Jamal Richards, a $35$year old sales rep for a computer company for five years and maintained a bank account for the last three years. The client's monthly salary credit, largely dependent on sales commission, averages $$1500.$recently$,$there have been regular utilisation of bank authorised overdrafts in anticipation of salary credits. the client's credit rating is $970.$

The client plans to invest the divorce settlement funds in a six$-$month time share in a property on a new development abroad. the investment, a joint purchase with the client's new partner, requires immediate funding of $$60000$which client seeks to finance through a loan. the client proposes to repay $$30000$from the divorce settlement soon after and plans to cover the remaining loan amount over ten years through rental income from time share when not in use. the client offers a mortgage over the time share as security for the loan. For context, the client's salary is considered low income in their country residence. time share refers to fractional ownership where each participant purchases rights to use the property for a fixed period annually. A 'clean break' divorce settlement ensures that both parties agree there will be no further claims on each other's property post divorce. Any assumptions made must be stated in your answer.

USE APPROPRIATE LENDING ASSESSMENT FRAMEWORK$($S$)$ TO GATHER THE FACTS OF THE APPLICATION