| Property | Four-bedroom semi-detached house |
|---|---|
| Location | Bishopston, Bristol |
| Client | Married couple, both employed, two young children |
| Product | Residential purchase |
The challenge
The couple were upsizing and had a healthy deposit from their existing sale. But two nursery fees were reducing their affordability, and their first online quote came in around £60,000 short of what they needed.
What we did
We compared how different lenders treat childcare costs and committed spending, as the treatment varies widely. We found a lender whose affordability model suited their profile and timed the application so one child's move to school-funded hours could be reflected. We also coordinated the purchase with their sale to avoid a gap.
The outcome
The full loan was approved at 80% loan to value, and the sale and purchase completed on the same day.
Residential purchase mortgagesMortgages for buying your next home, from first flats to family houses and prime London property.
Learn moreImportant: Your home may be repossessed if you do not keep up repayments on your mortgage. There may be a fee for mortgage advice: up to 1% of the loan, typically £500.