Darren Street, a regulated advisor at the brokerage, helped an employee to sort the situation and access funds from a different bank.
Darren placed a case with Halifax on behalf of his client after she was unable to secure a mortgage from the bank that she worked at. The mortgage was rejected due to a number of defaults five years ago, the result of a one-off event. Since this time, the client has handled her financial situation very well, but the defaults are still impacting her today.
When submitting the FMA to Halifax, Darren highlighted the previous issues clearly. A number of conversations, letters and further supporting documentation items were needed, but once these had all been received, Halifax were happy to proceed. Darren’s client was over the moon with his work, and the work of Your Mortgage Plus.
Darren forewarned his client, when she came to the mortgage broker franchise for help, that she might have to take out a loan with a less traditional lender, more accepting of bad credit in return for higher monthly payments and interest rates. She was accepting of this possibility, but thankfully, Darren was able to avoid this outcome. In fact, the client ended up with a lower interest rate than anything offered by the bank she worked for, regardless of criteria.
If you, like Darren, feel you would be suited to a role as a mortgage broker, helping people through the difficult financial process, consider becoming a Your Mortgage Plus franchisee. The initial investment cost is just £9,995, with total investment costs of £19,995. To find out more about the brokerage, visit Your Mortgage Plus’s Point Franchise profile page, which you’ll find linked above.
Lily Sweeney, Point Franchise ©
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