activate universal access mode

This website is for use by authorised intermediaries only. Customers should visit mansfieldbs.co.uk

Versatility case study: Right to Buy with multiple income sources and credit blips

Here at The Mansfield, we take a personal and common sense approach to borrowers’ circumstances to offer a little Versatility for complex cases. In this case study, we helped a family with a Right to Buy purchase when there were multiple income sources and historic adverse credit.

Man woman and young girl smiling

The property itself was a mid-terraced house in London. The open-market property value was £440k, however the Right to Buy purchase price was actually £327,700.

The applicants were a married couple with one child and were looking to borrow the full amount of the Right to Buy purchase price over a 20 year term.

The main applicant was self-employed with income from a shop, a partnership with brothers and background commercial Buy to Lets.

The main applicant also had a County Court Judgement (CCJ) hat had been satisfied around 10 months prior to application. The second applicant was a nursey worker who had some minor defaults dating back over a year ago.

We were able to help this family secure their mortgage on our Versatility range, considering the Right to Buy at 100% of the purchase price, the self-employed multiple income sources and the historic adverse credit.

A flexible, common sense approach

If you have a case that needs a flexible and personal approach to lending, call our Intermediary Sales on 01623 676360 or email brokers@mansfieldbs.co.uk. Lines are open Monday to Friday 9am* to 5pm (*Wednesday from 10am).

Brokers can also request a formal DIP and submit a full mortgage application via our online portal.

Share this article

Mansfield for Intermediaries

Our intermediaries website is for use by authorised intermediaries only.

Please click on the link below to proceed

Continue to intermediaries site