Finding a mortgage for my family and situation was fraught with difficulty

Dan's situation

Not only was Dan’s company expanding, so was his family. But when it came to finding a mortgage, he kept hitting a brick wall.

Dan’s situation was complex, since he needed a mortgage based on the earning potential of his company, rather than his salary.

With the help of one of our experienced mortgage specialists, Dan and his family have moved into their dream home.

At 38, Dan is a successful self-made businessman, with a determination to get things done. He launched his own insurance brokerage five years ago, and already his workforce has grown to fifty five. With the business thriving, and a young family, Dan and his partner were more than ready to move up the property ladder – several rungs in one go.

“18 months ago, we decided we really needed to move,” says Dan. “With an eight year-old and a five year-old, we were bursting at the seams. Both of us wanted to step up two levels in the size of property we were looking for, rather than move once and then upsize again in a few years.”

But he never anticipated that his profitable and growing business enterprise would turn out to be a spanner in the works, when it came to getting a mortgage.

One step forward, two steps back

But as anyone who’s ever bought a house knows, it’s never over until the new keys are in your hand. After eight months of dragging their heels and delaying, Dan’s buyer pulled out. “It looked like I was back to square one,” says Dan. But there was a silver lining. During the wait, Dan and his partner had fallen in love with a different property. It really was their dream home – but the asking price was significantly higher.

“So I had to go back to Harry and say ‘Sorry – but can you negotiate for more money and restructure the deal!”

Once again, Harry’s many years of experience in the business came to the rescue, and the mortgage was agreed for the new sum. What Dan really appreciated wasn’t only Harry’s experience, it was his integrity throughout the process. “If Harry had ever said to me at any point ‘Dan, you’re not going to be able to find a mortgage to buy the property you want, then I’d believed him and perhaps had to search for a smaller or cheaper house.”

“But I never doubted that, if anyone could find the right mortgage for us, it would be Harry.”

The family is now well and truly settled in the property of their dreams – on a private estate just five minutes’ drive from the children’s school in a highly sought-after street. “And this property has a swimming pool too,” says Dan.

“Your house is probably the single biggest investment you’ll ever make. It was brilliant to have Harry watching my back. I wouldn’t have been able to do it by myself, to be honest. “

“I’ll definitely use Harry again if I’m buying another property in the next few years – not that I’m looking to!”

Your home may be repossessed if you do not keep up repayments on your mortgage.

We offer a comprehensive range of first charge mortgages from across the market, which lenders make available to mortgage intermediaries, for which we will be paid a procuration fee by the lender. 

This is just one client’s story, and each situation is unique. The advice given to Dan by Harry was provided after a full evaluation of specific needs, circumstances and requirements, and was correct at the time it was given. The solutions provided may not be suitable for everyone, and the information provided here does not constitute advice.