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  • Writer's pictureMatthew Pigrome

Case Study: "Thinking Outside the Box" Enabled Our Self-Employed Client to Secure Their Dream Home

Updated: Nov 6, 2023

Purchasing a new home is often one of life's most significant milestones. It's a journey filled with excitement and anticipation, but it can also be fraught with challenges, especially when faced with unique circumstances. Our clients found themselves in just such a situation, and their story is a testament to how creative solutions and a dedicated mortgage partner can make the dream of homeownership a reality.

The Challenge: A Complex Financial Landscape

Our clients were in pursuit of their dream home, a place where they could start the next chapter of their lives. However, their financial situation presented some unique challenges. Mr was self-employed, but he had only been in this status since April 2022, which meant he had just one year of accounting information available for the mortgage application. He also had some issues with his credit profile, including multiple defaulted credit accounts. It was a complex financial landscape that required creative thinking and a tailored approach.

Turning Homeownership Dreams into Reality with Mortgage321's Unique Solutions

The Mortgage Partner: Mortgage321

Enter Mortgage321, with a reputation for thinking outside the box and finding solutions where others might see roadblocks. Our dedicated team took on our client's case with enthusiasm, determined to help them secure their dream home.

Thinking Outside the Box: Tailored Solutions

The first step in this unique journey was to assess the couple's financial situation thoroughly. We recognised that traditional lenders might not be the best fit given their circumstances. Instead, we tapped into our network of specialised mortgage providers who could offer tailored solutions.

Creative Approach 1: Specialised Mortgage Products

One of the key strategies was identifying specialised mortgage products designed for clients with non-traditional financial profiles. Mortgage321 worked diligently to match our client with a lender who understood their situation and could provide the necessary flexibility.

Creative Approach 2: Extensive Online System

Mortgage321 utilises an extensive online system that enables us to source lenders and products efficiently. We searched tirelessly for the right fit for our client, even when initial automated searches came up empty.

Personalised Service: Going the Extra Mile

Beyond the automated processes, we provided our clients with personalised service and support throughout the journey. We communicated regularly and transparently, ensuring they understood every step of the process and felt confident in our ability to navigate the complexities of their case.

The Result: A Dream Realised

Through the combined efforts of our client's determination and Mortgage321's creative problem-solving, we were able to secure a mortgage agreement with Precise Mortgages for £270,000. This agreement was based on a purchase price of £570,000 and was subject to valuation, standard underwriting, and the repayment of all outstanding credit commitments on Miss's credit profile.

Looking to the Future

Our client's story highlights how unconventional situations can lead to innovative solutions when you have the right mortgage partner by your side. Mortgage321 was thrilled to play a part in helping this couple secure their dream home, and we look forward to helping others do the same in the future.

If you're facing a unique financial situation or have challenges with your mortgage application, consider partnering with Mortgage321. Our team is committed to thinking outside the box to find the best solutions for your homeownership dreams.

Your unique circumstances are not roadblocks; they're opportunities for creative solutions.

Contact Mortgage321 today and let's explore the possibilities of securing your dream home.

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