Client Profile 

Client who went Self Employed just before Covid and found themselves in a situation that resulted in adverse credit.

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Age: 47 

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Occupation: Medical Services and Testing 

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Location: Southfields, London

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Financial Situation 

The client had a difficult time during Covid, resulting in bad credit.

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The Challenge 

Many lenders said no because of the client's credit report. Additionally, they wanted to buy a studio of which many of the lenders for adverse credit would not lend on. The client had worked previously with other brokers who had claimed to be specialists in adverse lending. Unfortunately, this only resulted in them losing a large sum of money in fees, wasted time in negotiations, and ultimately, being told that the lenders could not help. 

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Our Solution 

Firstly, we needed to obtain a comprehensive and detailed understanding of the client’s needs as well as a thorough understanding of their credit report to be able to find the lenders who would possibly take on the case. Our strong relationships with specialist lenders and the ability to look at over 70 options meant that we could find a suitable solution.

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Results Achieved 

We were able to find a lender at a much better rate than the client had been quoted before. Additionally, they agreed to lend on the property as well as be ok with the adverse credit report. Our extensive

experience and knowledge in helping clients with adverse credit helped this buyer become a homeowner.

 

Why Choose Prestige Private Finance?  

We provide a comprehensive deep dive into what is needed with a full understanding of all the issues involved, resulting in a bespoke solution tailored to you. 

 

Are you facing a similar mortgage challenge? Contact us today for a personalised solution that prioritises your financial wellbeing.