Once you have discovered your new home there are a range of purchasing options available to you that can help make that dream become a reality
Residential (owner occupied) Mortgages
This type of mortgage can be used when purchasing a property for your own personal use, as either a main residence or a second property/holiday home. Every application will be tailored to an individual’s personal circumstances and consideration given to; affordability, term of the loan, repayment method and future plans.
Buy to Let Mortgages
This type of mortgage is used when purchasing a property as an investment, which will be let out either on an AST or short-term/holiday let basis.
The typical deposit for a BTL is 25% of the purchase price though there are some buy to let lenders that will accept 20%. Currently BTL interest rates can be as low as 1.19% per annum, with a 35% deposit required. With a 25% deposit, rates can be around 1.59%+.
Affordability is less reliant on your personal income but based on what the property can be let out for. Every lender will assess the rental amount differently to the next so it is important that you get the best option for your circumstance.
5% Deposit Unlock
We are now offering 5% deposits for apartments at Eastern Escape for more information to apply for your 5% deposit unlock contact us directly.
Sales Process
When buying a property from Estateducation, the process couldn’t be simpler. We like to keep things straightforward by managing the sales process in-house. Our consultancy team delivers an efficient and knowledgeable service in helping buyers make informed decisions.
Need a mortgage?
Teal Finance is a broker not a lender and is independent with access to a wide range of lenders across all market segments. Call 01603 574404 to obtain your pre approval if you need to obtain a mortgage to buy one of the stunning apartments at Eastern Escape, Stroud Green, London.
Fees Explained
Fees
There's an administration fee of £299 + VAT applicable to all purchasers.
Upon exchange, 10% of the property purchase price is required. Exchange is required to take place six weeks after your solicitor receives the contract pack from our solicitor.
- £299 + VAT Admin Fee
- 10% property value due on exchange