A business owner running a limited company wanted to remortgage their home while consolidating personal debt from property renovations.
Their goal? Reduce monthly outgoings by merging unsecured commitments with their mortgage. However, their financial complexity made securing the right mortgage a challenge. After researching and reading positive reviews, they turned to Connely Roberts Mortgage Services for expert guidance to secure a mortgage reflecting their business’s true financial strength.
The biggest hurdle? A temporary dip in profits due to business reinvestment. While positioning the business for future growth, this made lenders hesitant. Most averaged the last two years’ profits, significantly reducing borrowing potential.
Previous brokers focused solely on taxable income, leading to unsuitable mortgage options. Additionally, the client faced high credit utilisation and an unfavourable debt-to-income ratio, leaving them stuck on a high standard variable rate while managing multiple debts.
At Connely Roberts Mortgage Services, we took a tailored approach, thoroughly reviewing the client’s financial documents.
From consultation to mortgage offer, the process took just over three weeks—an impressive turnaround given the complexities.
Leveraging strong lender relationships, we minimised delays and kept the client informed. Our direct access to decision-makers ensured clear communication and avoided unnecessary back-and-forth.
Unlike previous brokers who applied rigid income calculations, our strategic approach made all the difference.
The client successfully remortgaged their home and consolidated their debts into a single, lower monthly payment, significantly easing financial pressure. This restructuring provided financial stability, allowing them to focus on business growth without high monthly outgoings.
The client was thrilled with the expertise, efficiency, and personal attention received. Compared to previous brokers, Connely Roberts Mortgage Services provided a strategic, client-focused service. When asked if they would recommend us, their answer was a resounding yes. They valued working with mortgage advisors who truly understand business ownership complexities and lender criteria.
This case highlights Connely Roberts Mortgage Services expertise in tackling complex mortgage challenges for business owners. Our deep understanding of lender criteria and hands-on approach ensure the most suitable solutions for our clients. If you’re looking for expert mortgage advice tailored to your situation, Connely Roberts Mortgage Services is here to help. Speak to a member of the team today.
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