This case study highlights the importance of talking to an experienced mortgage adviser with the relevant knowledge.
Our clients' situation
They wanted to buy a home with their partner but jointly owned a property with their sibling that had a mortgage on it. Having found the ideal property and wanting to proceed, all the mortgage brokers they’d spoken to told them that their only option was to sell their current property. As well as the potential timescales issue with suddenly having to sell a home and the impact that could have on their purchase, it would have left their sibling in a difficult position.
Alexander Hall's solution
We were able to take a more holistic approach and managed to offset the current mortgage debt as the property was occupied by a family member. This meant that our client was able to put an offer in with their partner for their new home and hold onto their current property with their sibling.
To talk to one of our advisers about your mortgage needs, call us on 08000 38 37 36 or book an appointment today.
