Residential Purchase
A client having been recently promoted was looking to move to a more expensive house whilst wanting the security of fixing his loan for 5 years. He was of the opinion that fixed rate funding was likely to decrease markedly in the future.
In order to meet his requirements Bolt Allen arranged a loan on a penalty free tracker rate and monitored the fixed rate market for our client on a daily basis.
Every time the products available changed we made contact and reviewed the position at that time. Six months after completion of the loan a 5 year fixed rate came onto the market which both ourselves and the client thought very competitive.
We switched to this loan without charging the client a fee and secured funding at 0.75% less than that offered 6 months before. In total the difference in interest on the two products meant our client saved in excess of £35,000 over the five year period.
Can we help?
As each case is individual, we have provided a questionnaire that will enable us gather some basic information about your requirements. Once the questionnaire has been completed and submitted, one of our consultants will begin assessing your needs and progressing your enquiry.
All information will be treated with the strictest of confidence.