£273,600 Residential new build purchase

Case Study

Steph Healey, assisted by Keagan Cole supported a home mover purchasing a new-build residential property, securing £273,600 of funding at 70% LTV with a 6.79% rate. An offer was achieved within just one week, ensuring the purchase could move forward without delay.

Just before exchange, the client missed a mortgage payment due to an administrative error after cancelling a direct debit too early. This created an issue at a critical stage, despite the client having already reserved the property.

The situation was time-sensitive, as the developer allowed only a one-week extension before withdrawing the property. Stephanie and Keagan quickly sourced a lender able to rely on an automated valuation and accept the recent missed payment, enabling the client to meet the deadline and proceed with their new home purchase.

Subject to status. Product and criteria availability is subject to change or withdrawal at any time. For intermediaries only.

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