This case study features a young couple, a primary school teacher earning £35,000 annually and a carpenter earning £40,000 annually (combined income £75,000), with no outstanding debts. Their dream was to achieve homeownership, but the traditional high-deposit mortgage requirements seemed like a significant hurdle.
Here's a few examples of what we do.
Optimising Investment Strategies for BTL Purchases
A client approached Advantage FS after consulting with three other mortgage brokers regarding a Buy-to-Let (BTL) property purchase. The client, with a £70k annual income, no outstanding debts, and an existing £90k mortgage on a £300k property, was aiming for a 15% deposit on the new BTL investment.
Helping an Expat Client Secure Refinance
A British expatriate living in Denmark contacted Advantage FS after being misled by another mortgage broker. The client, seeking to refinance his Buy-to-Let (BTL) property in the UK on a like-for-like basis, was incorrectly informed that the desired loan amount wouldn’t be possible.
Mortgage Extension and Then A New Loan
Our client faced a critical situation. Their existing interest-only mortgage was nearing the end of a six-month “grace period” offered by their lender.