The Intermediary – July 2026 - Flipbook - Page 85
B RO K E R B U S I N E S S
Case clinic
drawn from the company at the current rate
is sustainable.
If their income has remained broadly the same
(and this can be confirmed by their accountant)
then we can use whichever is the higher of net
profit after tax and salary, or salary and dividends.
The van finance would be factored into
affordability unless it’s a business expense, and
can be evidenced as such.
The LTV and loan-to-income (LTI) both look
good, which works in the couple’s favour. We’d
certainly be happy to understand more.
GEN H
This one is within policy – we’re happy to look at
timber-framed construction built in the 1970s or
later. We’d be happy to see this case come in.
THE STAFFORD BS
C AS E T WO
Non-standard
construction property
couple are purchasing a house worth
£285,000 with a 15% deposit.
The property is of timber-frame
construction and was built in the late 1990s, with
a valid structural certificate available confirming
its condition.
One applicant earns £46,000 in a managerial
role, and the other earns £32,000 in full-time
employment.
Both have no outstanding debts and strong
credit records with consistent conduct across
accounts but remain concerned about the nonstandard nature of the property.
A
BUCKINGHAMSHIRE BS
The society would be unable to consider this, as
the property would be deemed unsuitable security.
UNITED TRUST BANK
One of UTB’s key unique selling points (USPs)
is our ability to support non-standard property
construction, less favoured locations such
as touching or near commercial, and other
quirky scenarios.
We are happy to consider timber framed
properties and can proceed at 85% loan-to-value
(LTV) subject to valuation. The income appears
strong and can be reviewed using our calculators.
We could consider this case. Although the property
is timber-frame, it was built in the late 1990s
and has a valid structural certificate, we would
seek an upfront view from our valuers to confirm
acceptability before application.
WEST ONE LOANS
This will be a case that needs to be referred. While
the figures in this purchase make the mortgage
viable, we will have to send a valuer to conduct
a full valuation of the property to confirm the
structural soundness thereof.
C AS E T H R E E
Holiday let with existing
residential mortgage
n applicant hopes to buy a cottage in
Cornwall valued at £360,000. Intending to
operate the property as a holiday let. They
currently have a deposit of 30%.
The applicant earns £51,000 in salaried
employment and already has a residential
mortgage with monthly repayments of £1,450.
Projected holiday let income on the property
varies significantly by season, with the majority
expected during summer months.
The property will be managed through a local
holiday letting company, and the applicant plans
occasional personal use outside peak periods.
They have previous experience as a standard
buy-to-let (BTL) landlord, but not with holiday
accommodation, specifically.
A
SUFFOLK BS
The timber-frame construction wouldn’t be a
problem, provided it has a solid, protective outer
wall made of brick, breeze block, or render. We’d
need to make sure the property didn’t also have
timber cladding.
UNITED TRUST BANK
UTB can consider this application subject to
adequate credit score and income calculations.
The applicant has previous experience as a
standard BTL landlord, so this is not a first-time →
July 2026 | The Intermediary
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