Case study : Remortgage

Self Certification with bad credit

Mr & Mrs Hind

Mr and Mrs Hind had a mortgage of £100,000 on a property worth £210,000 and were paying £540.83 pm at a rate of 6.49% on an interest only basis, and wanted to raise an additional £25,000 to carry out some home improvements on their property and buy a new car. However, as they had missed one of their recent mortgage payments, and had defaults and a small CCJ for £500 registered against them they where declined further advance facilities by their own bank and for remortgage facilities by other high street lenders.

Within 20 minutes of phoning us and speaking to one of our advisors we had arranged a mortgage for them with one of our in house lenders for £125,000 at a fixed rate of 5.25% for two years on an interest only basis (with no redemption penalty overhang) at a payment of £546.88pm.

By handling the whole process in house from application to completion we processed the whole case quickly and Mr and Mrs Hind received their money within 4 weeks of contacting us.

At Mortgage Sense we will talk and guide you though the Mortgage Process

If you wish to know more or have an enquiry please contact one of our fully qualified friendly advisors today.

Back to Our Customers