Success Stories

KH enquired as a first time buyer, looking to borrow approximately £400,000. Earning £40,000, he hoped to be supported by a family member on a JBSP basis, ensuring he would be the sole legal owner of the property and exempt from paying stamp duty and land tax. With the ability to utilise his family member’s strong pension and investment income, KH was able to secure the requested loan over a 25 year term with just a 10% deposit. 

First Time Buyer?

JS & FS contacted us as they wished to purchase their home from the local council. They had rented for many years through social housing and had contacted the provider to request a ‘Right to Buy’ letter, outlining the discounted purchase price they could secure the property for. They were working to a deadline set out on the letter and needed to achieve a loan equivalent to 100% of the discounted purchase price. We introduced JS & FS to an authorised and regulated mortgage broker who assessed their circumstances and secured an Agreement in Principle on the same day. A full Application was submitted just a few days later, with the timeframe from initial enquiry to offer being just 9 days.

Right to Buy / Acquire?

GB & SB approached us having lived overseas for many years. They were seeking their first residential purchase in the UK – a detached home with a parcel of land extending almost 10 acres. Their income situation was incredibly unique – monthly payments due to be received over many years following the sale of a business overseas. The brokers we introduced the business to managed to secure a mortgage offer within four weeks. 

Complex Income?

AR & MB provided details of what looked to be a very tricky case. They’d had an offer accepted on a property and had submitted a mortgage application which was unsuccesful. MB wanted to use income from his limited company, whilst AR worked a zero hours contract and separate short term contracts. The couple were delighted to receive a mortgage offer from a building society lender and are now living together in their first shared home. 

Ltd Company or Contractor?

LH is a portfolio landlord with a number of properties held in personal name. Income from property is his main source of income. LH enquired about remortgaging four of his properties to release capital to enable renovations to the portfolio and cover the deposit for an onward purchase. We introduced him to an FCA-authorised mortgage broker who assessed the circumstances and successfully achieved four separate mortgages. 

Landlord?

GF got in touch seeking support for a residential purchase in the UK. GF had been living in Dubai for over 10 years and was working as a teacher in a full time position, residing in employer provided accommodation. She wished to buy a property to have as her base whenever back in the UK, allowing family to reside there the remainder of the year. The broker who took on the case was able to achieve a mortgage offer at 80% loan to value with a specialist lender.

Expat Residential?

LG contacted us as a UK national residing in Spain, seeking a remortgage of her former home in the UK, which was due to be let out. The case was referred over to Pinnacle Finance and Property Group Ltd, who managed to secure a sizeable loan to consume her existing mortgage and raise sufficient capital to buy out the remaining 40% share of the property via the Help To Buy scheme. 

Expat Buy To Let?

ST got in touch as he was approaching the end of his fixed rate deal on a residential mortgage and was concerned that he might struggle to remortgage due to recent late payments on a credit card. Following introduction, ST was contacted by a skilled broker who was able to illustrate that the retention products offered by his existing lender were highly competitive and that he would be able to select one of these without the need for a formal underwriting process or new credit search. On deal expiry, ST moved on to a new 2 year fixed rate at a highly competitive rate with his existing lender.

Product Transfer?

DS contacted us as the owner of a residential property in London. DS’ work commitments meant he was spending less and less time at the property, so he was seeking a like for like remortgage to coincide with a change of use – residential to buy to let – with a tenant in situ shortly after completion. DS had family locally to reside with when he was not away for work purposes. Following referral to a regulated broker, DS achieved a formal mortgage offer a few weeks later.

Let to Buy?

KB contacted us as a UK national who has resided in the US for many years. She had an established company set up overseas, which had traded at a strong level for 5+ years. She intended to continue with this arrangement upon return to the UK and had already had an offer accepted on a residential property. She had very limited recent UK address history having just moved back to the UK a fortnight before contacting us and was still awaiting sale of her former home in the US to fund the deposit on the new purchase. Following introduction, a specialist broker skilfully positioned the case to demonstrate to underwriters that the business would continue to flourish despite the owner working from the UK in the years to come. A mortgage offer was secured at a highly competitive rate with a high street lender.

Overseas Income?

PC works as a seafarer for oil, gas and wind farm projects throughout the world and is employed via a payroll company on a daily rate. Due to being overseas for more than half of the year, PC indicates a tax exemption when filing annual self-assessed tax returns. Upon contacting us, PC explained that his dilemma was that he only earnt money whilst on contract – in the weeks between assignments, PC was not able to evidence any income and was technically unemployed. Despite the challenges, following referral to a specialist broker, PC was able to secure a mortgage on his first home with a high street lender at a market leading rate.

Seafarer?