Mortgage advice to purchase a new home

When 28-year-old Robert Matthews viewed a house in Wiltshire he decided to put an offer in right away, which was accepted. However, when another buyer also put in an offer which was accepted Robert stepped up the pace by saying he could exchange within 21 days… He needed the best possible mortgage advice and so phoned L&C Mortgages.

Robert, a self-employed carpenter from Bath, wasn’t a first time buyer as he had owned a property before which he had subsequently sold. He had a deposit to put down on the new property and required a mortgage of £150,000 to purchase. As stability of payment was important to Robert, his L&C adviser recommended an Abbey product: a fixed rate mortgage of 5.64% for 5 years until 02.04.10.

The product benefits from having no higher lending charge, no extended early repayment charges after the 5 year fixed period, daily interest calculations and the ability to overpay the mortgage by up to 10% of the remaining balance each year.

L&C managed to get Robert an offer from Abbey within 9 days of his phoning, which meant that he met his deadline and exchanged well within the 21 days. Robert also took out buildings and contents insurance through L&C, as well as Life insurance, and is now happily installed in his new home.

Says Robert: I was very impressed with the service at L&C. The whole service was faultless – the customer service, the mortgage advice, the insurance - the whole lot was excellent. Very helpful! I would thoroughly recommend L&C!