Many borrowers have multiple streams of income that cant be used by mainstream lenders
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Income from trusts or overseas sources can not normally be used plus a host of other sources. This is where complex asset structures have to be carefully assessed and the right lender selected to meet the need of the borrower. It can also be as simple as having income from 2 jobs or from a side hussle.
We can guide you accordingly. If you have a large pension pot and don’t wish to withdraw the lump sum we can even “assume” an income and take that as an income for mortgage purposes. Our expert and intimate knowledge of the property market enable us to home in on the right lender without the drama of making multiple applications.
Here are a few reasons to choose Chess Mortgages.
We’ve been advising clients on mortgages for over 40 years.
We move fast
No need to wait; we respond & process applications quickly.
Whole of market
We scour UK lenders, private banks & offshore lenders for deals.
What you need to know…
Yes . Some lenders accept no sterling income
Yes , We have lenders that will take 5% of the fund value as an income and use that figure as your income to calculate your affordability. So you don’t have to take your pension income to get a mortgage
Yes – We have lenders that will accept your first years accounts and not insist on 2 or 3 years books.
Yes – provided the hours worked are sensible and both jobs are permanent we can use both incomes.
We can use up to 4 applicants’ incomes . Some lenders will allow 4 applicants but not all 4 incomes!
Yes if the particular applicant is not going to live there we can arrange a mortgage on that basis
What our clients say…
"Excellent service and I would highly recommend to others"
Had the pleasure of instructing Chess Mortgages. Jaz was incredibly professional and impressive in her handling of my remortgage application. My application was dealt with within a week! Excellent service and I would highly recommend Jaz to others. Thank you Jaz!
"Award winning mortgage advisors & I can see why"
Bob stepped in at very notice to assist us when we were in danger of missing out on our perfect home. We were impressed with advice we'd seen Bob provide on a forum, which was clear and sensible. It was later we found out that Chess are award winning mortgage advisors and I can see why.
"Chess was by far the best decision we made in looking for a mortgage"
I can't thank Jaz and Bob enough for their efforts in helping my wife and I in secure a mortgage. The process was effortless and they took weight off our shoulders. Having gone through getting a mortgage a number of times, I can safely say using Chess was by far the best decision we made. I will be using them again.