Kent Reliance for Intermediaries recently helped a footballer with a complex income history to secure their dream home.
The case was brought to Kent Reliance through Joshua Lee of The UK Adviser, and was worth over £450,000.
The customer was a professional footballer who has been with their current club for three years, however, their current contract was due to expire in only 18 months.
The customer, looking for a maximum 25-year mortgage had been turned down from other lenders over concerns about their age in relation to the mortgage term, the sustainability of their income and the amount of work that was required on the property.
This was despite the customer having £700,000 in liquid savings available, after the deposit and refurbishment costs had been paid.
The deal was accepted on an interest only basis over a 23-year term at 85% loan-to-value (LTV).
The broker had indicated that other lenders were looking to cap interest at 50% to 65% LTV.
Adrian Moloney (pictured), group intermediary director, Kent Reliance for Intermediaries, said: “A case such as this really does show that by digging that little bit deeper, we’re often able to find the details that can make the difference between a case being accepted or being rejected.
“Alongside this, having our in-house underwriting team part of the journey from the outset, could save time and help iron out any potential challenges that could arise.”
Joshua Lee, mortgage adviser at The UK Adviser, said: “The challenges in this case meant many lenders closed the door without a second glance with the exception of Kent Reliance for Intermediaries.
“Their conversational approach means they looked beyond what was in front of them and explored opportunities that would support an application.
“Working with Gareth Haywood (business development manager) on this gave great insight into what can be done when looking outside of the box and how their teams work together to get cases to completion.”
