Case Study –Musician | New Residential Purchase

Value £5,850,000
Loan Amount £4,095,000
Location Surrey
LTV 70%
Achieved Rate 1.71%

The Client

Our client, a professional musician, had recently experienced a considerable reduction in his earnings, with an inability to tour in the planned year due to COVID restrictions – reducing his income from in excess of £3m, down to £1m. Additionally, he had a large commitment to provide child maintenance for his children, equating to approximately 50% of his income for the most recent years’ tax filings.