Simon and Jane knew it made sense to buy their council house but it desperately needed a new kitchen and bathroom. With two young children their budget was tight. We arranged a fixed rate mortgage equal to 125% of the purchase price over a term which kept their payments almost as low as their rent.
Richard was self employed but unfortunately his business failed and he was declared bankrupt. After being discharged he tried to get a mortgage but couldn't without paying an extortionate interest rate which was completely unaffordable. He contacted us and we found a specialist lender who was prepared to offer him a mortgage at the standard variable rate.
Steven was 21 when he decided it was time to buy a house of his own. His new job paid well but he had no deposit and to make things worse he'd not kept up to date with his car loan and the loan company had issued a default notice as a result. No high street lender wanted to know Steven but we knew a specialist lender who not only ignored defaults but would lend him 100% of the purchase price.
Paul and Julie bought their house just after they married and all was well but now they had two children and as Julie was no longer working money was tight and their credit card balances were forever increasing. By the time they realised they needed our help they had already taken out a loan to clear several credit card balances all of which seem to be up to their limits almost overnight.
Darren made the big decision to become a self employed shop fitter last year and although his business was expanding he needed money to buy a workshop. He had his own house with enough equity in it but what he didn't have, which all lenders want, is accounts. If he couldn't release some equity from his house quickly he may miss the opportunity to purchase the workshop he had seen.
Lisa and Martin were existing clients who thought it would be a good idea to invest in a second property to rent out and have as a nest egg for the future but they didn't know how to get started. We sat down with them and discussed the pros and cons of having a buy-to-let and worked out all the figures.
Gerry and Elizabeth wanted to invest in a Spanish property, which they could retire to one day. They had already paid off their mortgage here and had some money saved but after a visit to Spain realised they would need to borrow additional finance to get the sort of property they both liked.
Any relationship break down is stressful enough but it is essential that due regard is given to any mortgage that exists. Maria's marriage had come to a sudden end and she was left in the family home with her young daughter.
Ben wanted to improve his family's cashflow by consolidating all his debts much like his friends had done, however, he was tied to his current lender for the next 4 years and their penalty for leaving them was too much. We took a look at Ben's income and commitments and after checking the affordability arranged a flexible secured loan with a term to match his mortgage.
When Donna made that decision to buy her first house she quickly relised there was more to it than finding a property and putting in an offer, so she came to the Mortgage & Property Centre for help. We started at the top and explained everything clearly and simply. Armed with a degree of understanding and knowing we were only a phone call away she went seeking her dream home.
