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Moving for a growing family

This couple already owned a flat together but as they were expecting their first child, they wanted to move to a family home. They were thinking they would like to keep their flat to provide some rental income, especially as one of them planned to take a year’s parental leave once the baby was born. They didn’t have many savings set aside for a deposit so were worried they may not be able to afford to keep their flat and buy a bigger house to live in.

Our mortgage advice team wanted to try to make the couple’s ideal wish a reality. So, with the benefit of experience and in working the numbers and reviewing the whole mortgage market, they were able to help the couple to arrange a buy-to-let mortgage on their current flat. This included releasing an amount of equity that the couple then used as a deposit on their family home, alongside a fixed-term repayment mortgage well within their affordable budget!

You have kept us well up to date with all developments throughout the process and your assistance has been much appreciated. We are now excited to get the keys tomorrow and think about moving in!

Your home may be repossessed if you do not keep up with repayments on your mortgage,
or other loan secured on it. 

The content on this page is an illustrative case study. It’s not meant as advice – and the situation it describes may not be the best option for you. Your financial plan should be developed to suit your unique financial and tax circumstances – which is why it can be helpful to get professional advice. 

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If you’d like to chat with a member of the team to discuss our Workplace Mortgage Advice service, or any of our workplace financial wellbeing services, please get in touch.

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