First-Time Buyer Mortgage for a Mid-Terrace Property

Case Study

First-Time Buyer Mortgage for a Mid-Terrace Property

Location

Bristol

Property Type

Mid-Terrace

LTV

85%

Lender

Earl Shilton Building Society

Scenario

Client had an opportunity to purchase his current tenanted property as an undermarket value transaction – client had no cash deposit of his own but instead was receiving a non-family gifted deposit.

Solution

To keep payments to a minimum we secured a 29 year term capital an interest repayment mortgage with a lender that would leverage against the true open market value, and also support clients usual personal circumstances.
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THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME.
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY OTHER DEBT SECURED ON IT.

ADD Capital Finance Limited is authorised and regulated by the Financial Conduct Authority, FRN: 674671. ADD Capital Finance Limited is an authorised credit broker and not a lender. We work with a Panel of Lenders whose particulars will be supplied upon request to find a potentially suitable arrangement for your consideration.
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ADD Property Finance is a trading style of ADD Capital Finance Limited, registered at Bank Court, 12 Manor Rd, Verwood BH31 6DY. Company Register number is 05418551.
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