Case Study –First-Time Buyer | Legal Complexities

Property Value £235,000
Loan Amount £105,000
Location St Albans
LTV 44.6%
Achieved Rate 3.9%
Completed November 2022
Adviser Hasan Acik

The Client

The client, a first-time homebuyer, was new to the process of obtaining a mortgage and had limited knowledge about how they worked. She had recently inherited some money and found a property she was interested in purchasing. However, the legal aspects of the process proved to be complex, particularly concerning her desire to keep pets in the property. Additionally, the solicitor handling the case required further information, such as an EWS1 survey, to assess the potential cost of any necessary remedial works.

new home, first-time buyer