Changed roles or set up a new business venture in recent years? Sometimes this can cause issues with some mortgage providers who may request to see income stretching back around three years. However, that’s not always possible. largemortgageloans.com is often approached with cases such as these that can be complex to place. One recent example of this is listed below.
Case profile
Despite being new entrepreneurs, our clients were looking to secure 70% LTV on over £900,000 in order to purchase their new home. The couple had launched their own business less then a year ago and therefore had no accounts to prove yet.
Solution
Associate Director Dan Gracie approached a specialist lender, with who we have an excellent relationship with, and provided them with the clients CV, management accounts, accountants reference and company bank statements in order for the lender to take a sensible approach to financing.
The lender was happy with the proof provided and agreed to lend the clients their desired loan amount.
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