Purchasing a property to refurbish – Neil, London

Meet Neil

Neil had recently divorced his partner when he came to see us. He had one child and was self-employed, having launched a new business in the past year.

Why did Neil come to us?

Neil was looking to buy a new home that had space for his child when he came to stay with him.

Neil had identified a great opportunity to purchase a property that required substantial refurbishment. However, he was struggling to get a mortgage due to his self-employed status.

Additionally, the property was not deemed fit for mortgage purposes by mainstream lenders, since it had no working kitchen or bathroom.

What did we do to help?

We found a solution through a specialist lender who was able to lend against the property in its current state. They also required only one year’s worth of accounts from Neil’s new business.

The outcome

Neil secured his property for a very attractive price, which will make a great new home for him and his family.

A member of the:

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Altura Mortgage Finance Limited Company Number 11228723. Registered in England & Wales: Uncommon, 34-37 Liverpool Street, London, EC2M 7PP.

Altura Mortgage Finance Limited is authorised and regulated by the Financial Conduct Authority. Firm Registration No: 827849 www.fsa.gov.uk/register/home. Not all forms of mortgage are regulated by the Financial Conduct Authority.

There will be a fee for mortgage advice. The precise amount will depend upon your circumstances but a typical fee will be £500.

If you wish to register a complaint, please write to Altura Mortgage Finance Limited, Uncommon, 34-37 Liverpool Street, London, EC2M 7PP or call 020 3411 0079.

The guidance and/or advice contained within the website is subject to the UK regulatory regime and is therefore primarily targeted at customers in the UK.

A summary of our internal complaints handling procedures for the reasonable and prompt handling of complaints is available on request and if you cannot settle your complaint with us, you may be entitled to refer it to the Financial Ombudsman Service at www.financial-ombudsman.org.uk or by contacting them on 0800 023 4 567.

* Not all forms of mortgage are regulated by the Financial Conduct Authority

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