Our client is a self-employed IT contractor and director of a limited company in Wokingham. He works on a day-rate basis through his limited company and has built up some bad credit over the years, which has led to some challenges getting a remortgage.
At Simmonds Mortgage Services, we’re well-versed in adverse credit mortgages and have worked with many self-employed clients with complex income situations. Our client saw our expertise and was ready to take the next steps.
Understanding the challenge
Our client needed to remortgage to consolidate unsecured debts and lower his monthly outgoings. However, being self-employed with variable income and recent credit challenges meant that he had already been turned down by a high street lender.
After months of waiting and getting nowhere with a previous advisor, he was understandably frustrated and financially stretched.
The solution
We began by carrying out a full review of his financial and credit profile to understand where his finances currently stand and his future goals. By calculating his borrowing potential using the contractor day-rate method, we were able to present a clearer and stronger case to potential lenders.
Our next step was to approach a lender experienced in handling complex self-employed cases and credit profiles. We supported our client from start to finish, liaising with the lender, gathering the right documents, and keeping them updated every step of the way.
We secured a debt consolidation mortgage that brought the client’s monthly costs down and helped him feel back in control of his money.
The outcome
- Mortgage approved in record time
- Debts consolidated into manageable monthly payments
- Monthly outgoings reduced by over £1,000
- Full support and communication throughout the entire mortgage process
A message from the client:
I recently had the pleasure of working with Andrew from Simmonds Mortgage Services, and I can’t recommend him and the team highly enough. From our very first meeting, Andrew demonstrated a deep understanding of the mortgage landscape and took the time to listen to my financial goals and concerns.
Their approach was highly personalised; they didn’t just push generic solutions. Instead, they provided tailored options that suited my unique situation. What impressed me the most was their ability to simplify complex terms and processes, making everything easy to understand.
I had previously wasted months with another local ‘Mortgage Advisor’ who clearly couldn’t be bothered to deal with a less-than-perfect mortgage application. Even after confirming he would take it on, he failed to follow it through — something that Andrew managed to do in record time!
Communication was another strong point. The team were always available to answer my questions and kept me informed every step of the way. Their attention to detail gave me real confidence.
If you’re looking for a mortgage advisor who is knowledgeable, patient, and dedicated to their customers, look no further. Simmonds Mortgage Services truly go above and beyond. I wouldn’t waste time with anyone else.
Simmonds Mortgage Services: More Than Just Mortgages
At Simmonds Mortgage Services, we specialise in helping clients with complex situations, from self-employed individuals to those with credit challenges or multiple properties. We understand that every client’s story is different, which is why we focus on finding the right solutions and bringing peace of mind.
If you’ve recently been turned down elsewhere or need help finding the right mortgage for your needs, let us help. Call us on 01184 693 037 or book a meeting with Simmonds Mortgage Services today to see how we can help you get the mortgage you deserve.