For the self-employed, there’s no denying it can be difficult to gain mortgage approval to suit unique needs. Our new research shows that high-street lenders can still see self-employed incomes as ‘volatile’. And mortgage calculators sometimes just don’t add up.
But we recently showed that, with specialist criteria and a can-do attitude, we could secure the right mortgage for Dynamo’s applicant.
We helped a self-employed director of a security company to secure £230k more in borrowing power when remortgaging, so that he could transfer equity.
By using the applicant’s profit share before tax, plus their salary, and assessing their income on their most recent years figures, we were able to secure a 75% LTV loan, completing the application in just one month!
We’re not your average lender, so we consider income based on latest year’s accounts, not averages. Why round-down when you can jump straight to the real figures that reflect your customers real circumstances.
Read more about the case study here