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Plain sailing

Thursday, November 4, 2021

Plain sailing

This 30-year-old ran a shipping security consultancy business with his 34-year-old wife. Translation? He was an expert at fighting pirates. But with only one year of accounts they almost had to walk the plank.

This 30-year-old had employed his 34-year-old wife to help run his business, but they only had one year of accounts. We delved in to his history and found that his ex-military background meant that his expertise was in high demand, so we had no problem lending them the money. The couple had evidence of one year’s income and borrowed £580,000 at 77% LTV on a two year fix at 2.52%. They got the house they wanted and could sail happily into the sunset. Metaphorically of course.

Please note article content was accurate at time of publishing