Case Study –First-Time Buyer | Complex Income

Property Value £700,000
Loan £525,000
Location London
LTV 75%
Rate 1.29%
Broker Kem Kemal

The Client

Our clients were first-time buyers looking to arrange finance for the purchase of their first home. Applicant one was a barrister with a sharp increase in her latest year of accounts compared to the previous year. Applicant two was a lecturer on a fixed-term contract, with a 6 monthly review. Based on their incomes, they had been advised by other brokers that it would make obtaining a mortgage difficult.