Joint Property Purchase
Mr & Mrs B contacted us as they wanted to buy a property jointly with their daughter who was relocating to the area.
The clients need was for an 80% mortgage but were restricted due to the applicants age, Mrs is 58, and both applicants had adverse credit history. Unfortunately a few years ago the clients got into financial difficulties and ended up having to enter a debt management plan and had defaults registered against them.
The clients had approached other brokers but were told this would not be possible, however, after extensive research we were happy to be able to let the applicants know that we could help them.
Homeline Mortgages were able to place the clients with a well-known high street lender who were willing to ignore the applicants’ age restrictions and were happy to take into account the applicants adverse credit history, letting them purchase the property they wanted at the price they wanted.
On the back of this, we are now helping the people that are purchasing the above clients property to get their own mortgage.