Case Details: The applicant was seeking to raise the deposit monies for a related property purchase. They wanted to raise £175k on their unencumbered property valued at £450k. They provided accounts showing £37k net profit, which clearly serviced the capital and interest yearly payments of £14.5k. The borrower took advantage of an introductory 3 year interest only period at the beginning of the mortgage and therefore was paying £2.7k lessthan a capital and interest payment for the initial three years.

Case Details: The applicant was seeking to raise the deposit to purchase another post office business. The client had missed some historical mortgage payments and had an outsatnding CCJ. They provide accounting informatiion demonstrating significant serviceability but due to the adverse history we placed the deal on our non-confirming plans. We discounted the plan by 0.5% to take into account the income verification and servicing demonstrated by the accounts, to provide the overall cost of fundsof 8.9%. We funded £435k (75%LTV) which after redeening the existing clearing bank provided £80k towords the deposit on the post office being acquired. The deal completed ten calender days after being submitted.

Case Details: We were able to fund 85% of the shop purchase price, lending £178k on £210k. The applicant was in a contract race to secure the purchase before the vendor was repossessed. The application was submitted on the 18th and we were able to complete the application by the 26th. The applecant had 13 years experience in the trade and used the unaudited accounts of the vendor and his own projections to demonstrate serviceabilty.