Mortgage Case Studies
The following case study is an actual case , which
has been dealt with in the past 5 years.
| 8 Bedroom
Guest House |
| Location: Norwich |
|
Property Type: 8 Bedroom Guesthouse in which the
owners also resided |
|
Case details: The applicant was advanced £380,000
on a valuation of £600,000. The husband and wife
team had been in the industry for over 7 years.
The applicants had a complete mortgage history
but had incurred two ccj’s due to ill-health
nearly four years ago. The applicants were again
refurbishing the property and used the
additional capital to complete these works and
add soft furnishings throughout the property.
The mortgage history and management accounts
supported the self declaration of income. The
margin on this case was 4.25% over a 25 year
term. |
| |
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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
|
