A broker approached us about their client who was looking for a shared ownership mortgage. They were worried that, he had a few missed payments on his credit card.

As we can consider missed payments on unsecured arrears, this case was reviewed by our underwriters, who took a holistic approach in examining all aspects of the client’s history to progress the application.

We also only do a soft search at AIP stage, meaning your client’s credit score won’t be affected unless it progresses to a full application.

Rent to buy – with a difference

One case that was unique, even for us, involved a client that was looking to buy the home he had been renting. He had a previous agreement with the landlord stating that he could purchase the property at a reduced price, due to the extensive refurbishment works he had undertaken, including a new kitchen and an extension. The difference in value amounted to £700k.

What’s more, the client was looking to purchase the property using profit from his limited company.