We were approached by a client who wanted to remortgage her home and raise some extra funds.
This client only had one year of accounts. She had equity in the property but her existing mortgage company would not allow her to raise the extra funds. Although one year of accounts is never enough with some lenders, others are OK with this if they feel you are in a profession that you understand.
| Property value | £250,000 |
|---|---|
| Loan amount | £100,000 |
| Loan to Value | 40% |
| Rate | 1.75% Fixed for 2 years, over a 10 year term |
| Monthly mortgage payment | £908 |
| Arrangement fee | Nil |
| Valuation fee | Nil |
| Legal Fees | Nil |
Good Mortgage Solutions. Working with you, for you.