Securing A Mortgage For A Self-Employed Client With A Loss On Their Accounts
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Our client, an experienced property investor with several buy-to-let properties, was looking to purchase a new residential home. As a business owner in the daycare nursery sector, they had successfully expanded their business over the years.
While the client had a strong financial history, their latest company accounts showed a loss due to a significant business expansion – acquiring 11 additional nurseries. Despite having four years of solid profits and a clear rationale for the temporary downturn, they struggled to find a lender willing to approve their mortgage. After
approaching four other brokers without success, they were starting to lose hope.
Recognising the client’s long-term financial strength, we leveraged our expertise in self-employed mortgages to find a lender willing to take a holistic view of their business performance. By presenting their previous track record and demonstrating the strategic nature of the recent loss, we secured an 80% loan-to-value (LTV) mortgage.
The client was amazed that we were able to secure a mortgage despite the apparent challenges in their accounts. After multiple unsuccessful attempts with other brokers, they were relieved to finally have a solution that allowed them to move forward with their purchase.
This case highlights our expertise in securing mortgages for self-employed clients with complex financial backgrounds. While other brokers saw a barrier, we saw an opportunity to present the full picture – ultimately securing the right outcome for our client.
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