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Client has a second job
Flexible support for clients with multi-source income
In the ‘gig’ economy, instead of a regular wage, workers get paid for the ‘gigs’ they do, allowing them to work two or more jobs and benefit from multiple sources of income.
However, not all lenders are willing to offer mortgages to these type of clients, often viewing the complex nature of their finances as too challenging.
If you’re approached by a client with multi-source income our range of residential mortgages is designed to support them.
Your clients will be individually assessed as we view each case on its own merits. And, with our manual underwriting, we can also consider cases that fall outside of standard criteria.
We know every case is different and while some lenders may not be able to help, we could offer your clients support that cuts through the complexity of multi-source income.
Speak to your business development manager to find out more about how we could support your clients with more than one job, or contact our broker liaison team on 01634 888276 or using Live Chat.
Limited company landlord needing assistance?
As the home of handcrafted mortgage solutions, we know that every case is different. Whilst some lenders may not be able to help, we see the potential and cut through the complexity.
Whether your client runs their property rental business as a limited company, is a portfolio landlord or even a first-time investor, our flexibility, individual case assessment and empowered sales team means we’re perfectly placed to help you meet your clients’ needs.
Here’s an example of how we could help your limited company landlords:
- A client who runs their buy to let business as a limited company calls to say they need to finance the purchase of a new rental property.
- They intend to use a loan from another of their companies as a deposit, but are unable to find a lender comfortable with accepting the intercompany loan.
- Fortunately we accept intercompany loans, as well as shareholder deposits and director loans.
- And that’s not all. We’ll also accept newly formed SPVs and LLPs, and we don’t apply specific SIC code requirements.
To find out more about how we could help, speak with your business development manager, call our broker liaison team on 01634 888276 or contact us using Live Chat.