Case Study –Residential Mortgage | New Job – Contract as income evidence

Value	£995,000
Loan Amount	£492,000
Location	London
LTV	49%
Achieved Rate	2.48%
Completed	October 2022
Adviser	Courtney Flockhart

The Client

Our client, a football coach, was only two weeks into his new employment and did not yet have a payslip to verify his current income. He and his wife had found a new property to purchase, but the vendor would not remove the property from the market until they received confirmation that the mortgage application had been submitted and the property valuation had been scheduled.

The Solution

We were able to use our knowledge of the market to apply to a lender that would accept the client's contract instead of waiting two weeks for the payslip and risking the client losing the property.

The Henry Dannell Difference

We took the time to understand our client's circumstances and were able to find a solution that enabled him to proceed quickly and secure a new home for his family.