Complex mortgages – a common sense lender

Complex mortgages

I want to let you know about an exciting new First Mortgage lender recently added to our panel.
A lender with decent criteria but which applies heaps of common sense too.

Apply this test

If you feel the case makes good sense – the positives outweigh the problems – then give me a call.
Obviously be mindful of the regulatory landscape (no self cert’s etc.) but a strong case never goes ignored – see below:

Day 1 self-employed projected income considered with relevant experience

The applicant was employed and managing a wine bar and an opportunity came to purchase the business.
He took the opportunity to buy the wine bar and at the same time decided he wanted to move closer to his business.
The case was accepted on a self employed basis based on projected income because of the borrowers strong previous experience and taking over a successful business.

Contract worker with less than 3 months left on a contract considered

This applicant was working on a short term 3 month contract with 2 months left to run and no automatic renewal. He was in a profession where there is good demand for his skills and the lender was therefore comfortable to recommend the application for funding.

Other useful considerations

• Adverse rates from 2.39%
• Consider 1 years accounts for Self Employed in a new field of business
• Dependent relative mortgages
• Mortgages for people working abroad
• Zero hours contracts accepted

Every deal has a story.
If you have a first mortgage case to place which makes sense, call me and I’ll try this lender for you.

www.promisemoney.co.uk

01902 585052