5 x Income For A Self-Employed Mortgage

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Proposition

Mr A was selling his home in West London for £1,000,000 and had found a new home in the country for £3,500,000.

Our client was experiencing difficulty, however, in obtaining mortgage finance as his existing bank and broker both had concluded that his latest accounts were not strong enough to support the £2,700,000 that he required in order to purchase his new home.

Solution

When Private Finance were instructed, we identified that his business was going from strength to strength and that the positive trend in the accounts was strong. We asked the client for his management accounts and with these we were able negotiate and secure funding with a private bank which was 5 x the client’s income based on the management accounts figures.

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.

© Private Finance Limited, 2020. Private Finance provides independent mortgage advice and arranges individual mortgage solutions for clients. Private Finance is a trading style of Private Finance Ltd, 29 Lincolns Inn Fields, London, WC2A 3EG, registered in England no. 3855776 and its Appointed Representatives. Private Finance Limited is authorised and regulated by the Financial Conduct Authority (FCA registration number 310566).

Private Finance Ltd is rated 4.96 stars by Reviews.co.uk based on 919 merchant reviews

4.96 / 5 Rating
919 Reviews
I cant tell you how fabulous its been to deal with Private Finance and specifically Nathan Cole. My forte is not finance and he kept his cool during the whole process even through covid and his own personal stuff. Its been a delight! Explained things a million times when needed and not in a patronising way. Private finance will be the first people i call!
Exceptional level of service and always very quick to respond to any queries. We would highly recommend Private Finance and look forward to working with you again in the future.
Excellent service and follow up by Private Finance throughout the entire process. Highly recommend.
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