Case Study –New Residential Purchase | Limited Proof of Income

Value	£4,000,000
Loan	£2,000,000
LTV	50%
Achieved Rate	1.19%
Term	5-year fixed

The Client

Our client had found a property to purchase at £4m and required lending of £2m. Whilst our clients recent annual income figure was strong, it had all been generated after her latest accounts had been finalised. The income outlined on her tax returns was therefore not reflective of her actual earnings.

The Solution

We were able to source a lender willing to take into account our client’s payment summary and aged debt for the year. This enabled us to boost the allowable income to demonstrate her affordability for the full loan amount. As we were able to arrange this with a high street lender, this also ensured our client received the best possible rate, secured at 1.19% for a 5-year fixed term.

The Henry Dannell Difference

With our experience working with Barristers and our understanding of their income structure, we were able to source a lender that we have a longstanding relationship with, to secure them an offer for the purchase of their ideal family home.