Every customer’s circumstances are different. This illustrative example shows how looking beyond a credit score or a single event can help build a fuller picture of affordability today.
While every application is assessed on its own merits, it demonstrates the types of conversations that could be worth having with Bluestone Mortgages.
This applicant was buying their home through Right to Buy. While they had an historic default from an unintentional overdraft extension in 2021, their finances had since stabilised.
Alongside their employed role, they had built a genuine self-employed income stream as a fitness instructor. Together, these income sources gave a fuller view of their affordability and their ability to manage a higher mortgage payment than their existing rent.
Bluestone Mortgages looked beyond an isolated credit event to assess the applicant’s circumstances today. With two sustainable income streams and a low loan-to-value, we were able to support a £163,000 mortgage at 54% LTV.
The outcome: a home purchase supported by looking at the applicant’s stable position today, including both of their income streams, rather than one resolved event in the past.
Illustrative example only.
Specialist lending is about understanding people, not just data.
Our experienced underwriters take a common-sense approach, looking at the full picture rather than relying solely on credit scoring. It’s an approach that helps us support customers whose circumstances may have changed, whose finances are more complex, or whose story deserves a closer look.
We’re here to help you find solutions for the cases others might overlook.
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