Case Study
Stephanie Healey successfully arranged a £211,375 residential mortgage for a pair of first-time buyers aiming to stop renting and step onto the property ladder. With only a 5% deposit available, the clients faced significant challenges that had already led to rejection by a previous specialist lender.
One of the key hurdles was the property itself – a steel-framed construction, which many lenders are unwilling to consider due to its non-standard build type. Adding to the complexity, the clients had a troubled credit history, including historic defaults – some still outstanding – and a missed mobile phone bill payment within the last 12 months. These issues meant they were unable to obtain even an Agreement in Principle from their high street bank.
Despite these obstacles, Steph moved swiftly to secure a Decision in Principle on the same day of application. Leveraging her lender relationships and in-depth knowledge of specialist criteria, she was able to place the case with a lender that accepted both the property type and the clients’ credit profile. The mortgage was offered at 95% loan-to-value with a competitive rate of 6.99%, and even included a free valuation – providing additional savings at a crucial time.
Subject to status. Product and criteria availability is subject to change or withdrawal at any time. For intermediaries only.
