Maximise income
The borrowers
Trevor and Pam are both 48 and married with three adult children. They would like to maximise their income including bonuses for home improvements and to capital raise for the deposit on their first buy to let. Trevor has a satisfied CCJ on his credit record from three years ago.
- They would like to extend and upgrade their current house ready for retirement and be left with enough to purchase a BTL property. Seeking £300k against £450k value
- Trevor earns £50k basic plus a 10% bonus. Pam is a care worker earning £21k salary plus £6k bank work
How we can help
Because we are able to use 100% of regular bonuses, we are able to maximise Trevor’s income. For borrowers with an income structure like Pam’s, we can use 50% of bank income when it’s supplementary to main income and 100% of bank income if it is the only source. We have an exceptionally wide range of income types that we can accept; you can search through them on our acceptable residential income guide here.
We love to talk a case through, why not call your Foundation Regional Area Manager today?
