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.