Repayment support case studies:
Ms Lawton was nearing the end of her fixed mortgage deal
The 46-year old small business owner was worried rising interest rates would impact her ability to switch to a new deal.
Ms Lawton was feeling the impact of rising inflation both personally and professionally but thanks to some sensible budgeting, she was able to remain comfortably afloat.
However, the single mum was very aware the end of her current mortgage deal was approaching and she’d been keeping a close eye on the mortgage rate changes over the past few months. She was worried her monthly mortgage payments were about to increase dramatically.
We’d contacted Ms Lawton when 12 months remained on her current deal so she got back in touch with us to discuss what her options were.
One of our friendly and experienced mortgage advisors discussed Ms Lawton’s current financial situation and we requested she complete our cost of living questionnaire as well as our online income and expenditure form.
We were then able to consider a number of mortgage products and assess whether the monthly repayments were within Ms Lawton’s budget.