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.