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tailored solutions where other lenders may struggle . With a willingness to consider cases that fall outside of standard criteria and the ability to be flexible with our income multiples , we could provide solutions for even the most complex of scenarios .
We adopt a common-sense approach to lending and our underwriting team individually assesses each case to create the solution your customers need . And if you need a little extra support with placing a case , our experienced business development manager teams are on-hand to guide you along the way , from application through to completion .
It ’ s just part of our offering which enables us to support a wide range of different client types . Whatever their background , we could provide solutions in even the most complex of scenarios .
So , let ’ s take a look at some of the ways we could help those with complex incomes in a little more detail .
Self-employed customers
With the number of self-employed people slowly starting to increase as the sector recovers from the effects of the pandemic , it ’ s vital those working for themselves know there ’ s a lender who understands the challenges they face .
We accept self-employed applicants with a minimum of one year ’ s accounts and we can work on a projection for year two based on an uplift of up to 30 % of the first year ’ s figures . And , thanks to our flexible manual underwriting , we can even accept 100 % of a second income that ’ s sustainable and held for a minimum of 12 months .
What ’ s more , we can consider day rate contractors working off-payroll ( also known as IR35 ) and contractors enrolled in the Construction Industry Scheme ( CIS ).
Newly qualified customers
They ’ ve spent years at university , passed all their exams , secured a position at a good firm and are looking forward to reaping the rewards of their hard work in the coming years , but many young professionals can still find it a struggle to take that all-important first step on the property ladder .
Fortunately , our ability to take future earning potential into consideration means we can stretch our affordability requirements . Our range of mortgages features products designed to support customers who need flexibility around income multiples , as well as options with no maximum loan amount at up to 90 % LTV .
Even if they only have a small deposit , we can consider lending up to £ 1 million at up to 100 % market share value on our shared ownership products .
Multi-source customers
With millions of people now working two or more jobs and benefiting from multiple sources of income , you may be contacted by someone who ’ s experiencing difficulties in finding a mortgage due to the variable nature of their finances .
Whether they ’ re a member of the ‘ gig ’ economy and earning some extra cash as a taxi or delivery driver or monetising their passion by freelancing in their spare time , we could help .
We accept multi-source incomes from employment , self-employment or a combination of both , and we ’ ll consider 100 % of secondary income in many scenarios .
Entrepreneurs
We know that building a company from scratch is never easy , without the added difficulty of trying to find a mortgage at the same time . We don ’ t believe entrepreneurs should have to choose between building a business and buying a home .
That ’ s why we accept earnings from professional landlords as a full-time income source and will consider properties bought for cash and renovated to increase their value for remortgaging within six months of ownership , providing this can be fully evidenced .
High net worth customers
With enviable wealth seemingly at their disposal , you ’ d think it unusual that high net worth customers can still sometimes struggle to get a mortgage . But the nature of their income , which can come from sources such as company earnings , dividends , investment earnings and trust funds , means a more tailored approach is often required to help them secure the loan they need .
We consider 100 % of second income in many scenarios and can offer loans with no maximum amount on selected products up to 90 % LTV . We also consider customers with unusual income sources , such as sportspersons , musicians , actors , authors and influencers .
If you need any support with anything I ’ ve discussed , all of our business development managers are dual-branded which means they have the ability to assist across both Kent Reliance for Intermediaries and our sister company Precise Mortgages . This means if a case doesn ’ t quite fit the criteria for one brand , they see if it would be more suitable to place with the other brand .
We now also offer more ways than ever for you to get in touch with us . Whether you ’ d prefer to meet face-to-face to discuss a case , speak over the phone , or chat online or by video conferencing , the choice is yours . With our office-based BDM team on-hand if you ’ ve got a query about an existing case and your local BDM isn ’ t available , you ’ ll never have to wait long to get the answer you need .
And finally , don ’ t forget that a remortgage may not always be viable or the right solution for your customers , which is why we can consider product transfers across all of our brands .
www . kentrelianceforintermediaries . co . uk For intermediaries only . Note : Product information correct as at 28 / 07 / 2023