From Financial Pressure to Stability
The Situation
A couple approached us during a period of financial pressure following changes to their household income.
The husband had a mixed income structure, combining employed work with self-employed contracting. The wife was on sabbatical leave, with her sole income coming from a rental property. Compounding this, the rental property had recently been down-valued, the clients were carrying a high level of unsecured debt, and a missed credit card payment occurred during the mortgage application process.
Due to the combination of complex income, credit considerations, and loan-to-value requirements, several lenders were unwilling to proceed.
Our Approach
We conducted a full review of the clients’ financial position, income structure, credit profile, and objectives. We then identified lenders whose criteria were better suited to mixed income scenarios and debt consolidation cases.
Following a careful assessment of affordability and suitability, we structured a remortgage solution that met both the lender’s requirements and the clients’ long-term financial needs.
The Outcome
We successfully arranged a remortgage at 85% loan-to-value, consolidating £52,000 of unsecured debt into the mortgage.
As a result, the clients were able to:
- Simplify their finances
- Reduce their monthly outgoings by approximately £1,900 per month
- Move into a more sustainable and manageable financial position
This solution gave them the clarity and stability needed to regain control of their finances and move forward with confidence.
Whether your situation is “standard” or involves complex income and international variables, we are here to provide the guidance you need.