Mortgage Case Studies
The following case study is an actual case , which
has been dealt with in the past 5 years.
| Lock-Up
Shop Purchase |
| Location: London |
|
Property Type: Purchase of a vacant retail
lock-up shop on a London high street at a price
of £105,000 |
|
Case details: The applicant borrowed £63,000 to
acquire the site from auction and convert into a
grocery business. The applicant had two existing
sites and used the mortgage to expand his
business in the local area. A rate of 5% over
base over 20 years, with the applicant using
self certification supported by management
trading accounts. |
| |
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*a proportion of these cases were dealt with directly through our
mortgage provider and are here to provide you with
an insight as to what mortgage problems can be dealt
with
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