Securing a long term mortgage for a professional sportsman & contractor partner
What was the situation?
My professional sportsman client and their partner were looking to purchase their first property in south west London. It was a lovely terraced property, that offered enough room for their family to grow in the future.
What was the issue?
Due to nature of my client’s profession, many lenders would only take the mortgage term up to age 35, viewing this as an assumed retirement age.
The second applicant had only recently become a contractor also in a change of employment status, so many lenders would not accept their income.
What was the process?
Using prior knowledge of securing finance for this type of client, and my network of lender relationships, I was able to discuss my clients application with underwriters directly at the lenders who could understand and appreciate nature of my clients income.
One of the key aspects of gaining lender confidence was clearly presenting my clients plan to generate income post current professional sports career.
What was the solution?
In discussing the case with the underwriters, I was able to secure a mortgage that extended beyond my client’s professional sports career, therefore giving them ample time to build an income once their sports career had ended.
This allowed the clients to purchase their dream, safe in the knowledge that the mortgage term ending won’t be a factor.
At LDN Finance we’re here to help you find a solution – no matter how complex your circumstances. Our expert brokers have extensive experience in providing creative solutions to secure large loans for our clients.
We work closely with our trusted network of private banks and both high street and specialist lenders to arrange bespoke mortgage arrangements to suit your circumstances at competitive, market-leading rates.
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Testimonials
Our happy clients
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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