Loan Amount: £490,000
Finance Category: Residential Mortgage
Fox Davidson were contacted by an accountant that needed an experienced broker that worked with accountancy professionals.
Our client ran a successful accountancy firm in the south west. Their accounts showed good profits, but our client’s drawings were minimal. We needed a lender that would lend based on company net profit plus salary rather than dividends and salary.
Fox Davidson specialise in mortgages for accountants. We work with lenders that can work from 1 year’s accounts, can utilise the latest years profits only and we can secure mortgages using gross/net profit plus salary. We placed our client with a competitive high street bank that used the latest years net profit plus the clients salary and was able to lend our client the funds they required.
For more information on interest-only mortgages or to speak to us about general mortgage advice, please contact a member of the Fox Davidson team today, email firstname.lastname@example.org or call us on 0117 989 7950.