Client Profile
Chris, a solicitor with 5 years of post-admission experience, works full-time at a mid-sized law firm in Sydney. He earned $220,000 annually, made up of base salary and consistent performance bonuses tied to billable hours.
The Challenge
Chris wanted to purchase an apartment in a premium inner-city suburb. His bank assessed him conservatively, only counting his base salary and ignoring his bonus income, which limited his borrowing power to $900,000, insufficient for his target area.
Our Strategy
- Used a 6-month income history to demonstrate the consistency of his bonuses and overall earnings
- Presented a strong application including payslips, tax returns, and an employment letter confirming his income breakdown and stability
- Matched him with a lender that understands legal industry income structures and could assess his full financial capacity
The Result
- Boosted his borrowing capacity to $1.15 million by getting 100% of his income counted
- Pre-approved within 5 business days, giving him confidence to act fast in a competitive market
- Secured a sharp interest rate with an offset account
Conclusion
Chris secured the home he really wanted without compromise. Our deep understanding of how legal professionals are paid and how to present that to the right lender made all the difference. If you’re a lawyer looking to buy or invest, we’ll help you unlock your full borrowing potential.
