Our clients were looking to purchase a new build detached property in Northern Ireland for £377,500. The vendors of the property were pushing to complete within 4 weeks since they had previously sold the property, but it fell through late in the process. Despite the time crunch, we were able to secure a mortgage offer from Barclays within 2 weeks of the application being submitted, and completion occurred within 4 weeks. We secured a rate of 1.9% fixed for 5 years with Barclays for a loan size of £237,000. Clients were Directors of two companies and had just started a third. The case was also falling short on affordability, however after submitting the accounts to the underwriter it was signed off as affordable.
“Gareth Briggs was very responsive and helpful. I ended up getting a fixed deal that was lower rate than my usual bank while still having a good permitted overpayment allowance.”
Gareth Briggs
Mortgage and Protection Specialist - Arc & Co.
T: +44 (0) 203 205 2122