Case Study

95% LTV Home Purchase Success for Borrowers with Low Credit Scores

Client Profile

  • Applicant Type: Joint First-Time Buyers
  • Income Profile: Includes one applicant receiving Universal Credit.
  • Location: West Midlands.
  • Deposit Source: Personal savings combined with a Help to Buy ISA bonus.
  • Loan-to-Value (LTV): 95%.

The Challenge

Low Credit Score

One borrower presented a complex credit history involving multiple past unsecured loans and has current active outstanding commitments.

Automated Credit Score Checks

The clients' profile will fail the internal credit scoring checks of mainstream high-street banks.

High-Risk LTV

Securing a 95% mortgage is significantly more challenging when paired with an adverse credit history.

Mining Area

The property is located in a mining area, which some lenders view as a risk.

The Goal

Bypass Automated Scoring

One borrower presented a complex credit history involving multiple past unsecured loans and has current active outstanding commitments.

High Leverage

Maintain the 95% LTV requirement despite the adverse credit and property location.

The Solution

Recognizing that a standard application would fail due to automated credit scoring, we undertook a meticulous whole-of-market search to find a lender with flexible criteria. We successfully secured a 5-year fixed-rate mortgage at 95% LTV, ensuring the clients could purchase their home despite their credit history and the property’s unique location.

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