HENRY WANTS TO IMPROVE HIS HOME Henry wants to do some home improvements but


unfortunately like many people has missed a few credit card payments. He’d like to increase his mortgage to put an extension on his house for his growing family but his current lender will not consider a further advance because he failed the credit score. A secured loan looks very expensive so he is seeking advice from his local mortgage broker.


Precise Mortgages can do a deal for Henry that will work out much cheaper than an expensive second charge loan. Henry has a stable job and has comfortably passed our affordability tests. We will lend up to 80% LTV and the missed credit card payments shouldn’t pose a problem.


AHMED HAD MORTGAGE ARREARS


Ahmed has historical mortgage arrears and is on an attractive tracker product. He has been reading the press and like many people is worried about interest rates rising and is fearful of running into fi nancial problems again. Ahmed wants to fi x now before rates start to rise but his current lender is not doing new loans and therefore he can’t fi x without remortgaging to a new lender. His credit profi le is still such that he cannot move to a high street lender but he has good equity in his property.


Ahmed could have his problems solved by remortgaging to Precise Mortgages, we have a selection of fi xed rate products and we will accept cases with up to three missed mortgage payments in the last three years. Some of our products also have cashback and refund of valuation and assessment fee to help with the costs associated with remortgaging.


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