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  • Writer's pictureMatthew Pigrome

Mortgage321 Case Study: Property Purchase "Thinking Outside the Box" to Overcome Deposit Challenges

Updated: Nov 29, 2023

In the world of property purchases, challenges are a common occurrence. But what happens when a client faces a unique situation that requires a bit of creative problem-solving? In this case study, we'll explore how Mortgage321 helped our client navigate a complex scenario by thinking outside the box. Their story showcases how innovative solutions can make all the difference in achieving homeownership dreams.

The Challenge:

Our clients were eager to purchase a property in Luton, Beds, however their journey encountered a series of unexpected hurdles. One of the primary challenges was demonstrating the source of their deposit funds. Our client's Limited Company, had financial complexities that made it challenging to provide the standard documentation required for a mortgage.

Unlocking Homeownership: Our Clients Success Story

The Solution:

Mortgage321, stepped in to find a solution that would allow our clients to move forward with their property purchase.

  1. Collaborative Communication: The first step was clear communication. Mortgage321 initiated a productive dialogue with our client, their accountant and the client's conveyancing team. Everyone needed to be on the same page to devise a tailored solution.

  2. Accounting Expertise: The client's accountant played a crucial role in this process. She provided documentation to support the source of deposit funds, addressing the concerns raised by the mortgage lender. Her expertise was instrumental in demonstrating that the deposit funds were from personal income rather than being tied exclusively to our client's Company.

  3. Innovative Thinking: When faced with the challenge of demonstrating the source of deposit funds, Mortgage321 didn't settle for conventional methods alone. They explored innovative approaches and used existing resources to meet the lender's requirements. This involved compiling a comprehensive set of documents, including HMRC Tax Calculations and Tax Overview documents, which showcased the financial stability of our client's Limited Company.

  4. Open Collaboration: Mortgage321 maintained open and transparent communication with the conveyancer. We ensured that the solicitor had all the necessary information promptly. This streamlined the process and minimised delays.

The Result:

Thanks to the collaborative efforts of all parties involved, including our client's cooperation and their accountants financial expertise, Mortgage321 successfully navigated through the challenges. We provided the lender with the required documentation to confirm the source of deposit funds.

The conveyancer signed off on the deposit funds source requirement, and the purchase process moved forward. Our clients are now well on their way to realising their dream of homeownership in Luton, Beds.


Our clients journey highlights the importance of thinking outside the box when faced with unique challenges in the property market. Mortgage321's innovative approach, combined with open communication and collaboration, made it possible for this couple to overcome obstacles and achieve their homeownership goals.

This case study demonstrates that, with the right team and creative problem-solving, even the most complex situations can be resolved. It reinforces the idea that unconventional challenges often call for unconventional solutions, and when you have a dedicated team by your side, homeownership dreams can become a reality.

Ready to turn your homeownership dreams into reality, even in the face of unique challenges? Contact Mortgage321 today, and let us help you navigate the path to your new home with innovative solutions and dedicated support.


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