Business Owner Secures £585K Mortgage to Buy Property He Was Renting.
The latest industry news and guides from Active Mortgages.
The latest industry news and guides from Active Mortgages.
A business owner came to us with the goal of purchasing the property he had been renting for several years.
With a purchase price of £735,000, he needed to borrow £585,000 to make the deal work.
His income structure included £170K in dividends and £200K in net profit, but he wasn’t sure how to present that in a lender-friendly way.
He wanted to secure the deal without disrupting his business or facing unnecessary delays.
This case stood out due to a few key complexities:
The client was self-employed with non-salaried income, relying on dividends and net profit.
At 61 years old, he needed a mortgage term extending to age 80, which many lenders wouldn’t offer.
He was also purchasing a high-value property without a traditional salary, which limited options.
We needed to find a lender comfortable with his income structure and long-term repayment window.
We recommended a fixed-rate product at 4.22% over 19 years, with a competitive £999 fee.
Our team packaged the application with full accountant commentary to clearly show affordability using dividends and net profit.
We matched the case with a lender known for flexible criteria around age and self-employed income.
By handling all lender communication directly, we ensured a smooth process and removed any ambiguity around earnings or age.
The result was a tailored product that suited both his financial situation and long-term goals.
We successfully placed the mortgage with
HSBC, one of the few mainstream lenders willing to lend up to age 80 in this scenario.
Key benefits included:
A fixed rate for certainty in repayments.
A 19-year term tailored to the client’s age and needs.
Acceptance of dividends and net profit as qualifying income.
The client was thrilled to become the owner of the property he’d been renting – and to do so on his own terms.
If you’re self-employed, how you present your income is everything.
Age doesn’t have to be a barrier – if you know which lenders are flexible.
Renting long-term? Buying could be a smarter move – and we’ll show you how.
This case shows that with the right advice, even complex borrower profiles can unlock high-value mortgages with confidence.
Book a call with one of our team to talk about your requirements.
