Clients who are asset rich can often find it hard to secure a mortgage thanks to unusual income profiles, including these scenarios:

• Owning a substantial, high value property
• Having substantial cash, investments and/or pensions
• Approaching retirement or having recently taken a career break
• Recently going through a divorce
• Appearing to have low income relative to borrowing needs

Whatever makes their income unusual, we treat each applicant as they are – unique. TFI is confident in finding mortgage solutions for atypical clients and can evaluate a variety of financial assets for income, using potential drawings on investments to boost affordability.
UNUSUAL INCOME: PROBLEM SOLVED
We recently arranged a short term mortgage for a couple in their 70s looking to purchase and update the perfect retirement home, selling their current property at a later date.

State pension income was insufficient for affordability, but by monetising a SIPP worth £500k we created sufficient income, avoiding an expensive bridging loan and allowing them to purchase and then sell chain free.

🔥 WHAT’S HOT? 🔥
• Lending up to six times income for evidenced earnings over £200k
• Part repayment/part interest only solutions available
• Income from pension, savings, investments and property assets taken into account
• Bonus acceptance up to 75% LTV
• ERC free short-term lending also available

Need help making a complex case more straightforward?

See what we can do for you by calling Ralph and the TFI team today…

Call 0800 378 669 or visit our website