We had a client approach us as her husband works in Iraq. He has a rolling 12-month contract, and is paid in US dollars.
In most cases this is a non-starter, lenders are not happy with people earning non-UK taxable income, but we were able to source a mortgage with a high street lender that allowed us to do this. We needed a lot more information, including his contract, UK bank accounts and even a copy of his CV to show he had worked in the industry for a long time.
| Property value | £600,000 |
|---|---|
| Loan amount | £250,000 |
| Loan to Value | 41% |
| Rate | 1.99% Fixed for 5 years, over a 15 year term |
| Monthly mortgage payment | £1,607 |
| Arrangement fee | £999 added to the loan |
| Valuation fee | Nil |
| Legal Fees | Nil |
Good Mortgage Solutions. Working with you, for you.