Derek wanted to send his daughter to a fee-paying school abroad and needed to raise £58,000. He approached First 4 Seconds to arrange the finance for him as he had been declined elsewhere.

Being self-employed, Derek found it difficult to prove all of his income.

F4S found a lender that would use an accountant’s certificate of projected income in conjunction with favourable affordability calculations to meet the affordability criteria.

Mortgage balance: £125,084

Property value: £240,000

Loan to value: 77%

Loan amount: £58,000

Loan term: 13 years

Monthly payment: £556.61

Annual Rate: 5.19% per annum (Capital & Interest)