LoansBrain Case Studies
Fluent for Advisers Case Studies Case study one
Case study two
Objective:
Objective:
Mr and Mrs G from Kingston upon Hull were looking for a debt consolidation loan for £54,000.
Mr and Mrs M from Warwick needed to extend their property due to their growing family. The credit report showed a good credit score with some existing unsecured credit (cards and a loan).
• Employment status - Employed • Property valuation - £95,000 • Mortgage balance - £8,407 Credit search showed - a good score with lots of unsecured debt.
Outcome: Fluent for Advisers arranged a secured loan over 15 years, saving the client £650pcm with £2,000 cash out for some much needed home improvements. • Annual Rate - 6.912% • LTV - 69.9%
Benefits to the Clients The Clients were able to pay off their expensive high street borrowings and reduce their monthly out goings whilst protecting their existing low rate mortgage and avoiding their expensive redemption penalty.
Benefits to the Adviser: Fluent for Adviser who introduced the Clients gave them the best advice solution to their borrowing requirements which considered another option to a remortgage. For doing this, the Adviser earned £2,000. LoansBrain - Case Studies
• Employment status - Employed with stable incomes • Property valuation - £700,000 • Mortgage balance - £302,000 • Mortgage type - repayment mortgage, BRT with HSBC, 0.1% above Bank base rate • Loan sourced - Annual rate 5.5% and LTV 52.5%
Outcome: Fluent for Advisers were able to arrange a low cost second charge for £63,000 over 24 years. By also clearing the Clients’ existing credit, they obtained the funds for their much-needed extension and actually saved £185 pcm on their outgoings.
Benefit to Clients: The Clients managed to protect their excellent low rate mortgage, obtained the necessary funds for their property extension and did so with a reduced monthly cost on their outgoings. Page 1 of 3