Greg had been through a lengthy divorce and was in quite a lot of debt. He was starting to think that there was no way back onto the mortgage ladder and he was struggling to see a way out. They began talking about letting out their current property in order to raise a deposit to buy a new house and to lessen the financial impact of a move by making some money on their existing property.
They began talking about letting out their current property in order to raise a deposit to buy a new house.
Their first concern was whether this was a viable option and they were recommended to approach Kevin at Number One Mortgages early on in the process:
“Kevin was very knowledgeable and put us instantly at ease. We had our reservations because it is such a big thing becoming the owner of two houses, but he was quite unbelievable in putting our minds at rest”
As Greg discovered, there are multiple benefits to approaching an independent financial adviser: “Kevin was able to look at our very personal circumstances and offer us appropriate advice. Being completely independent he was not tied to any particular lender and was able to find us the best deal.” We asked Greg if he had any advice for people also considering a let-to-buy:
“For me, it was such a relief to realise that all the doors hadn’t closed. Letting out our existing property has suited our own personal circumstances and enabled us to have the house we’ve always wanted whilst not overstretching ourselves financially. I cannot thank Number One Mortgages enough.”
We are always available to offer advice on this and other financial matters. Contact us on 01273 736536 or use our contact form.