Norman Phillips

Managing Director

DRAKE MORTGAGES LIMITED
Norman Phillips

About Norman

Norman has been in the financial services industry since 1987. For the first 10 to 15 years this was quite broad in scope including inheritance tax, residential mortgages and pensions, but this gradually changed such that since 2005 he has specialised in property finance.

Whereas residential mortgagescommercial loans and property development finance have always been available in the marketplace, Norman has also been at the forefront of the evolving requirements that include Buy-to-Let and Holiday Let mortgages. This breadth of experience makes him an excellent problem solver and someone who is particularly adept at “thinking out of the box”.

On a personal basis he has completed a number of his own property developments and owns a number of investment properties. Not only does this give him in-depth knowledge of both subjects but an empathy for the problems faced by his clients.

To add to this, he has a good working knowledge of taxation, town planning and, as a director of a residential letting agency, a lot of the thorny issues to do with letting.

SPECIALIST AREAS

As a problem solver and alternative thinker Norman likes to get involved in the more complex cases that require more creative strategies.

Holiday Let Mortgages

Over 18 years of experience providing finance options for holiday lets, multi-unit freehold blocks and second homes.

Property Development

From straightforward developments or conversions to land purchase, ground up builds, planning gain finance and exit finance.

Commercial Mortgages

Experienced commercial mortgage service assisting businesses that occupy, or intend to occupy, a commercial/business freehold property.

Written by Norman Phillips

What is the difference between bridging and development finance?

Whether you’re a seasoned property investor or a first-time buyer with a vision, securing the right financing can be the key to unlocking your …

Can an executor pay beneficiaries before probate is granted?

When someone passes away and leaves a will, a person called an executor is in charge of sorting out their property and money. Probate …

Do you have to pay inheritance tax before probate?

It’s a question that is asked by many executors of wills in the UK: Do you have to pay inheritance tax before probate? In this …

What does a conveyancer do?

Are you in the process of buying or selling a property? If so, you will need to enlist the services of a conveyancer. But …

Maximising rental income through property conversion

Increasingly, landlords are taking advantage of the rising popularity of flats by splitting a large house into multiple units. The process of converting a …

Who would need a day one remortgage?

Day one mortgages are designed to help people remortgage their homes as quickly as possible after purchasing them. This is ideal for people who want to take …

How to Finance an Auction Property

When you are looking to buy an auction property in the UK, you will need to decide how to finance the purchase. This can …

Buy to Let Tips

Here are some top tips for buy to let success. There’s money to be made, and lost, with buy to let. If property investment is …

Should You Buy Off Plan?

BUY OFF-PLAN. ATTRACTIVE BUT DANGEROUS AND WITH A SCARY STORY What does the term ‘Off plan’ actually mean? Well it means that the property …

Property Down Valuations

The property survey has been done and the report is in. But, the surveyor doesn’t agree with your figures. Wow, you didn’t see that …

Using The Wrong Mortgage

It still happens too frequently that, in pursuit of a cheap interest rate, people will use an inappropriate mortgage product, intentionally misleading the lender. …

Property Development Finance and an Exit Strategy

There are several ways to arrange property development finance and several types of lenders in the market. What is common to them all is their need …

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Thank you for your help throughout this process, we are very happy with the service provided and would not hesitate to recommend you.

Kat & Gary

Camden London N9
Kerry has been an invaluable resource for us not once, but twice over the past five years, assisting us with both our initial mortgage and subsequent remortgage. Kerry's expertise and knowledge are truly commendable.

Ella Green

I have enjoyed the benefits of extending my property portfolio with the advice from Norman Phillips and his team. I always trust their solutions and let them deliver the financial strategies needed.

Nicholas Thompson

Wimbledon
Excellent service from end to end in securing our Holiday Let Mortgage where other brokers had failed. Highly recommended.

Phil Entwistle

I had confirmation from the bank yesterday that the funds had been received. Many thanks for all your help

Robin

Essex
I have used Drake Mortgages a number of times over the years. Kerry and Dawn are both highly professional and efficient in the service provided. I have always been pleased with the deals they have been able to source as well as the on hand advice and help available. I would have no hesitation in recommending them.

Alexander Cohen