Complex borrowing solutions and education sector expertise from Teachers for Intermediaries
If the property your client is looking to buy is unusual or there are any other complication factors like age, income or a shorter term required, TFI welcome a challenge to provide a borrowing solution.
Income
We:
- Consider multiple income sources
- Use of unearned income such as retained profit, undrawn investment / pension income
- Provide self-employed solutions into retirement
Timing
Short term lending between 1-5 years on No ERC interest only to suit your client who may be:
- Awaiting sale of property
- Timing around disposal of assets
- Requirement to maintain debt/tax planning
Property
We can handle property with complexity:
- Acreage
- Outbuildings / annex (Let)
- Holiday lets on site
- Basement flat
- Mixed use
- One title deed
Age
We understand how frustrating it can be seeing your clients turned down for a mortgage based purely on their age. By assessing affordability on interest only and focussing on the overall creditworthiness of the application, age is rarely the be-all and end-all.
Holiday lets
Real life solutions for your landlord clients up to age 83
- Up to £1m at 75% LTV
- Min income 25K sole, 40k joint
- Air B&B acceptable for our holiday lets
- Unusual properties
Not forgetting our teacher specific criteria…
- 5x joint income at 95% LTV supports first time buyers / movers
- Newly qualified teachers on a 1 year contract are treated as permanently employed and future income can be considered months in advance
Our intermediary team have years of experience to help find solutions on the most complicated of cases. To find out more or to chat through cases contact our team here.
