Case Study: 4-day mortgage offer for first-time buyer and key worker

See our residential mortgage products and how our technology can make every mortgage simple here.

Location: Tilbury

LTV: 85.60%

Loan amount: £141k

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A key worker looking to purchase their first home selected one of our key worker products. 

This was an interesting case for our underwriters as the individual had a history of missed payments, including credit card arrears from earlier this year. 

They also needed to use her combined mixed income from her main job as a nurse, as well as additional income from the nurse bank. 

A dedicated underwriter worked alongside the broker, and the case was offered within 4 days of the valuation fee being paid, as we were able to take 100% of their combined income for affordability and still process the mortgage as a Tier 0, despite credit history. 

James Gordon, the underwriter for this case, said: 

“This is a great advert for the speed at which our technology enables cases to move quickly. On paper, this applicant may struggle to get a mortgage elsewhere, but by working closely with the broker, understanding the customer and our criteria that supports us to be flexible around income and past arrears, we were able to get her the mortgage she wanted.

“Getting the case offered in four days is something we aspire to with every deal, and would be impossible without the speed with which the portal enables us underwriters to progress cases.”

See our residential mortgage products and how our technology can make every mortgage simple here.

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LendInvest Mortgages and LI Mortgages are registered trading names of LendInvest Loans Limited.

LendInvest Loans Limited is authorised and regulated by the Financial Conduct Authority (FRN:737073).

LendInvest Loans Limited is a company registered in England & Wales (Company No. 09971600) and is a wholly owned subsidiary of LendInvest plc.

Regulated lending is provided via LendInvest Loans Limited (Company No. 09971600). 

Borrowing through LendInvest Loans Limited involves entering into a regulated mortgage contract secured against property.

Your property may be repossessed if you do not repay your mortgage in full.