SET YOUR SELF-EMPLOYED CLIENTS UP FOR SUCCESS
Liza Campion, Head of Corporate Accounts, Kent Reliance for Intermediaries
Moving up the property ladder can be tough for self-employed applicants, with many borrowers struggling to secure finance due to their inconsistent monthly salary.
If you’re looking for a lender who understands the needs of those with inconsistent income or who work for themselves, Kent Reliance for Intermediaries could help. We’re experts at supporting brokers with their complex cases and see the potential where other lenders may struggle.
Provided that proof of income is supplied, we can accept clients who’ve been self-employed for a minimum of 12 months (based on the finalised accounts, accountant’s reference or any tax calculations submitted to HMRC). Plus, we can work on a projection for year two based on an uplift of up to 30% of the first year’s figures.
We also accept contractors with no minimum income, as long as their application can evidence at least one contract renewal, with a minimum of 12 months of sector experience. And as long as their contract has been renewed at least once, and there’s at least six months to run, we can also accept clients on a PAYE contract basis too.
We believe that criteria is only the starting point of a conversation
Even if a case seems too challenging or complex, our flexible underwriting and individual case assessments could provide the support you need.
Our national team of business development managers also have the knowledge and experience to deal with cases that aren’t always straightforward. They’re more than happy to work with brokers to find solutions where others may struggle.
For more information, please reach out to your experienced business development manager, call 01634 835791 to speak to the broker liaison team or contact us via Live Chat on our website.
