Complex Income Mortgages
Many borrowers have multiple streams of income that cant be used by mainstream lenders
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Having many unconventional sources of income can inhibit a mortgage application.
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 have intimate knowledge of the property market that enable us to hone in on the right lender without the drama of making multiple applications.
- 60% to 90% LTV
- Multiple Sources of income / 2 jobs / self employed & employed
- Overseas and Foreign Currency income
- Pension fund / Investment portfolio assets can be used a income
Why choose us?
Here are a few reasons to choose Chess Mortgages.
Experienced advisers
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...
