What was the situation?
A client approached us at the start of their property journey looking to purchase their first home. After an initial discussion, we determined they had raised a very healthy deposit through various sources. Knowing this, we quickly established how much they could look to borrow on their income and that they were well positioned to purchase a property.
What was the issue?
Through our earliest discussions, the client had also shown interest in properties they deemed out of their price range. In essence, they were correct because whilst their deposit was strong, their income became a limiting factor.
What was the process?
As a partner of Proportunity, a second charge lender who boosts purchasers deposit funds, we were able to explain and offer them a solution. After exploring what they could achieve with a Proportunity equity loan, the client was far more positive and quickly found a property that exceeded their expectations. Initially this would have been out of their budget, but this became a reality for them as the overall borrowing structure with Proportunity had now made this both affordable and suitable.
What was the solution?
We took care of all the aspects of the mortgage, whilst making sure the client felt they had a trusted partner holding their hand throughout the purchase process.
Proportunity were not only professional throughout, they were also personal and flexible which is critical in ensuring a first time buyer does not feel overwhelmed by the sometimes technical nature of the transaction.
In the end, we were able to secure the client their dream home on a fantastic deal!
“I normally never ever review anything, but I feel like I have to take the time to post a review on LDN. A special thanks to LDNfinance for helping me complete my first property purchase. A special shout out to Drew and Dan for being just great and very professional. Nothing was ever too much, they replied to my every email and telephone call straight away and I was never left wondering what was happening as they were always keeping me up to date with absolutely everything. I cannot recommend them enough, the home purchase has gone so smoothly thanks to Drew and the team, and I would not hesitate to recommend you to my family and friends. Thanks again for all the hard work in making this possible!!”
Case study by Drew Somerston, Mortgage Adviser