The Client
A 100% shareholder and director of a world-class design agency with offices in London, Los Angeles, and Melbourne. The client was seeking a £994,000 mortgage on a £2.8 million property purchase but had encountered difficulties because a previous year’s accounts had shown a drop in profits due to reinvestment and expansion into the US market.
The Challenge
- Lower profits in a previous year meant the application initially fell outside lender’s criteria and affordability limits.
- Expansion and reinvestment made traditional underwriting cautious
- A timely and effective solution was essential, as another broker had been working on the application for nearly a year, and the client was still awaiting final approval from a different lender.
The Solution
We leveraged our access to a lender’s high loan team and engaged directly with the underwriter. Using the client’s 2025 financial statements, we demonstrated:
- A substantial increase in profits due to the acquisition of larger contracts and onboarding of higher-value clients
- Enhanced marketing strategy and a more effective sales funnel driving stronger performance
- Forecasts showing turnover and profitability expected to exceed the previous year’s figures
By presenting this detailed and up-to-date financial information, the lender’s underwriter was satisfied that the client’s income could comfortably support the mortgage.
The Result
- Mortgage offer secured in just two weeks from application to approval
- Client delighted with the speed and outcome
- Highlights the importance of up-to-date financial evidence and direct communication with underwriters for complex applications
Why This Matters
For business owners with fluctuating profits due to expansion or reinvestment, a proactive approach is essential:
- Provide the latest accounts and forecasts to show financial strength
- Engage directly with lenders or specialist underwriting teams
- Well-prepared applications can turn challenging mortgage scenarios into fast approvals, even for large loans
