95% LTV Mortgage For A Self-Employed Buyer Near Commercial Units In Manchester
The latest industry news and guides from Active Mortgages.
The latest industry news and guides from Active Mortgages.
A self-employed first-time buyer approached us looking to purchase a flat in Manchester city centre. Despite having consistent work, their income was on the lower side and made it difficult to meet standard affordability criteria. They were aiming for 95% loan-to-value, which narrowed lender options significantly. The client needed a lender that understood self-employment and would consider the property’s location. Their goal was simple: secure their first home without being penalised for income type or limited deposit.
The case was particularly sensitive due to the high loan-to-value (95%), low income, and the property being located close to commercial premises – all of which many lenders consider higher risk. Additionally, the building had no ongoing cladding works, but this still raised red flags with some providers. As a self-employed applicant, proving sustainable income added further complexity. The client had limited options and was unsure if any lender would take on the case. Time wasn’t a huge constraint, but affordability and location were the two major hurdles.
We sourced a 5-year fixed-rate mortgage at 6.19% with a specialist lender known for supporting self-employed applicants and high LTV purchases. We structured the application to clearly demonstrate income stability, even at a lower level, and proactively addressed the property’s proximity to commercial units in our lender presentation. We liaised directly with the underwriter to confirm their stance on cladding, removing any potential delays. Our deep knowledge of criteria and proactive communication helped avoid an automatic decline. The client was guided step by step, with minimal stress or confusion.
The mortgage was secured at 95% LTV, allowing the client to move forward with just a 5% deposit. Despite location concerns and income level, we locked in a 5-year fixed product that gave the client long-term payment certainty and peace of mind. There were no hidden fees or last-minute issues, and the lender was comfortable with the property type and structure. The client was relieved and excited to step onto the property ladder in such a central location. This mortgage made homeownership possible when they thought it wasn’t.
Self-employed clients with smaller incomes can still get on the property ladder – if their case is structured properly. Properties near commercial buildings or with previous cladding issues don’t always mean “no” – but they do require the right lender and communication. High LTV lending is still possible in 2025, but working with a broker is key. Our advice: don’t assume you’re not eligible – ask the right expert before ruling yourself out. It’s not just about ticking boxes; it’s about presenting the full picture.
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