For Intermediaries Only

The dream of owning a first home is becoming increasingly challenging for many in the UK. 

Aspiring homeowners are in front of a variety of hurdles, from the daunting climb to save a sufficient deposit amidst rising rents and a high house price-to-income ratio, to navigating fluctuating interest rates and the complexities of mortgage applications, often with limited or imperfect credit histories. 

For the self-employed who want to buy their first home, their path presents more unique challenges layered on top of the already significant hurdles faced by all first-time buyers. In stark contrast to the more straightforward traditional employment verification process, lenders typically require several years of tax returns and business accounts to assess income stability.

At LendInvest, we’re committed to the notion that everyone should have the opportunity to purchase their first home. While many High Street lenders would pass, we have created our Residential Mortgage product range to include those with adverse credit histories and unique income situations, including the self-employed.

How We Cut the Complex for a Self-Employed First-Time Buyer

A broker came to LendInvest to help their client purchase her first home, a large 3-bedroom home in a rural area near Bedford. 

The client is self-employed and operates a limited company, working as a registered nurse. We were able to base the affordability on her business’ most recent years’ figures and use the net profit and salary as the client is the sole shareholder of her business.  

While the client did carry an adverse credit history including defaults, CCJs and arrears on unsecured credit, she was still eligible for a mortgage with LendInvest due to the way we tier our products. 

In the end, we were able to secure a loan for £235k and the client was able to finalise the purchase of her first home.

How to Cut the Complex with LendInvest

We understand that not every aspiring home-buyer fits into the “traditional” mould of High Street lending. That’s why we’ve built features into our Residential mortgage products that can support the real scenarios that people face in everyday life. 

We also know that there is no “one-size-fits-all” approach to modern lending; your clients may experience more than one circumstance. We can Cut the Complex from:

• Self-employed
• Key workers
• Complex income streams
• Qualified professionals

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

Ready to help your client Cut the Complex and buy their first home? Reach out today or get started in our Mortgages Portal.

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.