Client Testimonials

Ruth from Chester

Ruth was really pessimistic about the prospects of being able to buy a house. She had no deposit and some loans so the additional cost of a mortgage would have been unaffordable. We advised her to identify a property and we obtained a loan of more than 100% of the purchase price. This meant that she could buy the house without a deposit and repay all her loans so that the new mortgage was affordable.

Initially, she was in negative equity but the mortgage operates on the repayment basis so her debt is reducing. House prices have risen sharply so she has created a worthwhile amount of equity in the property. We are now advising her to change her Lender to benefit from a lower interest rate. This will give her the choice between reducing her monthly costs and reducing the term of the mortgage.

Testimonial

I was really despondent about my prospects. I couldn’t see how I could afford to buy a house and I was worried that property prices would escalate and I would not be able to afford a mortgage in future.

I was introduced to Cambrian by a colleague. With their advice I was able to obtain a mortgage and repay all my loans. They warned me of the dangers of negative equity but my debt is reducing and the value of my property has increased. They also found the most competitive life cover and critical illness cover so my mortgage will be repaid if I died or suffered an insured condition.

Now that I have plenty of equity in my property I can move to an even more competitive Lender and I think that I will probably operate the next mortgage over a shorter term. If I hadn’t been introduced to Cambrian, I would probably still be living in a bed-sit and paying my debts off.