New Build Home Mortgage Case Study
days turnaround
loan to value mortgage
saved for our client
The Client
Our clients were first-time buyers. One of the applicants did not have permanent rights to reside in the United Kingdom. They also had quite complex income as they had multiple employers. The buyers had a gifted deposit along with some savings to purchase their first home together. They were looking to purchase a new build home. The clients had limited understanding of the UK mortgage market and were experiencing pressure to exchange and complete from the developer. They found themselves stressed with the whole process. That was until they were introduced to Visionary Finance.
The Solution
Our client approached Visionary Finance where they were first reassured, then expectations were set. Together, we discussed all available mortgage products. We compared the lowest rates to service levels with each lender. This was because our client wanted the quickest mortgage solution at the lowest rate possible. We were in a volatile market at this point, with rates changing daily. We agreed on a way forward and a lender with quick service levels a day before they increased rates. Their application was prioritised to make sure we delivered an offer in time for the completion deadline. The clients were regularly updated throughout the process. Despite the busy market and complex circumstances, we were able to obtain a full valuation and offer within 15 days.