Our clients’ situation
Our client was purchasing a new-build flat and wanted to maximise their borrowing capacity to secure the property. Affordability was a key consideration, particularly with ongoing household costs playing a bigger role in overall budgeting. The client was keen to ensure that their new home would not only be achievable from a lending perspective, but also efficient to run over the long term. This home stood out for its high energy efficiency rating, offering the potential for lower utility bills compared to older housing stock.
Our solution
To help our client move forward, we secured a mortgage through a lender offering enhanced borrowing via a specialist product (Helping Hand) designed to support higher affordability.
This enabled the client to access the required level of funding, while also benefiting from the features of purchasing a more energy-efficient property.
Key elements of the solution included:
1. The property’s EPC A/B rating, indicating a high level of energy efficiency and the potential for lower ongoing household costs
2. A cashback incentive on completion, as part of the lender’s offering for energy-efficient properties
3. A mortgage structure aligned with the lender’s affordability criteria, enabling the client to maximise borrowing
In addition, the case progressed at an exceptional pace:
1. Application submitted at the end of April
2. Mortgage offer issued shortly afterwards
3. Completion achieved within just under one month
This allowed the client to move into a modern, energy-efficient home without delay.
To talk to one of our advisers about your mortgage needs, call us on 08000 38 37 36 or book an appointment today.
This is for information only. Products and rates vary depending on your circumstances, lender criteria and products available at the time.
