We have helped numerous clients during the second half of 2020 and the first quarter of 2021 across all areas of the market. This has allowed satisfied clients to receive the keys to their new home, remortgage to a better interest rate or perhaps develop a Buy to Let portfolio.
The opportunities available in the mortgage market are now very diverse…could we help you at some stage in 2021? Below are some examples of the types of scenarios that we have helped our clients with in recent months – all of the following mortgage offers were successfully received from mainstream lenders. Let Existing Property and Buy a New Home – our clients needed to raise capital from their existing property to help bolster the deposit for the new purchase. The clients’ income was also complicated but we obtained offers for the Let to Buy and the new purchase and they are hoping to move into their new home soon.
Poor credit with two self-employed income streams – our buyers have had some long standing credit problems and both were selfemployed and had been affected by the current pandemic. By building a compelling case, we were able to source a lender that would look at their application sympathetically and allow them to get out of rented accomodation and back onto the property ladder.
Bridging finance chain breaker – we had a client who had seen their dream home but had yet to consider putting their existing property onto the market. We arranged a short term bridging loan to allow them to purchase the new property first and this loan was then repaid when their existing property sold several months later. Second property for occupation by an elderly relative – our client was looking to buy a property for her mother to live in to be closer to the family. Having explored buy to let options unsuccesfully with another adviser, we identified a more suitable route. The mortgage was secured quickly with both property and the mortgage being in her sole name. First time buyer – we were approached by a newly qualified professional looking to buy his first home. Due to his current salary (which is expected to increase quickly) the stated intention was to buy jointly with his father in order to secure a higher level of borrowing. Having discussed the overall position and the downside to this plan (3% extra stamp duty being payable if Dad was named as a joint owner), we secured a joint borrower (son and dad)/sole owner (son) mortgage which will allow the son to efficiently take over the position in the future and also avoids a significant extra stamp duty bill now.
This is a small example of the enquiries that we have received with positive outcomes for our clients, and also demonstrates that we can help most people. We offer local, face to face, independent mortgage advice and can advise on the best solutions for you.
If you would like to see what our clients have to say about us we have in excess of two hundred and twenty Google 5* reviews online and on our website from satisfied clients.
