{"id":14467,"date":"2020-02-17T09:56:37","date_gmt":"2020-02-17T01:56:37","guid":{"rendered":"https:\/\/www.dev.articusfinance.com\/uncategorized-sg\/large-self-employed-mortgage-on-interest-only-basis"},"modified":"2023-08-16T14:42:03","modified_gmt":"2023-08-16T06:42:03","slug":"large-self-employed-mortgage-on-interest-only-basis","status":"publish","type":"post","link":"https:\/\/backup.articusfinance.com\/sg\/case-studies\/large-self-employed-mortgage-on-interest-only-basis","title":{"rendered":"Large self-employed mortgage on interest-only basis"},"content":{"rendered":"

Arranging finance as a self-employed individual is far from easy, even for those who are more than able to service a large loan.<\/p>\n

The secret to success lies in having the right industry contacts, and a knowledge of which lenders are able to maximise the borrowing from your particular income streams \u2013 be that share of profits, dividends, a salary, or directors\u2019 loans. A specialist mortgage broker can therefore be invaluable, as this case study illustrates.<\/p>\n

Are you a self-employed individual seeking high-value UK property finance? Our brokers would be happy to advise. And in the meantime, why not download our free guide, Mortgages for self-employed borrowers.<\/a><\/strong><\/u><\/em><\/p>\n

The client:<\/strong><\/h2>\n

Our client was a self-employed UK national. He owned both a residential property and a buy-to-let investment, and was looking to move to his next home. The property in question was a beautiful three-bed in London, valued at just over three quarters of a million pound.<\/p>\n

Unfortunately, this client was struggling to secure a mortgage for several reasons. Despite having healthy levels of profit, he left much of his wealth within the business, meaning mainstream lenders struggled to calculate his affordability favourably.<\/p>\n

Compounding this challenge, he was also seeking a high loan to value (LTV) mortgage on an interest-only basis \u2013 both of which can be tricky without any other factors at play. The client therefore approached us to see if we could find a solution among our large panel of lenders.<\/p>\n

The solution:<\/strong><\/h2>\n

We work with a niche building society that has a high appetite for lending to self-employed borrowers. We felt they would be able to take a holistic view of this case, and after outlining our client\u2019s background carefully, we were pleased to find a resolution.<\/p>\n

This lender was able to take our client\u2019s healthy operating profits into account, and we negotiated for an 80% LTV mortgage on a 2-year fixed rate as a result. The vast majority of this would be on an interest-only repayment basis, with a small fraction as capital repayment.<\/p>\n

Overall, this was an excellent outcome for this client \u2013 and a clear illustration of the fact that self-employed applicants can find success in the UK mortgage market, providing they work with a broker who has the right relationships.<\/p>\n

The case in brief:<\/strong><\/strong><\/h2>\n
    \n
  • Self-employed British national<\/li>\n
  • Buying high-value residential property in London<\/li>\n
  • Primarily interest-only mortgage at 80% LTV<\/li>\n
  • Placed with a lender with high appetite for self-employed clients<\/li>\n<\/ul>\n

     <\/p>\n","protected":false},"excerpt":{"rendered":"

    Arranging finance as a self-employed individual is far from easy, even for those who are more than able to service a large loan. The secret to success lies in having the right industry contacts, and a knowledge of which lenders are able to maximise the borrowing from your particular income streams \u2013 be that share […]<\/p>\n","protected":false},"author":1,"featured_media":14468,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"content-type":"","footnotes":""},"categories":[69],"tags":[],"class_list":["post-14467","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-case-studies"],"acf":[],"jetpack_featured_media_url":"https:\/\/backup.articusfinance.com\/wp-content\/uploads\/2022\/12\/03_Hazeldine_20190813_MH15851_Screen-scaled.jpg","_links":{"self":[{"href":"https:\/\/backup.articusfinance.com\/sg\/wp-json\/wp\/v2\/posts\/14467","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/backup.articusfinance.com\/sg\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/backup.articusfinance.com\/sg\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/backup.articusfinance.com\/sg\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/backup.articusfinance.com\/sg\/wp-json\/wp\/v2\/comments?post=14467"}],"version-history":[{"count":0,"href":"https:\/\/backup.articusfinance.com\/sg\/wp-json\/wp\/v2\/posts\/14467\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/backup.articusfinance.com\/sg\/wp-json\/wp\/v2\/media\/14468"}],"wp:attachment":[{"href":"https:\/\/backup.articusfinance.com\/sg\/wp-json\/wp\/v2\/media?parent=14467"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/backup.articusfinance.com\/sg\/wp-json\/wp\/v2\/categories?post=14467"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/backup.articusfinance.com\/sg\/wp-json\/wp\/v2\/tags?post=14467"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}