Mortgage Case Studies 2018-01-22T15:35:10+00:00

The types of finance that Fox Davidson arrange varies. On this page you will find mortgage case studies of recently completed transactions that we have successfully secured for our clients.

Bath Development Property – Case Study

To purchase a property in Bath for renovation. In addition, the property had planning approval for a detached house on the land adjacent. Purchase price £1.1m.

The existing property consisted of two flats under one freehold. This property would be renovated and then let out on 12 month AST’s.

A new build 4 bed detached house would be built on the land, this also needed financing.

Fox Davidson secured 65% loan to value against against the existing property. We also agreed terms with the same lender for development finance at the same low rate of 3.75% above base rate on the land for development, released in stages, up to 65% loan to gross development value.

On completion of the renovation of the flats Fox Davidson secured buy to let finance secured on the two flats under one freehold. The refinance secured a lower rate of interest and released capital for onward projects.

First Time Buyer Stipend Income – Mortgage Case Study –

Fox Davidson were approached by a client studying for a PHD with a stipend of £24,000 tax free per annum. Their partner was in gainful employment and earned £47,000. As a whole of market mortgage broker we were able to secure finance with a lender that took 100% of both incomes resulting in a loan of almost 5 x joint income. The clients were able to buy their first property.

Expatriate – Mortgage Case Study –

Our client worked for a large multinational firm and was based overseas with an income paid in a foreign currency. His family lived in the UK and relied on his income. Fox Davidson were asked to finance a purchase in London of £3,800,000 with finance of 70% loan to value. Using our direct contact with a large loan underwriter at a high street bank Fox Davidson secured finance of £2,660,000 with a high street bank on an interest only basis on an almost market leading fixed rate for 3 years.

Care Home Finance – Mortgage Case Study –

Fox Davidson were approached to secure terms across a portfolio of care homes (learning disability). The existing finance was on a variable rate of around 5%. The commercial loan required was £2 Million with property security of £4.3 Million. Using our local commercial funding contacts we put in place a loan at a rate of 2.1% above bank base rate. The client now has a lending manager at the bank that they meet with regularly and that understand the care home sector very well. The bank will also support our client with any future care home acquisitions.

Urgent Buy to let  – Mortgage Case Study –

Fox Davidson were approached by a client who had recently applied direct to a lender on a student buy to let property in Bath. The solicitor could not complete as the lender only allowed a maximum of 4 people on one AST and the property was let to 5 students. The requirement was to source funding and produce an offer within a tight deadline to stop the vendor selling to other interested parties. Fox Davidson applied for the loan and had a valuation carried out quickly and the mortgage offer was produced within 6 working days allowing the client to exchange.

Development finance for an offshore Ltd company – Commercial Mortgage Case Study –

Our client was an offshore Ltd company held in trust. The trust required development finance of £8m+ to develop a desirable London property from it’s current ‘shell’ state into a habitable residential property. Private banks would not lend and so specialist finance was sought from a high net worth Bridging finance company to lend for 6 – 9 Months. Fox Davidson achieved a loan to value in excess of 75% on completion and ensured the client could realize the properties potential once fully developed.

Self-Employed – Mortgage Case Study –

A director of a Ltd company asked Fox Davidson to secure lending on their new dream home. Their own bank had declined them due to affordability. Using our knowledge of mortgage lenders criteria we placed the lending with a lender that was able to use retained profit in the Ltd company in their affordability calculations. The application was agreed and the clients moved into their dream home in the Abbots Leigh area of Bristol.

Buy to let portfolio finance – Case Study –

A successful professional property landlord in Cardiff asked Fox Davidson to refinance part of their property portfolio at 75% loan to value with a total loan of £7.2m. The properties were mainly Victorian houses converted into several self-contained student flats. Lending was secured in the name of a Ltd company using just one lender.

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Read what our clients have to say about us

I would not hesitate to recommend Fox Davidson to family and friends. I am a first time buyer and therefore the house buying process was a little daunting to start with but I was kept fully up to date throughout the whole process to the point where I would receive an update email at least twice a week.

I was also extremely pleased to find that as well as assisting with the mortgage I was also being provided assistance with home and life insurance. The service I have been provided is definitely good value for money and I am very grateful to everyone at Fox Davidson who has helped me.

Miss R Power , Bristol

Having been let down by another mortgage broker (who seemed to only want to assist with a mortgage if we took other products too) I stumbled across Fox Davidson. As I am based half in London and half in Bristol, they seemed the perfect fit. Having connected with them and receiving prompt, relevant and helpful advice at the outset of our property search, I had no hesitation in coming back for the mortgage itself.

The mortgage application process was rendered painless and they bent over backwards to help with the sale. They also were extremely helpful and supportive when our first purchase collapsed, also managing to make mortgage application #2 equally as smooth. Thank you so much!

K Gibson, London

After using Fox Davidson for my first buy to let purchase I didn’t hesitate to get in touch again when the time came to buy a second property. Being an expat living and working in Thailand I had found through my own research that the options available to me would be limited, however I needn’t have worried. Fox Davidson found me a mortgage that suited my circumstances  perfectly. They have helped to make what could have been a complicated process very simple and stress free.

Great people, Great knowledge, Great service.
Thank you Fox Davidson.

Mr Christopher Hoare , Thailand
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