Key Details

• Residential purchase.
• Mortgage amount £600,000.
• 50% loan to value.
• Detached house in West Essex.

Challenge

Due to differing accounting periods between the UK tax year and the LLP, that the client was a member of, at time of mortgage application we did not have the required income documents lenders require to evidence his most recent year’s profit share.

Solution

Although considered outdated, we could show the client had a similar level of income for the previous two years. In further support, the senior LLP partner confirmed our client’s current fixed and expected profit share. This all helped to achieve market-leading terms for our clients.

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e. luke@haydenblair.co.uk

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