CASE STUDY: Young Professional

Nov 27, 2019


The client wanted to buy their first home for £315,000, and with a deposit of £50,000. ( 84% LTV) However, based on income they were falling short on most lenders' affordability assessment.

How did we help?  

We looked at the case as a whole and the risk to the Society. The client has been in the teaching profession for a number of years with opportunities to progress. They had saved a good deposit, had no other financial commitments and looking at affordability with the new mortgage payment still had £924 PCM surplus income. Taking all of this into account we were happy to apply a Loan to Income multiplier of 5.34 compared to our standard multiplier of 4.5 which meant that we could lend the amount they needed.

Contact Us

BDM  – Emma Parker | (07506) 906525
BDM  – Rob Shropshire | (07508) 128678
Mortgage Team | (01785) 223212

Stafford Railway Building Society

4 Market Square, Stafford, ST16 2JH