The interesting case of the day rate contractor and the let to buy mortgage

Pepper Money understand that credit scores don’t tell the whole story. That’s why they review each case on its own merits.

You may have had clients where, despite their circumstances, you know they’ll be able to afford mortgage repayments but can’t get a mortgage through a high street lender.

This is what happened when Carol, a 61 year old day rate contractor failed a credit score with two high street banks. She wanted to buy her ex-husbands share of their home and let the property out. She also wanted to raise capital for a deposit on a new home.

She was looking for a lender that would lend to a first time landlord and also offer the ongoing residential purchase.

>> Find out how Pepper Money were able to help by reading the case study