First-Time Buyers Secure Mortgage Despite Recent Default
A customer success story
Default Details
£233
Satisfied 3 months
Deposit & Income
10% / £100k+
Joint income strong
Approval Speed
9 days
From application
The Clients & Goal
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Clients: Couple, ages 32 & 31, first-time buyers with a 1-year-old daughter
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Goal: Purchase a residential property with a 10% deposit
The Challenge
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Default: One communication default of £233, just over a year old, satisfied 3 months prior to application
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Financial Complexity: Large student loan salary deductions
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Income: Single income each, joint annual income £100k+
The Solution
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Broker Expertise: Identified a mid-tier building society (Skipton Building Society) that allows small recent defaults if satisfied and under £500
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Affordability: Emphasised strong joint income from two stable full-time jobs to strengthen the application
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Mortgage Detail: Successfully approved despite the recent default
The Outcome
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Term: Standard mortgage term (not specified)
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Timeline: Approved in 9 days, including valuation
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Comment from Jordan: “It’s possible to secure a mortgage with a very recent default, depending on the circumstances. Our aim was to paint the full picture and find a lender willing to understand the situation.”
We'll call you
Our team will aim to get back to you within 24 hours.
0330 0945876 local rate.
[email protected]
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