A normal working day for us includes helping clients that are buying their first homes.
In most cases clients come to us having read the issues on the internet and just need some professional advice. This is great for us as we can guide and work through the options with them. In some cases, clients have been to the bank and the mortgage was declined. We had a look through this client’s credit file and couldn’t find anything wrong. So, we needed to look at things in greater detail. The client had very little credit, a mobile phone that was always paid and a credit card with no borrowing.
This gave the client a low credit score which didn’t pass the lenders own internal scoring system. We had to find a lender that was more generous and someone we could talk to personally, so we could explain the situation. The relationships that our advisers have with the lenders enable us to do this.
| Property value | £65,000 |
|---|---|
| Loan amount | £58,500 |
| Loan to Value | 90% |
| Rate | 2.79% Fixed for 5 years, over a 30 year term |
| Monthly mortgage payment | £239 |
| Arrangement fee | Nil |
| Valuation fee | £115 |
Good Mortgage Solutions. Working with you, for you.