High value mortgage for Barrister with complex income, purchasing £2m home
What was the situation?
My client, a self-employed barrister, and his family were looking to purchase a period property in central London for £2 million. They needed to borrow 85% of the property’s value.
What was the issue?
The borrower had been working on a high-profile case for several years and as it was in the public interest, he had agreed to lower his hourly rate. This resulted in reduced earnings that were reflected in his tax documents. He had spoken to another broker before reaching out to me, and they had advised they would be unable to secure the necessary mortgage due to these reduced earnings.
What was the process?
However, rather than giving up on the property they had set their hearts on, I took a different approach. I worked to demonstrate the client’s financial stability by highlighting his earnings over the last six months, after the high-profile case had concluded. Using my network of contacts, I gathered supporting documentation, including a letter from his Chambers and his recent bank statements. This evidence enabled me to assure a High Street lender that his recent earnings were sustainable and would remain so moving forward.
What was the solution?
The lender was satisfied with the income verification, and I was able to secure the full £1.7m mortgage required at a competitive, market-leading rate. As a result, my client and his family were not only able to purchase their dream home, but also to do so with monthly payments that fit comfortably within their budget.
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My fiancée and I were recommended to LDN Finance when we started our mortgage journey, and the service we have received, and continue to receive, has been outstanding throughout. Phil Levesley initially looked after us and made what can be a very daunting process feel straightforward and easy to understand. He took the time to explain everything clearly, never rushed us, and was always happy to answer any questions we had. Nothing ever felt like too much trouble. As part of the process, we also wanted to explore a number of protection policies, and Phil introduced us to his colleague,
As a returning customer, I would like to express my sincere thanks to the team for their outstanding support during the completion of my property purchase. In particular, Catherine and Darren have been incredibly helpful throughout the process. Their communication, professionalism, and customer service have been absolutely excellent, making the entire experience smooth and reassuring. Many thanks again for all your hard work.
Owen was absolutely amazing and supported me every step of the way throughout the mortgage process. He was always clear, patient, and incredibly reassuring, making what could have been a stressful experience feel smooth and manageable. Bharathy was also really helpful, promptly getting in touch and making sure all the relevant information was handled efficiently. I couldn’t be happier with the service and would highly recommend them both. Five stars without hesitation.
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