Our clients, a young couple who had been in the UK for just 18 months, came to us eager to buy their first home. They were living in rented accommodation and needed a 90% loan-to-value (LTV) mortgage with a 10% deposit gifted by family abroad. The couple faced challenges as Tier 2 visa holders with limited bonus history (only 1 year track record or bonus) and a salary structure that required exceeding standard income multiples—factors which can often hinder mortgage approval.

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Solution & Approach

We began by thoroughly understanding the couple’s unique financial and visa circumstances. Using our established relationships with a trusted bank, we presented a clear, detailed case highlighting their stable employment and reliable income structure. By ensuring the bank understood the full picture, we were able to secure a mortgage offer for the required amount.

Not only did we secure the necessary mortgage, but we also obtained a competitive high street rate, keeping their monthly mortgage payments affordable and in line with what they previously paid in rent. This provided them with financial stability as they transitioned from renters to homeowners.

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Outcome

This case highlights the complexities often faced by newcomers to the UK property market, where visa status, limited address history, and short bonus histories can pose hurdles. Many lenders require a two- or three-year address history in the UK, along with multiple years of bonus history, and aren’t always willing to offer high LTVs to clients on certain visa types.

However, thanks to our strong relationships with lending partners and deep industry expertise, we were able to secure an ideal outcome for our clients. We specialize in overcoming complex challenges and navigating the nuances of mortgage requirements, ensuring our clients’ applications succeed even where others might fall short.

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This success story is one of many that demonstrates our commitment to delivering results for clients in even the most challenging situations.