Location: Cheddar, Somerset

Loan Amount:

Finance Category: Residential Mortgage

The Story

As a Cheddar-based mortgage broker, Fox Davidson were approached by Mr and Mrs Pinkleton, who were looking for help with their complex mortgage requirements. The couple already owned a property in Cheddar and wished to purchase a larger property with land in the same area. However, they also wanted to retain their current property and let it out, which meant they needed a “let to buy” mortgage on their current property to raise funds for the deposit on the new property.

The Challenge

The first step for Fox Davidson was to understand the couple’s requirements and financial situation. We asked them detailed questions about their income, expenditure, and future plans. Based on this information, we were able to recommend suitable mortgage products that met their needs. For the let to buy mortgage, we researched the market and identified lenders that offered this type of product. We compared their rates, fees, and lending criteria to find the most suitable deal for Mr and Mrs Pinkleton. We also advised them on the steps they needed to take to prepare their current property for letting, such as obtaining an Energy Performance Certificate and ensuring the property was suitable for letting. For the mortgage on the new property, we helped the couple to calculate their maximum borrowing capacity and recommended lenders that offered the most competitive rates for their circumstances. We also explained the different types of mortgage products available, such as fixed-rate and variable-rate mortgages, and the pros and cons of each.

The Solution

Once the couple had decided on the mortgages they wanted, we helped them to complete the application forms and provided support throughout the entire process. We liaised with the lenders on their behalf and ensured that all the necessary documents were provided in a timely manner. We also kept them updated on the progress of their applications and answered any questions they had along the way. Thanks to our expertise and knowledge of the mortgage market and our knowledge of the local housing market in Cheddar, Fox Davidson were able to secure both mortgages for Mr and Mrs Pinkleton. They were delighted with the service we provided and appreciated our attention to detail and clear communication throughout the process.

Fox Davidson Mortgage Brokers

Fox Davidson are a trusted and experienced Cheddar mortgage broker that can provide expert advice and guidance on complex mortgage requirements. We take the time to understand our clients’ needs and financial situation, and we work hard to find the best mortgage products for them.

Whether you are looking for a let to buy mortgage or a mortgage for a new property in Cheddar, we can help. Contact us today to discuss your requirements and find out how we can assist you in achieving your property goals.