Mortgage Eligibility + Investments

Tomdarkness

Hello,
I am a self employed first time buyer looking at the prospect of getting a mortgage. With low interest rates at the moment I am currently thinking of keeping my investments (held in a stocks and shares isa/share dealing account) and putting up a significantly lower deposit which puts me at the edge of what I understand would still keep me eligible for the property value I am looking at based off my income. The investments are a significant amount of money relative to the value of the property. Essentially my idea is to keep the investments until interest rates rise again and use that money from that to either reduce/clear the mortgage balance.

Are there mortgage providers out there that will take into account my investments when assessing eligibility? Would it be better to consult a specialist broker in this situation?

To give you an idea of the relative amounts here's a simplified overview (not actual figures):
Property Value: 100k
Deposit: 25k
Current investment value: 40k

Thanks!

dimbo61

Well if you have a 25% deposit and the Income to support the mortgage I can see this being OK subject to the normal checks about your credit history and income, age etc.
However with that size Investment lump sum you could look at an Offset mortgage and when it's time to sell you can deposit the money into the offset account.
If you want 🤔

jamielutz1987

@Tomdarkness With mainstream lenders, it's unlikely that the size of your investments will make any difference to how much you can borrow or at what rates.

There are specialist brokers like Enness, LML, etc but unless you're HNW and buying an expensive property, they're unlikely to be of much help.

Thrugelmir

Mainstream lenders will have no control or claim over your "investments". Therefore will exclude them when underwriting your application. If interest rates do rise the value of your investments may well correspondingly fall. Companies themselves borrow and there's mutterings of disallowing interest when computing corporation tax.