The self-employed were possibly the most hit by the Covid-19 pandemic. Many now find themselves in a situation where the latest SA302 will reflect their struggle, despite the business having returned to pre Covid earning levels.
These borrowers are victims of circumstance. As a lender that listens and assesses each application on its individual merit, we are happy to take a common sense approach to those affected by the pandemic. Especially where it is evident that prior to the pandemic, there were no financial struggles and whilst the pandemic has not yet stabilized its evident that the business has, we can take a view.
If you have a customer where the income has returned to previous levels, evident via 3 most recent bank statements, a projection from the accountant we can look to use the 2019/2020 SA302.
If you have any enquiries where you think we might be able to help please don’t hesitate to give us a call or email any referrals across to mortgagedesk@centraltrust.co.uk
Loans from £10,000 – £250,000
4 units of adverse in 12
Minimum income £17,500 per application
Capital raising for business purposes
