Case Study: Homeowner loan for self-employed applicant


A customer from South Yorkshire is now using his £75,000 Shawbrook Bank Loan (70% LTV) to make large scale home improvements. This case was very complex where the self-employed customer, despite drawing income from his business, also received further earnings from an off-shore employee benefit trust loan (EBT). This is an unusual situation and after proactive presentation of the case by The Loan Engine, Shawbrook accepted that the EBT loan is an HMRC recognised self-employed accounting practice (subject to UK income tax deductions). After reviewing the merits of the case, Shawbrook were able to approve the client for the loan.

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