A First-Time Buyer couple wish to purchase an ex-local authority high rise flat with balcony access in central London. The flat in central London will allows them to be close to work however one of the applicants was issued with a CCJ 2 years ago for not paying a parking ticket. Their parents gifted some money for a deposit, so they were able to borrow £410,000 at 80% LTV. UTB were able to provide a 2 year fixed rate residential mortgage on the 0-status product.
| Why UTB? | Ex-local authority high rise flat with balcony access |
| Product | 2-year fixed rate residential mortgage on 0-status |
| Loan | £410,000 – 80% LTV |
| Applicants | FTB couple looking to purchase their first home – one has a CCJ 2 years ago for not paying a parking ticket |
| Location | Central London, close to couples’ place of work |