Moving home - case study
How we helped James and Ashley secure their new dream home
Find out how Caenstone managed to help James and Ashley purchase their dream home while keeping their current home as an investment property…
James and Ashley reached out to their mortgage advisor at Caenstone after deciding now was the time to start looking for a larger family home. They’d been living in their apartment for five years and even though it was perfect for them, the news of a new arrival plus promotions and increased salaries in recent years brought the move forward.
The paperwork was reviewed the same day and we had a mortgage The dream home had several interested parties however, because they didn’t need to sell their current home to complete the purchase, their offer was accepted.
After reviewing their current circumstances, we were able to draw up several different available options, along with a potential budget for a new family home. Due to their cash savings plus a reduced mortgage balance and increased value on their current apartment, James and Ashley unexpectedly had the option to keep their current home as an investment for their children, while still being able to purchase their dream family home, taking out a mortgage on each.
With their new budget and confirmation that the buy to let mortgage was affordable, James and Ashley were quick to find a property that ticked all the boxes. The dream home had several interested parties however, because they didn’t need to sell their current home to complete the purchase, their offer was accepted.
Three weeks later, both mortgages were offered and James and Ashley were thrilled with the speed of things.
