Brightstar were able to source a second charge mortgage lender who were happy to lend on the basis that the client was raising funds to finish the kitchen and bathroom to make the property fully habitable. The client was required to provide builders quotes and full costing of works to satisfy the lender that there would be no further borrowing required after their funds had been released.
The client secured £135k to complete the works at a rate of 4.35% fixed for five years. The rate also coincided with fixed rate term remaining on their existing mortgage.
Our introducing broker received £2500 for referring the client to Brightstar, who provided them with the required advice.
Criteria and rates available at time of publishing and are subject to change
FOR INTERMEDIARIES ONLY AND NOT INTENDED FOR THE GENERAL PUBLIC