Down valued property

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This client approached us with an issue with her bank..

She was looking to buy a new property but her own bank had down valued the property and charged her a valuation fee. A number of lenders now offer mortgages without any valuations and we agreed to review the mortgage and find a new lender who would not charge another fee for the mortgage.

Property value £100,000
Loan amount £95,000
Loan to Value 95%
Rate 3.49% Fixed for 2 years, over a 25 year term
Monthly mortgage payment£474
Arrangement feeNil
Valuation fee Nil

Good Mortgage Solutions. Working with you, for you.

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