For Intermediaries only

When it comes to residential mortgages, an applicant’s income and credit history are the most highly scrutinised aspects of their application. However, it’s important to note that the way people earn their living has evolved over time. 

The rise of the gig economy, various types of employment structures and additional sources of income like benefits may be considered too much of a risk by some mainstream lenders. For those with various incomes, a blip on their credit profile could be the final roadblock in their journey to owning their own home. 

Brokers who have a solid knowledge of their clients’ income and credit history are better poised to support and reach out to specialist lenders like LendInvest.

We recognise that every aspiring homeowner’s situation is unique, and that’s why we take a proactive approach when it comes to adverse credit and multiple sources of income.

How we Cut the Complex for a Home Buyer with Different Types of Income

A broker approached LendInvest looking to support their client, a woman looking to purchase a home. The client was in the process of selling her current home, which she owned jointly with her ex-partner.

She will use the proceeds of the sale to purchase a new home and consolidate her outstanding debt. The client has verified employment and income, along with additional benefit income. However, she has also had a history with adverse credit. 

The broker had never placed a case with us, but as we don’t factor in credit scores, we were able to approve their client through one of our credit tiers. 

Through a combination of our Mortgages Portal and direct access to our underwriting team, we were able to work with the broker to close the deal and ensure that their client will be debt-free when their new mortgage starts.

In the end, we were able to secure funding for £142k.

How Our Residential Range Can Help Your Clients

We’ve built our residential mortgages that support the real scenarios that people face in everyday life. Much like real life, these features aren’t mutually exclusive, and we may be able to support your clients who experience more than one of these circumstances.

We can Cut the Complexity from:

• • Self-employed
  • Credit imparied
  • Complex Incomes

No matter your client’s income or credit history, we may have the right solution based on our new credit criteria.

LendInvest plc is a public limited company registered in England and Wales (No. 8146929). Registered

Office: 4-8 Maple Street, London, W1T 5HD.

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). Unregulated lending is provided by LendInvest BTL Limited (Company No. 10845703) and LendInvest Bridge Limited (Company No. 11651573), which are wholly owned subsidiaries of LendInvest plc.

Borrowing through LendInvest and its affiliates involves entering into a mortgage contract secured against property. Your property may be repossessed if you do not repay your mortgage in full.