Case Study

Helping the self-employed and seniors to secure a mortgage

The Problem

John & Sue wanted to re-mortgage their current home onto a buy-to-let and buy another property nearer their children.  John was 77 and Sue was 72.  They had faced many challenges with previous banks and Brokers because they were self-employed, had significant unsecured debts and were over the age of 70.

The Solution

Self-employment, unsecured debt and being over 70 is an immediate hurdle for most lenders. John and Sue also wanted a 15-year mortgage term to make the monthly re-payments affordable.  I managed to locate a small Building Society in the north of England that would accept their application and they received Mortgage Offers on both the BTL re-mortgage and the onward residential purchase.

The Conclusion

John and Sue were delighted with the outcome and so were their children!