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Higher income multiple mortgage plus adverse credit

Specialist residential mortgages


A single applicant was looking to make an onward purchase at a value of £240k.  The client had a 20% deposit from the sale of their existing property.  The applicant earned £35k p/a so needed a lender with a more generous income calculation.


In addition to the above mentioned issues, there were 2 mortgage payments in the last 24 months showing on the credit search.  However, payments had been maintained for the last 6 months.


Brightstar were able to assist with a 5 year fixed rate product at 5.14%.  This approach offered the customer stability at a time when base rate is rising.  The lender used stresses income slightly differently, hence the ability to borrow a little more than a mainstream lender could offer.


READ MORE about the specialist residential mortgage scenarios we can assist with