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Helping a Young Couple Secure Their First Home in London
In March 2024, we were approached by a young couple, both aged 26, living together in London. They were first-time buyers, looking to take the next step into homeownership. With one partner employed full-time earning £30,000 per year and the other self-employed for four years with an income of £27,000, they had a solid foundation but needed expert guidance to navigate the home-buying process.
The couple had their sights set on a 1-bedroom flat in Zone 6, East London, priced at £200,000. They had managed to save a deposit of £10,000, equivalent to 5% of the property value. Despite the challenges of their mixed employment status, we were able to secure them one of the most competitive mortgage rates available at the time.
The process from initial consultation on 7 March to completion and receiving the keys on 14 June took just under three months. We arranged a 35-year mortgage with monthly payments of £980, keeping the couple’s budget in mind while offering them stability and affordable payments. Remarkably, their mortgage payment for the 1-bedroom flat was only £100 more than the cost of renting a double room in a shared house.
Thanks to our tailored advice and commitment to finding the best deal, the couple successfully became homeowners and were thrilled to move into their new flat. Their experience is a testament to how personalised support can turn the dream of homeownership into reality, even for first-time buyers with diverse financial backgrounds.
Your home may be repossessed if you do not keep up repayments on your mortgage.
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