Self-employed cases for borrowers over 50
Whether self-employed or semi-retired, LiveMore can help older borrowers with loans for purchases and remortgaging.
Self-employed income for a property purchase
A semi-retired couple were looking to purchase a home worth £600k. The husband was self-employed and a 50% shareholder in the business and intended to continue working in an oversight capacity way past a ‘normal’ retirement age.
After discussion with the couple’s accountant, LiveMore were able to consider the self-employed income for the life of the loan.
The couple also had life policies in place and some pension income to fall back on if required. We were able to offer the full loan amount requested and the couple were able to purchase their dream property.
Key Points:
- For borrowers over 50:
We accept one year's accounts
We accept retained earnings
Up to 85% LTV
Available across capital repayment, interest only and equity release
LiveMore can help where other lenders can't.
Got a self-employed case? Start with our quick calculator to see what repayment options could be available for your client