Fast 5 x income mortgage despite additional debt being serviced
The Scenario
This client came to us needing a mortgage set up quickly for the picture-postcard 4-bedroom cottage near Newbury that he’d had his offer accepted on.
He’d spent six weeks progressing his application with another lender, only for them to refuse to budge above £430K when they came to consider the additional car and credit card borrowings he was servicing in the background.
The Solution
He needed to borrow 75% of the purchase price in to be able to buy his house.
We went to a lender we knew would lend 5x income without being concerned about his additional debt, with a five-year fix that wasn’t significantly more expensive than a two-year deal.
We had his application submitted two days after he called us, and he had his Mortgage in Principle in hand 6 days later.
Sam Baker
Finance Broker
Cardiff
0117 959 5094
Are you looking for a similar type of property finance?
As a specialist bridging adviser at Clifton Private Finance, I can take a holistic view of your situation and find the right finance solution for you.
Book Consultation
Fergus Allen
Finance Broker
Cardiff
0117 959 5094
Are you in a similar situation? I specialise in bridging finance at Clifton Private Finance - I will find you the best funding solution for your property transaction.
Book ConsultationJacob Phipps
Finance Broker
Bristol
(+44) 0117 959 5094
Are you looking for a similar type of property finance? I specialize in helping international clients source residential and investment property finance for UK property. Please get in touch and we can arrange a time that's convenient for you to discuss your situation.
Book ConsultationJack Spillane
Finance Broker
Bristol
0117 959 5094
Mathew Phillips
Senior Finance Broker
Bristol
0117 959 5094
Are you in a similar situation? I specialise in bridging finance at Clifton Private Finance - I will find you the best funding solution for your property transaction.
Book ConsultationAlex Chambers
Senior Finance Broker
Bristol
0117 403 4324
Luther Yeates
Senior Finance Broker
Bristol
0117 244 5561
Are you looking for a similar type of property finance? I have extensive experience finding residential and investment property finance for UK and international clients. Please get in touch and we can arrange a time that's convenient for you to discuss your situation.
Book ConsultationSam ONeill
Senior Finance Broker
Bristol
0117 959 5094
Is your situation similar? I am a bridging finance specialist at Clifton. I can find a quick, cost-effective solution for the funding you're looking for.
Book ConsultationRobert Gibb
Senior Finance Broker
Bristol
0117 959 5094
Are you looking for mortgage or short-term finance for residential or buy-to-let property (including HMOs)? I have extensive experience in finding property finance solutions for UK and international clients, both as individuals and limited companies. Please give me a call and let me see what I can do for you.
Book ConsultationAdam Arnott
Associate Director
Bristol
0117 205 0214