Your Business and Industry

11 November 2020

Need help with your extra-ordinary residential clients this Autumn?

We're here to support those extra-ordinary clients with unsual income sources or those recently self-employed who may now no longer be fitting the criteria of mainstream lenders.

The sustained rise in demand and activity seen over the summer months was highlighted in the latest Rightmove House Price Index which showed that:

  • Average time to sell of 50 days is quicker than ever before, leaving agents with more properties marked as sold than available for sale for the first time ever
  • Highest number of sales ever agreed in a month, up 70% on September last year
  • Traffic to Rightmove up almost 50% on September 2019, the biggest annual jump since 2006
  • Number of active buyers was 66% higher than a year ago, down marginally from the 67% July peak
  • Pace of growth easing but sales agreed for October so far still up 58% on same period last year

Who are your extra-ordinary clients

  • Self-employed: sole traders/partnerships/directors
  • Recent changers from employed to self employed
  • Earners with a large % of commission &/or bonus income
  • Clients with credit blips
  • Newly employed
  • Individuals with unusual incomes
  • Clients with multiple sources of income
  • Furlough clients considered - able to evidence resumption of role and no mortgage payment deferral taken (subject to underwriting)

The experts in complex income and employment  

We accept one of the broadest range of income types including 100% of many benefits and income streams, helping your clients get to the loan amount they need. See our full list here.

We calculate interest only affordability on an interest only basis and lend up to 70% LTV, which increases to 80% LTV on a capital and repayment or part and part basis.

Why not check out our affordability calculator?

 Call your Regional Account Manager today


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