Just because the income is complex, the YES doesn’t have to be
Where others stumble on complex incomes, we take the full range of assets and incomes to find solutions for borrowers.
From multiple pension pots and investment income, to gross rental income, dividends and more, our broader affordability criteria puts multiple incomes, assets and finances to use to maximise lending for underserved borrowers.
Doubling affordability with dividends – real life example
Charles has his sights set on retirement, anticipating a move into a brand new home. Despite substantial pension pots and shares, other lenders turned a blind eye to his assets.
We took a common-sense look at all of Charles’ financial resources, including his pensions and share dividends, which others refused to do.
The result? We offered him a loan that doubled the amount provided by any other lender in the market. LiveMore was able to offer him a £380,000 loan to Charles for his £685,000 new-build home.
By looking at the full scope of his assets, we provided a solution that worked – and he’s enjoying a comfortable retirement in his new home. That’s the LiveMore difference.
Key Points:
- For borrowers over 40:
- We love multiple earnings, especially when a client is semi-retired or self-employed
- We accept multiple pension income including state and private pensions, and SIPPs
- We accept 10 months gross rental income rather than the SA302
- We accept dividend income and retained earnings
LiveMore can help where other lenders can't.
Got a complex income case? Start with our quick calculator to see what repayment options could be available for your client