Case Study –First-Time Buyers | Previously Declined Due to Complex Income

Property Value £518,000
Loan Amount £453,800
Location Essex
LTV 87.6%
Achieved Rate 5.11%
Completed May 2023
Adviser Hasan Acik

The Client

We recently had the pleasure of working with some clients who were looking to purchase their first home together. One of the clients was a self-employed director overseeing two companies, while the other was a school teacher who also helped with the operational functions of the businesses. Unfortunately, their initial mortgage application with another adviser was denied. But when they approached us, we were happy to help and resubmitted their application to another lender, taking into account their most recent salary and net profit.

happy couple smiling at a meeting