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First-time buyer purchases 2-bed flat with speedy lender

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

LTV: 88%

Rate: 2.49% 2 year fixed

Term: 25 years capital and interest

Lender arrangement fee: £995

Mortgage payment: £1,352 pcm

Consultant: Jeni Browne, 01732 471647

 

 

ANY PROPERTY USED AS SECURITY, WHICH MAY INCLUDE YOUR HOME, MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.

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