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, 2019. 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 4.95 stars by Reviews.co.uk based on 616 merchant reviews

4.95 / 5 Rating
616 Reviews
I always feel in safe hands when seeking advice from Julian. He always seem to find the right product for my circumstances, particularly when the information I have doesn't seem to fit into all the relevant boxes.
The team is excellent. Tim has an unerring ability to come up with deals that can't be found anywhere else and his team, including Maniksha, is superb at tying up all the loose ends and driving the deal to completion. And they got me some money back!
Chris Sykes was great at getting lending sorted. And dealing with surveyors and getting a retention lifted before completion. Wouldn’t hesitate to recommend.
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