Concessionary Purchase

Concessionary Purchase

Do you have the opportunity to purchase a property at a reduced price, get help with your concessionary purchase with a mortgage from First Choice Finance

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Highest Loan To Value Purchase Mortgages And Remortgages - Low Rate Loans From £5,000 To £150,000 - Release Your Equity With An Equity Release Plan
On some occasions you may be looking to purchase a property under the market value, this is referred to as a concessionary purchase or below market value purchase. There are a number of reasons why you may be able to purchase a property at a concessionary price, common reasons include you are buying the property, the most common is that you are buying the property from a member of the family and they are offering to help you make that step on to or up the mortgage ladder. Another common reason for a concession on the purchase price of the mortgage is that the seller is in need of a quick sale and is willing to take a reduction on the valuation. Another common scenario is a tenant buying a property from a landlord at a reduced rate, saving the owner estate agent fees and the hassle of advertising and selling the property.

Buying a property does not stop you getting a mortgage, although some lenders may attach certain caveats, First Choice Finance have over 25 years` experience providing mortgages and remortgages, including concessionary purchase mortgages.

Developer Discounts / Concessionary Purchase Discounts
In some cases a developer may drop the price to sell a property, this is often the case if you are willing to buy of plan, or if it is one of the last property`s to sell on a new build estate and the developer is looking to close up and move on to the next development.

What Deposit Will I Need
As with all mortgages the loan to value you will be offered will depend on your personal circumstance, in some cases the valuation will be taken from the concessionary purchase price while other lenders will take the market valuation giving you a better loan to value, especially if you can prove you are getting the property at a reduction of the market value.

First Choice Finance can guide you through a comprehensive range of mortgages and other associated services including but not limited to:

Residential mortgages and remortgages - We have access to a large number of mortgage, which gives us plenty of choice to find the most suitable mortgage for you.

Buy-to-let - We have access to many specialist lenders with mortgages designed around your requirements.

Commercial Mortgages - Unsure about where to get money for your business or looking to remortgage, we can look at both high street and niche lenders to help your business find the most appropriate mortgage. Secured Loans - We have access to a wide range of providers that can give you alternative borrowing options for that new kitchen or home improvement.

Even if you`ve already got these areas covered, it may be that you have another look at your financial health. Either way, it`s well worth your while spending just a little time talking through all the options available to you - and getting some professional, qualified advice to ensure that you`re enjoying the best value with your financial arrangements. Call now or complete our simple online enquiry form.

Mortgages & Remortgages
8.4% APRC.
Representative Example: Borrow £120,000 over 25 years at 5.99%, £778.86 pcm fixed for 3 years at 60% LTV. Then at 8.75%, £974.86 pcm, variable for 22 years. Total payable £286,416. Total cost of credit £166,416 (including: £985 broker fee, £999 lender fee & £164,432 interest)

Late repayment can cause you serious money problems. For help, go to

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First Choice Finance is a trading style of First Choice Funding Limited of 54, Wybersley Road, High Lane, Stockport, SK6 8HB. Copyright protected.