Navigating Complex Income for a Dream Home Purchase
A customer success story
Business Change
6 months ago
Major hurdle overcome
Income Basis
Latest-year
Enabled affordability
Fast Approval
14 + 14 days
DIP to offer
Updated:
The Clients & Goal
- Clients: Couple ages 61 & 45
- Goal: Looking to purchase new home together
- Purchase Price: £695,000
- Deposit: 40%
The Challenge
- Business structure changes: Clients Business had changed from sole trader to limited Company in last 6 months
- Income Complexity: Limited term due to clients age & income from latest year results was needed following a large increase in profit compared to previous year trading.
The Solution
- Broker Expertise: Mark identified a specialist lender that would accept change in Business structure
- Affordability: Lender accepted term to age 75 and affordability based on latest year tax calculation
- Mortgage Detail: Approved 60% Loan-to-Value mortgage
The Outcome
- Term: 13 years
- Timeline: Approved Decision in Principle in 14 days; Mortgage offer produced 14 days after the full application.
- Client Comment: Many thanks for all your help in this matter
We'll call you
Our team will aim to get back to you within 24 hours.
0330 0945876 local rate.
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