An individual was looking to purchase a new main residence.
What was the problem?
Mr. M was struggling to find a lender who would accept his income as he had less than one year’s trading figures for his Limited company.
How we helped:
We had evidence of his previous experience in his field of work and after discussing his position with his accountant, we were able to consider lending on a bridging basis until such time as he had his first year’s accounts, at which point we could consider a term loan based on his declared income.