Mr and Mrs R were buying a semi derelict bungalow with a view to demolishing it and building a new family home. They had previously spoken to a self-build specialist and been quoted a high rate and 2% arrangement fee.
Solution
We were able to use our long established relationships to agree a bespoke mortgage allowing them to borrow 75% of both the land and build costs with lower interest rate and arrangement fee.
JLM Mortgage Services is a trading style of JLM Mortgage Brokers Ltd. which is an Appointed Representative of JLM Mortgage Network Ltd, which is authorised and regulated by the Financial Conduct Authority, Registration Numbers 953547 and 300629. Further details may be found by visiting www.fca.org.uk. Registered office: 21a Churchyard, Hitchin, Hertfordshire SG5 1HP. Registered company number 13397178. Registered in England & Wales.
The information contained within the website is subject to the UK regulatory regime and is therefore primarily targeted at customers in the UK. Should you have cause to complain, and you are not satisfied with our response to your complaint you may be able to refer it to the Financial Ombudsman Service, which can be contacted as follows: The Financial Ombudsman Service Exchange Tower, London, E14 9SR Tel: 0800 023 4567 or 0300 123 9 123 www.financial-ombudsman.org.uk
*A fee of up to 1% of the mortgage amount may be charged depending on individual circumstances. A typical fee is £695. In some circumstances no fee will be payable. Calls to and from our landlines and mobiles may be recorded to meet regulatory requirements.
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE OR ANY LOANS SECURED AGAINST IT.
