An existing client of Elysian finance was looking to re-mortgage his current residential property onto a much better interest rate.
He’s a self-employed IT contractor and has recently changed his employment status to limited company director. He has been contracted to one company for 2 years on a series of fixed term contracts but his current contract was expiring within 2 weeks and he did not have a new one in place.
Whilst other high street lenders wanted to see a future contract before they would approve a loan, we researched our lender panel and found one who would look at his track record of employment and approve the loan.
We were able to ensure the client did not revert to their lenders standard variable rate and also saved him over £200 per month.