Case Study: From Mortgage Prisoner to Financial Relief – How We Helped David and Sarah Take Back Control

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Meet David and Sarah* – Trapped by a Mortgage, But Not Without Hope

David and Sarah, a married couple in their 60s, came to us feeling stuck and overwhelmed. They were on a joint mortgage originally taken out with Northern Rock, now administered by Heliodor, a lender with limited options for change.

They owed £42,000 on the mortgage with just 7.5 years remaining, but they were paying a high variable rate. Despite David earning £49,000 per year, financial pressure was mounting. The couple had been in a debt management plan since 2013 and were now considering entering into an IVA (Individual Voluntary Arrangement).

But we saw another way forward, one that offered stability, hope, and financial breathing room.

 

The Challenge: Mortgage Prisoner + Debt = Dead End?

Being a mortgage prisoner meant they were locked into an expensive deal, unable to remortgage with mainstream lenders due to their credit profile and the legacy nature of the loan.

David and Sarah believed an IVA was their only option to escape the pressure. But we knew this would have serious long-term consequences, affecting their credit, financial recovery, and future borrowing ability.

What they really needed was a stable mortgage solution that aligned with their debt repayment journey.

 

The Solution: A Smart Fix with Kensington Mortgages

After carefully assessing their full financial picture, we placed the case with Kensington, a lender who specialises in complex cases and supports clients with historical credit issues.

✅ We secured a fixed-rate mortgage at 5.54% for the next 5 years, locking in predictable monthly payments and protecting them from further rate hikes.

✅ This remortgage freed up around £263 per month, which made a significant difference to their financial stability.

✅ By the end of the fixed term, David and Sarah will have:

  • Likely exited their debt management plan
  • Only around 2 years remaining on their mortgage
  • A vastly improved outlook, both financially and emotionally

 

The Outcome: Peace of Mind and a Clearer Future

For the first time in years, David and Sarah feel like they’re moving forward.

They’ve:

  • Avoided an unnecessary IVA
  • Secured a competitive fixed-rate mortgage
  • Regained control over their monthly finances
  • Been supported with kindness, not judgment

This wasn’t just about numbers. It was about relieving stress, improving mental wellbeing, and rebuilding financial confidence.

 

Final Thoughts: If You’re a Mortgage Prisoner, We’re Here to Help

David and Sarah’s story is one of many. If you’re stuck with an old mortgage, have past credit issues, or are in a debt solution, you are not alone.

At Clever Mortgages, we specialise in helping people find the right mortgage, even when the situation feels impossible.

📞 Call us today for a confidential chat — we’re here to listen and find a way forward.

 

*Names and identifying details have been changed to protect client confidentiality.

 

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