We're no stranger to difficult cases. Don't believe us?
Read on.

All Clear For Doctors

When two medics wanted to buy the home of their dreams it was complicated. Their latest year’s income had increased from £29,209 to £320,337 and they had to raise capital from their existing home and turn it into a buy to let as it hadn’t sold.

The broker knew about The Mortgage Lender but had only placed one previous case with us in 2019. A conversation with our business development manager, David Venn, who explained our self-employed proposition, gave the broker all the reassurance she needed, and an application was on its way two weeks later.

The two doctors, one a specialist eye doctor, had employed and self-employed income. And because we don’t average we were able to lend based on their latest earnings and help them raise capital from their existing home as it transferred to a buy to let.

The capital combined with savings gave them the £312k they needed for a 25 per cent deposit on their new home, priced at £1.246m. A two-year fix at 3.31 per cent for the remaining £934k secured the keys to the house of their dreams.

We’re not anti-social

A 23-year-old Glasgow-based vlogger was making her money from a make-up and lifestyle vlog she’d seen blossom in the previous 12 months. Here at The Mortgage Lender HQ we put our noggins together and helped her secure a £240,000 mortgage at 80% LTV. We took the view that working as a vlogger was a sustainable occupation and offered her the loan on a 2.96% two-year fixed-rate deal. She got the mid-terraced house she’d always wanted and we got this nifty little story to tell. Result.

A perfect match

Despite having significant earnings — we’re talking a premier league wage — this footballer found it difficult to get a mortgage as he was considering early retirement. As a youthful footballer and non-UK national we decided to lend him £840,000 at 70% LTV. We offered him a rate of 3.39% on a two-year tracker with evidence of four years’ income on a fixed-term contract. Thanks to our assistance he was able to secure the detached house he wanted. Back of the net.

Plain Sailing

This 30-year-old had employed his 34-year-old wife to help run his business, but they only had one year of accounts. We delved in to his history and found that his ex-military background meant that his expertise was in high demand, so we had no problem lending them the money. The couple had evidence of one year’s income and borrowed £580,000 at 77% LTV on a two year fix at 2.52%. They got the house they wanted and could sail happily into the sunset. Metaphorically of course.

Penalty, what penalty?

Despite having a hefty deposit, this football manager couldn’t get a mortgage on the basis of standard underwriting. But we aren’t your standard mortgage lender. We found that he had been on a full-time managerial contract with an English Championship club since 2013. That sounded pretty good to us, so we stepped in and lent him £440,000 with an 80% LTV. We gave him a 2.96% two-year fixed rate and he was able to buy the detached house his heart desired. With three years’ income from his fixed-term contract and a high profile within the beautiful game, we were confident he could realistically secure future employment, enabling pay back of the loan. With that weight lifted from his shoulders, he could focus on getting his team promoted. 

Market(ing)

Difficult cases? We rub our hands together and get stuck right in. When faced with a 49-year-old marketing manager with accounts dating back just one year, a lot of other lenders might have shied away. Not us. We decided that her track record in the industry — several contracts in recent years with global brands — Meant we were confident in providing her with a mortgage. We gave her a loan of £352,750 at 84% LTV on a 5.85% two-year fixed rate.

On the nose

After an extremely fortunate year that saw him double his income, this successful jockey was looking for a mortgage to buy a detached house. The fact that he had adverse credit was proving to be a bit of a fence in his path, but we encouraged him to keep riding and jump on over. We lent him £770,000 at 70% LTV with a 5.07% two-year tracker rate. Now there’s some numbers to be proud of.