Multiple income sources

The borrowers

Tom and Andy are 42 & 50 and married. Tom earns employed and extra self-employed income, although he only has one year’s self-employed accounts.

They want to move to a 2-bed house at £280k for more space
Andy earns £35k on a PAYE basis and Tom’s income is £20k (£15k PAYE, £5k self-employed)
Their property is a 2-bed flat valued at £225k with an outstanding mortgage of £130k

How we can help

Because we can consider multiple sources of income, such as self-employed income with only one year's accounts, we can consider that extra income of Tom’s to help get them over the affordability line and into the bigger home that they want.

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