A flexible second charge solution helped our clients consolidate borrowing, reduce monthly outgoings, and complete the finishing touches to their family home.
Our clients, both directors of a limited company, were looking to raise £170,000 to consolidate a business loan secured against their property, clear some unsecured credit, and fund further home improvements.
The case was structured on a sub-65% loan-to-value (LTV) basis. As the clients had primarily taken a salary while leaving net profits within the business, their income profile required a lender who could take a more holistic view. Working closely with Together, we were able to use projected income to support the lender’s affordability assessment.
The result was a successful second charge mortgage that allowed the clients to reduce their monthly outgoings by £2,409 while completing the finishing touches to their family home.
A great example of how tailored lending and lender collaboration can achieve outstanding outcomes for self-employed clients.
