This was a simple purchase with a 66% loan to value with sufficient income on the accounts which more than supported the application. From initial enquiry to the lender wanting to arrange a meeting with the client took only 24 hours.
- Loan Amount – £147,000
- Valuation – £210,000
- Rate – 2.99% over base
- Term – 15 years
- Monthly Payment – £1,003.66
- Repayment Method – Repayment
- Lender Arrangement Fee – £2,100
Although there were a few legal hurdles to overcome with regards to an Asbestos report and part of the building having a flat roof, these were all overcome by ABC Finance working closely with the client and the solicitors.