We were recently approached by a UK based couple with a complex income structure. With their main residence just outside of London, the couple was looking for a second home as a base in London - a stunning £4.25M Victorian terrace property in Chelsea. They wanted to borrow as much as they possibly could, which can be rather difficult for properties at this value.
Aside from the high LTV (loan-to-value) required, they had a complex income structure. A large proportion of the client's income was paid via company shares which were vesting and they therefore did not yet have access to all of them.
Here at Enness, we understand this market and know what it takes to achieve the best possible solution whether it be a complex mortgage application or simpler. We can use pre-paid and rolled up interest methods, interest deposits, short trading history, one year's accounts or one year's tax returns and even very high loan to value mortgages for complex income types.
Using our extensive network, we were able to source a lender who would consider the company shares as a form of income given the support of her last 3 year track record. What is more, the lender was able to use only one applicants’ income alone to get to the amount required.
To access high-value, high LTV funding from reputable parties, you will need to work with a firm like Enness that has the industry contacts and experience to secure the best deals for you. Exclusively working in your best interests and available to you 24/7, your broker will ensure you get the best possible finance package available on the market.