Case Study –First-Time Buyer | Sharp Income Increase

Value £1,950,000
Loan Amount £1,325,000
Location Dulwich
LTV 67.9%
Achieved Rate 2.24%
Completed July 2022
Adviser Courtney Flockhart

The Client

Our client was a barrister looking to purchase his first property. His practice had started with a strong upward trajectory in the latest two years, meaning his income had significantly increased without any evidence to state a proven track record at this level. Further to this, the client’s accounts were filed out of the tax year which meant his latest accounts were not the figures that showed on the latest available tax return. Prior to being introduced to us, our client had approached a few banks directly who were unable to assist due to the complexity of his income.