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Case Study 3 - Naomi inherits a property

Naomi inherited a property that needed some work doing to it before it could attain its true market value. Whilst Naomi was in the process of applying for a mortgage for the property she began to strip out the kitchen and bathroom.

When the surveyor came to value the property he deemed that it was not habitable and Naomi was therefore unable to get the mortgage on the property she needed. Naomi also had no funds of her own to complete the works necessary to get a mortgage.

After using the Bridging Loans form to speak to a professional adviser Naomi was able to obtain L85,000 which enabled her to install a new kitchen, bathroom and completely renovate the property.

As soon as this was done Naomi was able to go back to her morgage broker in order to obtain a mortgage and repay her bridging loan.

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About your bridging loan

Is your bridging loan for:      How much would you like to borrow? Residential property Commercial property Building plot     How long do you need the loan for? Please select... 1 month 2 months 3 months 4 months 5 months 6 months 7 months 8 months 9 months 10 months 11 months 12 months or more   When do you need the loan? Please select... Today In The Next Few Days In The Next Few Weeks In The Next Few Months   Proceed to step 2.

Step 2 of 3	About your mortgage
Estimated property value?   Are you a first-time buyer? YesNo   Do you need to self-certify your income? Yes No   Have you: Had a CCJ or Default registered against you? Missed one or more secured loan or mortgage payments in the last 12 months? Been declared bankrupt or had an IVA? Proceed to step 3.

Step 2 of 3	About your mortgage
Estimated property value?   How much would you like to borrow?       Proceed to step 3.

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Your details

First name: Last name:     Phone number: Alternate phone number:   E-mail address: Date of birth:   -- 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 -- January February March April May June July August September October November December ---- 1941 1942 1943 1944 1945 1946 1947 1948 1949 1950 1951 1952 1953 1954 1955 1956 1957 1958 1959 1960 1961 1962 1963 1964 1965 1966 1967 1968 1969 1970 1971 1972 1973 1974 1975 1976 1977 1978 1979 1980 1981 1982 1983 1984 1985 1986 1987 1988 1989   First line of current address: Current postcode:     Based on your loan requirements we have selected the specialist bridging loan adviser called Broker Name to help you with your enquiry. Please click SUBMIT to confirm that you are happy for them to contact you by telephone/e-mail.

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