Using Property Wealth to Fund a Fresh Start | Client Success Story

At Prestige Private Finance, we know that every mortgage case tells a story. Sometimes, securing finance is about much more than finding the right lender. It is about understanding a client's circumstances, providing reassurance and helping them take the next step with confidence.

This recent buy-to-let remortgage case is a perfect example.

The Challenge

Our client had recently returned to the UK from France following a separation from her husband. She moved back into a property she owned in London, which had previously been let to tenants.

As she settled back into life in the UK, she wanted to purchase a new home on the south coast of England. To make this happen, she planned to use funds from the sale of her property in France, alongside capital released from refinancing her London property.

The challenge was that she had only recently become eligible for her State Pension. Although she had written confirmation of her pension entitlement, her first payment was not due until the month after the mortgage application would be submitted.

She had savings and investments in place, but no other income available for the application. Naturally, she wanted as much certainty as possible before committing to the next stage of her plans.

The Solution

Mortgage Adviser Edward Stephenson took the time to fully understand the client's financial position and long-term plans before exploring the most suitable lending options.

After discussions with a lender that did not have a minimum income requirement for buy-to-let applications, it became clear that there was a potential route forward. The lender was willing to consider the client's forthcoming State Pension income, supported by written confirmation, alongside her wider financial position.

Importantly, the client also had substantial savings and investments that would remain untouched after completing her planned property purchase. This helped demonstrate that she had the financial resources available to manage the mortgage if the property experienced periods without rental income.

To provide additional reassurance, Edward sought pre-application approval from the lender's underwriting team before submitting a full application. This gave the client greater confidence in proceeding, knowing that the lender had already reviewed and supported the proposed case.

Once the pre-application approval was received, the full mortgage application was submitted.

The Result

The application was successful and a formal mortgage offer was issued.

The refinancing allowed the client to release the capital she needed to support the purchase of her new home on the south coast, bringing her plans firmly within reach.

For the client, the outcome meant far more than securing a mortgage.

When Edward called to share the news that the offer had been issued, she became emotional and expressed just how much the result meant to her.

She said: "I can now move on with my life."

After navigating a significant period of change, she finally had the certainty she needed to move forward and begin the next chapter of her life.

Why This Story Matters

Cases like this highlight the importance of looking beyond standard lending criteria and understanding the full picture.

Many clients worry that unusual circumstances, a recent move back to the UK or limited current income will prevent them from securing finance. In reality, the right lender and the right advice can often make all the difference.

At Prestige Private Finance, we take pride in finding solutions that work for our clients' individual circumstances, helping them achieve their property goals while supporting their wider financial wellbeing.

Need Mortgage Advice?

Whether you're considering a remortgage, looking to release capital or navigating a more complex set of circumstances, our team is here to help.

Get in touch with Prestige Private Finance to discuss your options and discover what may be possible.