Being different to everyone else can cause a few problems when it comes to getting a mortgage.
As brokers know only too well, most lenders don’t like borrowers with out of the ordinary requirements. Lenders who process large volumes of applications using credit scoring systems much prefer borrowers to conform to a standard stereotype, so that they can keep the mortgage production line rolling along.
But brokers know better than anyone else that every client is different. Some difference may be small and easily accommodated within standard lending criteria but some leave ordinary lenders scratching their heads wondering how to deal with them. And the result of such deliberations can often be ‘no’.
Which is why lenders such as Saffron have an important role to play in the mortgage market. Our approach is different and our skilled underwriters assess each and every mortgage application on its own merits.
We also have a range of products designed specifically for more unusual circumstances: landlords wanting to refurbish properties before letting them out; expats investing in property back in the UK; self-employed borrowers with only 1 years’ accounts and contractors who don’t receive a regular monthly income in the same way as their employed colleagues.
What’s more, if you happen to have a client whose needs don’t even fit our specialist products but who is nonetheless creditworthy, then we’ll happily consider developing a bespoke solution to meet their exact requirements.
At Saffron, your weird is our wonderful. We don’t wince when we see applications that are a little bit different; we welcome them with open arms. We can’t promise to say yes to each and every unusual deal that lands on our desk, but we do promise to give it our full attention and explore every option before coming to a decision.
As a broker, you need options to enable you to deal not just with the everyday applications, but also those special situations that require a more personal approach. The next time one lands on your desk, think about Saffron. We’re here to help.