View more on these topics

Dear Delia

My client is a consultant at an NHS hospital but recently started his own private practice in orthopaedics. He wants to buy a property for £800,000 and will have £250,000 equity from the sale of his current home. His local bank has declined the application because he’s only been in private practice for nine months. His NHS income is £80,000 a year and the private practice’s projected earnings in its first year are £100,000. What are his options?

Delia says: This situation is not uncommon as Sally Laker of Mortgage Intelligence and Maria Harris of Bank of Scotland Mortgages point out. Have you got a problem for Delia? Email

Recommended

Home of Choice upgrades Ignition service

Mortgage network Home of Choice has chosen focus:360º from Focus Solutions, supplier of whole office solutions to the financial services market, to upgrade its existing mortgage point of sale solution – Ignition. Ignition, previously built by Focus, enables the recruitment, registration and support of new intermediaries joining the network as well as the full application […]

BDS Secured Loans extends 10% proc fee promise

BDS Secured Loans has extended its pledge to pay brokers an extra 10% commission on all deals received by April 30.The firm, which launched last September, already offers brokers half of the case income it receives after costs.Mark Clinton, director of BDS, says: “There’s no doubt we’re working in a challenging marketplace.“This makes it even […]

Stamp Duty relief slammed by MPs

The government is under fire from a parliamentary committee for failing to extend Stamp Duty relief for zero-carbon properties to existing homes.The criticism follows chancellor Alistair Darling’s Budget announcement last month that buyers of new-build flats will be eligible for Stamp Duty relief, providing they follow up recommendations in their Energy Performance Certificates.In its seventh […]

Guide

Guide: reporting to the Pensions Regulator — what and when?

Johnson Fleming has published a step-by-step guide demonstrating the importance of record keeping and reporting, and how it can ensure you operate a successful scheme. The guide takes you through some key questions you need to ask and identifies the information you need to obtain. The topics include: why you need to keep records and the benefits of doing this; registering your scheme; what information you need to record to ensure you meet the Pensions Regulator’s requirements; and what items need to be recorded and when.

Newsletter

News and expert analysis straight to your inbox

Sign up