Case Study –Self-Employed First-Time Buyer | One Year of Accounts

Property Value £335,000
Loan Amount £300,000
Location Cambridgeshire
LTV 90%
Achieved Rate 4.64% 5-year fixed
Completed March 2023

The Client

Our clients, both first-time buyers were looking to purchase their first home together in Cambridgeshire. While both applicants were employed, one of them also ran a business alongside their job. Although the business had been operational for two years, it didn’t perform well in the first year due to the pandemic. Unfortunately, their mortgage application did not meet the affordability requirements as most lenders calculate self-employed income over the latest two years.

first-time buyer secured a mortgage