Clients arranged an appointment because they had been renting for 2 years and were struggling to find any surplus income to save for a house deposit. They were both on good incomes but their rental payments were high. As they both had good credit scores and they had been renting continuously for 12 months, we were able to arrange a mortgage for them with 0 deposit. This meant that the clients could purchase a new home and start investing in their
future.

Our clients wanted to buy a new family home. They are company directors and applicant 1 owned 70% shares and applicant 2 owned 30% shares. Their business had increased in profit in the latest year but they wanted to grow their business so the dividends they were drawing were not high and not sufficient to support the new mortgage. A large amount of their profit was retained in the business.

We approached one of our lenders who applies a flexible approach to self employed income and we were able to use an average of the clients last 2 years directors salary and profit before corporation tax. This meant that our clients could purchase their new long term family home.

A couple came to us panicking that they were told by another adviser that there was no way they could do what they needed. They had come to the end of the 5-year help to buy loan, their 5-year fixed rate was coming to an
end. Together with this they had taken out loans to build a hair salon in the garden for the client to start up a self-employed hair dressing business just before Covid.

They wanted to repay the help to buy loan, repay the loans for the salon and take out another fixed rate mortgage. As the business had taken off, we were able to help, and the clients now have the help to buy loan and salon loan together with their mortgage on a lower interest rate.

They were a contractor and they had been contracting for less than 6 months and only had 1 month remaining on the existing contract. As yet there was no paperwork confirming the contract would be renewed.

We knew which lender to place this with. A remortgage application was submitted, and a mortgage offer was received in 2 days. Client has been able to repay all their debts, have one monthly payment to pay each month and can carry out the home improvements they wanted.

This client was looking to buy a property in the UK for his wife and children. He was overseas resident and paid in foreign currency, however his wife was British.

The challenges here were the deposit and the income which were in another currency.

We were able to secure a mortgage through a lender who accepted the currency in which the client was paid and the country in which they worked and lived the remainder of the time.

This was a case where a couple had split, however one party wished to remain in the property for their children’s sake. The difficulty here was the remaining party’s income, which was from self-employment of less than a year and therefore insufficient at this time to be able to qualify for the mortgage required.

However, it was clear that this would not always be the case and there was potential for income to increase. In the interim we were able to remortgage and include the client’s parent on the mortgage on a Joint Borrower Sole Proprietor mortgage to enable the client to stay in the property.