We were approached by an IT manager looking to borrow £300,000 to purchase his first home - a two-bed flat North London.
The client has been in continuous employment for a number of years and has a strong credit profile, so we took the case to a lender which has a reputation for fast processing and has products available up to 90% loan to value.
The lender produced a Decision in Principle and instructed a valuation within 48 hours.
The entire case is expected to complete within six week on the following terms:
Property value: £343,000
Loan amount: £301,500
Rate: 2.49% 2 year fixed
Term: 25 years capital and interest
Lender arrangement fee: £995
Mortgage payment: £1,352 pcm
Consultant: Beckie Pepperrell, 01732 471202
ANY PROPERTY USED AS SECURITY, WHICH MAY INCLUDE YOUR HOME, MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.