Dr Kinsella: Self-employed case study
Supporting customers with complex income streams
Who did we help?
Dr Kinsella is a GP who works with the NHS but is also a self-employed private practitioner owning a small practice.
He was selling his existing home following divorce, with most of the equity from the property going to his ex-wife. He continues to pay maintenance to his ex-wife for his four children but the amount will reduce gradually as the children get older.
"He was selling his existing home following divorce, with most of the equity from the property going to his ex-wife."
What did he need?
Dr Kinsella was looking to purchase a new home worth £500,000 and had savings of £100,000 which he was able to use as a deposit.
Why was he facing challenges?
His broker struggled to find a lender who could help him get a mortgage due to his complex income which was made up of NHS salary allowances, ‘on-call’ payments of varying amounts and an income from his private practice - he doesn’t take dividends.
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