A Lifetime Mortgage Solution When Other Brokers Couldn’t Help
The Client Background
The client had been trying to secure equity release since September 2024, having approached four brokers before coming to Positive Lending. Each had been unable to help due to the property’s location behind a commercial unit, which significantly limited lender appetite.
The case included additional sensitivity, as the client was considered vulnerable and Independent Legal Advice was in place. The transaction also involved a remortgage, with the client’s husband being added to the mortgage and deeds.
Due to the property’s location, which restricted the market, Royal London was the only lender able to consider the case. By the time the client approached Positive Lending, they had understandably given up hope of finding a suitable solution.
The “Positive” Solution
Recognising both the complexity of the property and the importance of supporting a vulnerable client appropriately, Positive Lending took a careful and proactive approach.
Before submitting the application, we went the extra mile to strengthen the case and address potential lender concerns. The client was asked to obtain confirmation from an estate agent regarding the condition and saleability of the property, helping to evidence that the security remained suitable despite its position behind a commercial unit.
The Loan
Product: Lifetime Mortgage
Lender: Royal London
Loan Amount: £100,000
Monthly Payments: None
Term: Lifetime
Rate: 7.10%
LTV: 37%
Broker Commission: £1,282.50
Process: Positive Lending Advised
In addition, we asked the client to arrange for a tree surgeon to inspect a tree located near the property, ensuring any potential concerns were addressed upfront rather than causing delays later in the process. By anticipating lender questions and presenting a thorough, well-supported application, we were able to secure a lifetime mortgage with Royal London where four other brokers had been unable to find a solution.
The “Positive” Outcome
The client successfully secured a £100,000 lifetime mortgage with no monthly payments required, at 37% LTV.
The solution allowed the client to move forward with the remortgage, add her husband to the mortgage and deeds, and access the equity she had been trying to release for several months.
Despite the property’s unusual location and the limited lender appetite, Positive Lending found a workable route and delivered the outcome the client had been told was not possible.
“Started to try and get equity release in September 2024. I approached four brokers and each told me that my house was in a commercial area, and that no lender would consider my property. By the time I was in contact with Positive Lending, I had given up hope. But they made the miracle happen. They went the extra mile for me and found me a lender. If there were 6 stars, they would have from me.” Client review on Trustpilot
Why Choose Positive?
Later life lending can require more than simply matching a client to standard criteria. When property type, lender appetite, vulnerability considerations and legal requirements all need careful handling, specialist advice and proactive case packaging can make all the difference.
At Positive Lending, we take the time to understand the full scenario, anticipate potential obstacles, and work closely with lenders to find solutions where others may have already said no.