“I need a large mortgage secured against my bonuses,” said Simon, an investment banker in the city, who was frustrated that lenders quite often limit lending against bonuses, that make up a substantial part of income, and also require a larger deposit, which can often be as much as 25%. Having the ability to discuss clients' circumstances directly with underwriters and decision makers, AKP was able to agree initial lending of up to 90% of the £700,000 property Simon wanted to buy. AKP was also able to agree the lending on income multiples based on his basic salary and bonuses together.

“I would like a bigger house for my family” said Craig, a director and owner of a well established restaurant diner. He purchased his first property with the help of AKP; a flat where he lived as a bachelor for several years. Craig met Michelle and soon after they were expecting their first baby, needing more space, they wanted to buy a house to bring up their family. Having discussed the merits of holding property as an investment, AKP arranged a remortgage of the flat to release equity providing a deposit for a new house. The flat was rented out providing a monthly profit and valuable long term asset holding. AKP then arranged a new mortgage on a large townhouse where Craig, Michelle and Tommy now live. They are already looking at purchasing yet another property with the help of AKP.

“It's frustrating with my earnings that lenders restrict my borrowing” said Paul, a self employed builder who was looking at reviewing the mortgage rate he paid, and borrowing some extra money for personal spending to facilitate some home improvements. Often, because of the way the self employed earn their income, traditional income multiples that lenders work on are not always available. Hence this can prove problematic in raising finance. Due to our experience and long term relationships with lenders, AKP was able to provide the finance quickly and easily for Paul. His monthly payments were reduced and the extra money was available within three weeks for him to spend as he wished.

“I need a remortgage and I have lots of savings” said Alison, a primary school teacher who approached AKP regarding a review of her mortgage. During the discussion of her circumstances, AKP identified that she held a considerable amount of savings on deposit. AKP discussed the merits of an offset mortgage; whereby, instead of receiving interest on her current account and savings balances, she would pay no interest on the same amount of her mortgage. Over the term of the mortgage, this can add up to a substantial saving. As offsetting does not affect the monthly payment, her mortgage would be paid off more quickly. Also because she would not be receiving interest on her savings there is no tax to pay. AKP researched the market for these products and advised her on the most appropriate lender. By offsetting her mortgage against her current account and savings balance, she could save £1000s in interest.*
*This is AKP's current understanding of the tax rules and benefits with offset mortgages and is subject to change.