Specialist lending truly involves satisfying the needs of clients who don’t fit the standard high street mould. Since COVID lenders have pulled back their lending, but I’m pleased to say TML are able to lend to clients who don’t just have a basic salary or 3 years accounts.
Here are the big wins that can turn your enquiries into live cases:
Employed- Up to 85% LTV
Overtime, Employment Bonus, Commission, Car Allowance & Regional Allowance will now be accepted at 100% (previously 50%)
Employees who are classed as subcontractors under the CIS construction industry scheme will now be treated as an employed applicant
Self Employed – Up to 85% LTV
Will use salary plus share of profitbefore tax
Self-employed for just 12 months
Can consider the use of trading accounts relating to pre-COVID levels by using accounts for 2019/2020 if the latest 3 months bank statements are in line with past trading performance
Contractors – Up to 75% LTV
Minimum 12 months’ previous employment history in a similar role
If you have a client that could benefit from TML's recent product and criteria changes contact us on 023 8045 6999 option 1 or submit your enquiry online via Boris.
