Mortgage Quotes
Independent mortgage advice is available in the Marketing Suite at Alloa Park from Chris Love, an independent mortgage advisor from Mortgage Simplicity Ltd.
CeMAP qualified in accordance with the Financial Standards Authority to give buyers advice and recommendations on their mortgage needs, Chris works only for the customer to ensure they get the best deal for their individual needs and circumstances.
Chris has worked in Financial Services for thirteen years and been an independent advisor for the last eight years. His friendly, straightforward approach cuts through much of the financial jargon and as a Whole of Market Advisor, he is not limited by scope or a panel of lenders, which ensures an enhanced choice of available products and mortgage solutions for all customers.
To discuss your mortgage requirements, please visit Chris in the Marketing Suite
Tel: 01259 729101. Email: This e-mail address is being protected from spambots. You need JavaScript enabled to view it
Website: www.mortgagesimplicity.co.uk
Buyers can take as little as 5% 10% or 15% Equity Share Options, The Maximum Loan to Value that Lenders will lend on a New Build House is 85% of the Purchase price of that house and your Deposit and Equity Share amount needs to add upto 15% to fit lenders Criteria.
Equity Share %'s are interest free for Ten Years and no Monthly payments are required to be made, but balance needs to be cleared in Ten Years or whenever you sell your home, whichever happens 1st.
Mortgage Quotes for Shared Equity Purchases for buyers with a 5% Deposit and Taking 20% Equity Share from Allan Water.
Arrochar Property - (Plots 29,30,80,81,83)
Purchase Price £152,500
5% Deposit from Customer £7625
Shared Equity Deposit from Allan Water is £30500
£114,375 Mortgage
Costs over 25 years Capital and Interest Repayment are:
2yr Fixed Rate - £553.75
Ochil Property - (Plots 34,37,70)
Purchase Price £192950
5% Deposit from Customer £9647.50
Shared Equity Deposit from Allan Water is £38590
£144712.50 Mortgage
Costs over 25 years Capital and Interest Repayment are:
2yr Fixed Rate £700.63
Cuillin Property - (Plots 31 & 38)
Purchase Price £209500
5% Deposit from Customer £10475
Shared Equity Deposit from Allan Water is £41900
£157125 Mortgage
Costs over 25 years Capital and Interest Repayment are:
2yr Fixed Rate is £760.72
Torridon Property Plot 35 as a Substitution instead Arrochar 3 Bed Semi Detached
Purchase Price £249950
5% Deposit from Customer £12497.50
Shared Equity Deposit from Allan Water is £49990
£187462.50 Mortgage
Costs over 25 years Capital and Interest Repayment are:
2yr Fixed Rate £907.60
Costs over 25 years Capital and Interest Repayment are:
These are best buy table rates correct as of 26/04/2013 and mortgages are subject to status and acceptance from the mortgage lender quoted.
Your home may be repossessed if you do not keep up repayments on your mortgage.
"Other Costs to keep in mind"
Legal Fees £1000 - £1500 approx - Paid on Completion
Mortgage Advice Fee £300 – Paid on Completion.
Survey for Mortgage Purposes Approx £175 - £275 Depending on Value of Home
Stamp Duty is 1% for properties from £125,000 to £250,000.
Factors Float £100 approx – paid on completion.
Tailored quotes available on request for non Equity Share Mortgages and mortgages upto 90% are available.