The loan was for £30,000, plus a £3000 broker fee & £995 lender fee.
Matt Tristram, joint Director of Loans Warehouse explains:
"Now I know that £33,995 doesn't sound like the biggest loan in the world but when you consider the lender's criteria and the current financial climate, you can't fail to be impressed."
- 65% LTV
- Employed & Self Employed
- Loans from £5000 to £30000 (larger loans exclusive to Loans Warehouse)
- Unlimited Mortgage Arrears
- CCJ & Defaults ignored
- Straightforward approach to self-employed income
The client was passed to Loans Warehouse by an introducing broker as the borrower in question was in arrears on his first mortgage to the amount of £2894.10 and didn't have an accountant. The client had no clear options but Loans Warehouse were able to confirm his income using bank statements and recent invoices; as there was equity in the client's property, First European were happy to offer them the full amount which included clearing the outstanding mortgage arrears.
Matt Tristram continues:
"It was well documented in the past that First European's funding had been unstable but this marks the 19th consecutive month of completions for Loans Warehouse through FES - we've arranged over 100 loans totaling almost £2m in that time!"
Nik Baron, owner of First European comments:
"Despite the complexity of the case the deal went through without a hitch, proving that Loans Warehouse is the go-to broker. They manage to maintain a straightforward attitude and we look forward to at least another 19 successful months working together."
