We understand how frustrating it can be seeing your clients turned down for a mortgage based purely on their age. By focusing on the overall creditworthiness of the application, age is rarely the be-all and end-all.
Does your client have COMPLEX INCOME?
We’ll always consider more than one income stream and whether your client has any other assets that they could use to repay the mortgage.
Is a SHORT TERM NO ERC solution needed?
If, for example, your client needs to buy before they’ve sold, we’ll support them between property moves – with an interest only loan if required.
Complex case study
- Customer has a house on a large plot of land (previously run as a farm);
- Looking to raise capital to refurbish a barn which will become the new main residence;
- As applicants are retired and only drawing the income they require, we’ve used potential income from the drawdown of liquid assets for affordability;
- £750k Interest Only solution agreed with the repayment strategy being the sale of the current main residence.
Challenge us to help by calling 0800 378 669
