Professional Adviser

My client is employed as a hairdresser and a substantial part of his income comprises tips. He is a first-time buyer with a reasonable deposit, but wants as high a loan to value as possible. What are his options?

This is a non-standard situation where the traditional approach to employed applicants would not provide the right solution. Using only the basic income and perhaps half of any verifiable bonuses is likely to fall some way short of the loan amount and loan to value (LTV) required for this applicant. Other employed people who have income from a variety of sources, often seasonal in nature, may also come across a similar problem where they cannot easily prove total income and ability to pay and yet they represent good risks if total income is taken at face value. Self-certification is ge...

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