First-Time Buyer Declined Due to 0 Net Pay. We Found a Solution
Project Overview
Client:
Income Type:
Mortgage Amount:
Bank Used
Challenge
Our client, a software developer at Nvidia with a package including salary, bonus and stock was looking for his first home. He took advantage of his personal pension allowance and an employee Sharesave scheme effectively meaning that his payslips showed a net pay of zero for six months.
Upon seeing this, his own bank, with which he held a premier account, declined his mortgage application.
His dreams of purchasing his first home were shattered, until he stumbled upon Limitless online.
Results
Working closely with our Principal Mortgage Consultant, Melvin Parker, he was able to utilise his entire package and found he could purchase a dream home for far more than he had expected. This allowed him to fulfil his future plans of starting a family, saving thousands in moving costs.
