Mark Mitchell - London's Mortgage Agent - has been helping to connect people who do not qualify for traditional mortgages with Private Mortgage Lenders in London Ontario and area. While Mortgage Brokers in London Ontario have not really focused on the provision of Private Mortgage Lending, Mark recognized the need for the service and sought to fill the gap! Benefits of a Private Mortgage Lender Private Mortgage Lenders operate independent of traditional banking and mortgage companies. Since they are independent they are not subject to the stringent guidelines set out by the government. This enables them to handle unique situations and circumstances when consider whether or not to provide a mortgage. Equity Lenders While traditional banks and mortgage lenders tend to lend base on credit score and income, Private Mortgage Lenders are concerned with the equity available in the property. Many Private Lenders will lend up to 85 percent of the homes value if it is in good condition