Mortgage Success with Active Mortgage – Morag Brand
Challenges
Self-Employment Duration: Morag had been self-employed for a decade, but due to living outside the UK, she only registered her business officially about 18 months ago. This posed a challenge when applying for a mortgage as many lenders typically require two years of self-employment history.
Initial Rejection from the Bank: Morag initially turned to her long-time bank for mortgage assistance, hoping that her history with the bank would facilitate the process. However, her bank rejected her application, citing the lack of two years of self-employment history.
Suggested Alternative Employment: Shockingly, her bank suggested that she should work in a different job, such as at McDonald’s, for three months to provide the required payslips to be eligible for a mortgage. This solution was impractical and frustrating for Morag.
Time Constraints: Morag and her partner were under pressure to secure a mortgage quickly because the seller of the house they intended to purchase had a specific timeline. This added an additional layer of stress to their situation.
Our Solution
Desperate to find a better solution, Morag reached out to her network for recommendations on reliable mortgage brokers. Active Mortgage, led by Gary and his team, was a recurring name that she heard from friends and colleagues. Morag decided to contact them and was provided with a wealth of information.
Results
Thorough Information: Morag was sent detailed information that not only answered her questions but also instilled confidence in the team’s expertise.
Professionalism and Proactiveness: From the very beginning, Active Mortgage displayed professionalism and proactiveness. They were responsive, ensuring that Morag was updated regularly. The team understood the time-sensitive nature of her case and acted accordingly.
Stress Reduction: Active Mortgage’s support significantly reduced the stress Morag and her partner were experiencing throughout the mortgage application process.
Successful Completion: Despite the complexities of Morag’s case, Active Mortgage managed to secure the mortgage in time to meet the seller’s deadline, allowing Morag and her partner to move into their dream home.
Conclusion
Morag Brand’s experience with Active Mortgage is a testament to the brokerage’s commitment to their clients. Despite facing seemingly insurmountable obstacles, Active Mortgage’s expertise, professionalism, and dedication helped Morag achieve her goal of homeownership, even when her own bank had turned her down.
