Helping with Complex income

Case study

Mr & Mrs D wanted to buy a property for just over £380,000 and needed a loan of £250,000. Mr D is a now a successful businessman but three years ago whilst running one business he decided to start a new business. He had little savings to help him with the high start up costs and unfortunately his mortgage fell into arrears. His account is now up to date but as a result of the mortgage arrears, he has a poor credit score. His income now comes from a variety of sources - employed, self-employed as well as a fixed term contract.

We analysed the different income sources and in view of the length of time since the mortgage arrears and the good credit conduct since, we were able to offer our CLEAR product for the full loan amount.

If you have a case you would like to discuss, please do not hesitate to get in touch.

  • Up to 4 Applicants allowed
  • Affordability based on all 4 applicants
  • 75% of Commission and Bonus for PAYE
  • 100% of Working Families Tax Credits, minimum 3 years remaining
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