Following partner feedback on the challenges around affordability in the market, Together highlights some criteria areas where Together can potentially help increase conversion:
- Uncapped LTI – As the UKs largest non-bank lender we are not tied to ANY income multiples
- Forecasted income – If the clients have an accountant, we can use the forecasted income for the current year, providing they have at least 1 years’ historic trading and are within 6 months of their current year-end
- Interest only – Not available for unsecured debt consolidation and subject to an acceptable repayment strategy
- Declared affordability – Flexible, declared affordability calculations for cases which fail ONS based models
- Additional income – 100% of benefit income, pensions and second jobs can be considered
- Probation period – Accepted, no minimum time in current role subject to 12 months continuous employment
- Sole proprietor, Joint borrower – Income can be used for partners residing at the property, not listed on the title
Together are on hand to help and guide on challenging cases, please call your BDM or the support team a call on 0161 9337101 for assistance.