Client Secures Mortgage Despite Having History Of Missed Mortgage Payments



Our client required a mortgage of £350,000 in order to purchase a residential property worth £650,000. The mortgage he required was easily affordable but due to a recent loss in the family which had resulted in our client missing a number of mortgage payments, he was finding it exceedingly difficult to locate a lender that was willing to offer him the mortgage he required.   


With access to every lender on the market and close working relationships with a huge range of banks and building societies, Private Finance’s brokers are uniquely positioned to find solutions to problems such as this where a human touch is required.    

When a client has a genuine, unavoidable, and provable reason for previously missed mortgage payments, it is often possible to find specialist lenders who are willing to assess the application pragmatically, factoring any relevant extenuating circumstances into their decision-making process.

This is precisely what our broker did on this occasion, and he was ultimately able to secure our client a two-year fixed mortgage for the full amount he required with a rate of 1.79%.


© Private Finance Limited, 2020. Private Finance provides independent mortgage advice and arranges individual mortgage solutions for clients. Private Finance is a trading style of Private Finance Ltd, 29 Lincolns Inn Fields, London, WC2A 3EG, registered in England no. 3855776 and its Appointed Representatives. Private Finance Limited is authorised and regulated by the Financial Conduct Authority (FCA registration number 310566).

Private Finance Ltd is rated 4.96 stars by based on 919 merchant reviews

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919 Reviews
I cant tell you how fabulous its been to deal with Private Finance and specifically Nathan Cole. My forte is not finance and he kept his cool during the whole process even through covid and his own personal stuff. Its been a delight! Explained things a million times when needed and not in a patronising way. Private finance will be the first people i call!
Exceptional level of service and always very quick to respond to any queries. We would highly recommend Private Finance and look forward to working with you again in the future.
Excellent service and follow up by Private Finance throughout the entire process. Highly recommend.
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