Office): Studio 11, Corby Enterprise Centre, London Road, Corby, Northants, NN17 5EU, telephone 01536 212211. Wellingborough: 32 Nene Court, The Embankment, Wellingborough, NN8 1LD, telephone 01933 426926. info@wykefinancial.co.uk
Source: Contact Us
Can Wyke Financial help if I live outside Northamptonshire?
Wyke Financial are based at the Corby Enterprise Centre in Northamptonshire which is a great locality to enable clients to visit from all over Northamptonshire. We would however stress many of our clients are out of area and in most cases transactions can be carried out remotely.
Source: Contact Us
Which types of mortgage can Wyke Financial arrange?
At Wyke Financial we offer a comprehensive range of mortgage products from across the market. We offer first charge mortgages, but not deals that you can only obtain by going direct to a lender. We use our knowledge and expertise to research thousands of products to find the right one to meet your individual needs. We have access to all the big high street names, as well as niche products from smaller lenders which aren’t normally available to consumers directly.
Source: Mortgages
Can I get a mortgage if I am self-employed, a contractor or have bad credit?
Something we hear a lot, whilst the lending criteria again is different, in the majority of cases for self-employed clients our experienced mortgage specialists are on hand to guide you through this process. Note: There is different affordability assessments depending on the lender and the type of company you own so be sure to ring us before any appointment so that we can help you prepare the appropriate documents in advance.
Again as with self-employed you will find the rules differ on this depending on the lender and how exactly you are paid. Our specialists will have the knowledge to suit these circumstances and are on hand to help you source the mortgage that suits you.
Its true credit history plays a part but as a “whole of market” lender we can approach all banks and building society’s not just the ones on the high street. As such you will find an array of lenders offering products to credit impaired clients. Note: if you believe yourself to be credit impaired we advised coming to any consultation with a copy of your credit file (contact ahead for advice on this)
Source: Mortgages
What is a Relevant Life plan?
Relevant Life Cover is a tax-efficient life insurance policy, allowing companies to offer a death-in-service benefit to its employees (including salaried directors). It’s set up by the company and pays out a tax-free, lump sum on the death (or diagnosis of a terminal illness) of the person insured. The proceeds go directly to the employee’s family or financial dependants.
Source: Relevant Life Cover
What is Wyke Business Protection?
At Wyke Business Protection, we create bespoke protection strategies to help organisations of every size prepare for the unexpected. Whether you’re an SME or a larger business, we’ll help you build resilience and protect what matters most.
Wyke Business Protection is the sister company to Wyke Financial, a Northamptonshire-based mortgage brokerage established in 2017. Led by Managing Director Daniel Wyke, Wyke Financial has grown from humble beginnings into a household name—earning a reputation for transparency, exceptional service, and genuine client-first values.
Source: Business Protection That Safeguards Your Future
What risks does business protection cover?
Running a business comes with risks that can’t always be predicted. The sudden illness of a director, the unexpected loss of a shareholder, or the death of a key employee could put everything you’ve built under threat.
- Disruption to cash flow.
- Loans being called in.
- Loss of ownership control.
- Decreased staff morale and retention.
Source: Business Protection That Safeguards Your Future
How do I book a business protection consultation?
For a free, no-obligation discovery call, book a meeting with our Director of Business Protection.
Book a Call · 01536 211 744 · info@wykefinancial.co.uk
Source: Business Protection That Safeguards Your Future
Does Wyke Business Protection work with accountants and solicitors?
That’s why we actively work alongside lawyers, solicitors, accountants and other professional advisers who already support the same business owners we do. Our role is simple: to strengthen what you already provide by ensuring your clients have the right protection in place to support the advice you give.
Source: Introducers
How does the Recommend a Friend scheme work?
3. Receive a £50 voucher: As a token of our gratitude for your referral, we will send you a £50 GiftPay voucher on completion of your referrals case. A list of retailers where this can be redeemed is here
Source: Recommend a Friend
