Case Study: Quick Mortgage Solution for a Complex Situation

At Norton Broker Services, we pride ourselves on finding tailored solutions for every client, no matter how complex their circumstances. Here’s how we helped a 43-year-old client secure a mortgage quickly and efficiently, overcoming potential affordability challenges.

The Challenge

Our client wanted a mortgage in his name, as the property was owned solely by him. However, affordability was a hurdle, as many lenders required the inclusion of household income (his wife’s), to meet their criteria. This could have led to a declined application with many mainstream lenders.

Our Solution

After an in-depth fact find on the same day the enquiry was made, our advisor identified potential lenders willing to consider the case. Following discussions, we found a lender that could accommodate the client’s needs and offered a competitive product which the client was happy to proceed with the very next day.

The Result

Speed was critical in this case. Here’s the timeline of events that showcases our efficiency:

• 17th October: Client enquiry received, fact-find completed, and lenders sourced.
• 18th October: Lender and product recommended; client approved and returned documents.
• 22nd October: Application submitted to the lender.
• 23rd October: Lender approval received.
• 28th October: Solicitors instructed by the lender.
• 29th October: Mortgage offer issued.
• 4th November: Funds released — completion achieved in just 12 working days.

The Product

The client secured a £25,000 mortgage over 60 months on a 5 year fixed rate of 4.05%, ensuring stability and affordability for the duration of the term.

Why This Case Stands Out

This case highlights our ability to act quickly and efficiently, ensuring the best outcome for our clients. By leveraging our lender relationships and deep industry knowledge, we navigated a potentially tricky scenario with precision and speed.

At Norton Broker Services, we deliver solutions tailored to clients' unique needs.

Need help with a complex case? Get in touch.

01709 321665 | broker.services@norton-finance.co.uk