Our client approached London FS with the intention of buying a six-bedroom house for £1.25m. He was a LTD company Director, and had approached his bank directly who were not able to assist and several other brokers who were also restricting the loan amount to £300,000 based on a deposit of £700,000 and SA302 figures showing £60,000 income from salary and dividends.
Our Ltd company specialist adviser was able to extract £120,000 as income based on the information from the company accounts and was able to arrange a mortgage of £550,000.
Time from application to offer – 10 working days with a high street lender.
Understanding company accounts can prove to be crucial for clients who find their lending is restricted due to figures showing on their personal tax calculations.
To discuss you mortgage requirements in the strictest confidence please get in touch using the below form.
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