Mr & Mrs. Collins who were looking to re-mortgage their property to capital raise £90,000 to repay some unsecured debt. They were currently with Nationwide and like lots of our clients will automatically return to their mortgage lender. Nationwide declined stating the new mortgage was unaffordable.

Nationwide were charging them 3.99% SVR rate and I obtained them 3.24% fixed for 5 years.

I managed to save them over £2,878 per month by repaying all £90,000 unsecured debt and changing their mortgage, which equates to £172,680 over the next 5 years.

Mr & Mrs Lee were looking to re-mortgage and fix their rate They were currently on a Tracker rate. They consolidated £28,495 of debts, the debts and mortgage were costing them £1455pcm.

The new mortgage reduced their payments to £891pcm which is a monthly saving of £564pcm equates to £33,840 over 5 years.

They were next time movers and looking for a 95% mortgage. As far as they were aware their credit was fine. The mortgage in principle referred due to a default registered in 2013 and was satisfied. When queried the default was caused by an error with a PPI claim within Barclays. Barclays would not remove the default and this could scupper their chances of a 95% mortgage and the property chain to fall completely.

The Lender agreed to the mortgage as affordability was good and you could clearly see this was a blip. I obtained them the 95% at 3.55% fixed for 2 years with a £300 cashback to assist with my small fee of £395.

The Client was over the moon with the decision as it would have meant either paying 4.98% for 2 years or a 15% deposit.