This is an excellent example of how working with a mortgage broker can make all the difference for first-time buyers facing complex income and residency challenges. Thanks to specialist knowledge and early engagement with lenders, we were able to navigate limited trading history and recent relocation — unlocking options that may not have been accessible through a direct-to-lender route.
Our clients' situation
Our clients were first-time buyers with a 10% deposit, looking to purchase their first home in the UK. Although British nationals, they had only recently returned to the UK after living abroad until 18 months ago. They jointly owned a restaurant through a limited company, which they had opened shortly after relocating. As a newly established business, they only had one year of trading accounts available.
Alexander Hall's solution
This case required a deep understanding of lender criteria and a proactive approach. While many brokers might have advised the clients to wait for a second year of accounts or suggested a more expensive lender, our team explored a more tailored route.
We identified a lender with a bespoke policy that could consider the strength of the business, even though neither applicant met typical income thresholds individually. By presenting a well-packaged case and engaging in early discussions with the underwriter, we were able to highlight the business’s early success — particularly impressive given the challenges of the hospitality sector.
We also navigated the lender’s usual requirement for three years of UK address history, successfully advocating for an exception based on the clients’ British nationality and recent return to the UK. Thanks to thorough preparation and clear communication, the case went to offer within a week.
To talk to one of our advisers about your mortgage needs, call us on 08000 38 37 36 or book an appointment today.
