Aaron WhybrowGeneral Manager, Strategic Mortgage Broker

Self Employed with add backs

Name: Self Employed with add backs
Uploaded: 2022-12-09T02:26:24Z
Duration: 1 min 13 s
Channel: Aaron Whybrow
Description: Aaron Whybrow (speaker) summarizes a successful mortgage outcome for a complex self-employed client. The client, who had multiple add-backs and…

9 Dec 2022 · 1 min

Watch on YouTube

1:13

Aaron Whybrow (speaker) summarizes a successful mortgage outcome for a complex self-employed client. The client, who had multiple add-backs and non-standard accounting, was approved and settled with 106% of funding secured. The lender accepted 18–24 months of self-employed trading history, and a parental guarantee enabled increasing the effective loan-to-value from a typical 95% to 107%, including funding for stamp duty. The speaker invites self-employed listeners with supportive parents to inquire for help.

Questions this video answers

106%.

18–24 months.

Typical 95% LTV increased to 107% with a parental guarantee.

Hey, it's Aaron here. We got a client approved and settled on a property. We were able to get 106% of the funding and we'll be able to get them into their first home. So how do we do that? This client is a complex self employed client with a whole range of different add backs and deductions and changes and pools and Swiss and everything from how they manage their accounts in the way that they need to for their goals. And we're able to then link it up with a bank that would accept 18 to 24 months self employed with long term history in the profession. And we were able to, he was able to have the support of mum to be able to get from the 95 typical purchase loan to value ratio to the 107 with parental guarantee. So not only were we able to fund the whole process, we were able to fund the stamp duty and things along the way as well. So if you're looking to get into the market, crack into the market, you have a supportive parent that wants to jump in and you are self employed and you don't know where to begin or whether it is even possible. It could be possible when we unpack the details. So I'm reaching out to you guys if you need any help today.