From rental to forever home
A visit to The Nottingham’s Bulwell branch to find a rental property ultimately resulted in a couple being able to buy the family home they thought they were on the brink of losing.
Married Denise and David Bell had lived in their rented Bulwell house for 23 years when, out of the blue, the landlord announced that he was putting it up for sale.
With the prospect looming of having to move from the property that has also been home for their daughter and where their grandchildren have spent a lot of their early years, Denise was understandably emotional on meeting customer services assistant Pam Purdy.
She and David had presumed that a mortgage was out of the question, believing that with Denise being 60 and her husband five years her senior that they would be too old to be considered.
However, after a comforting cup of tea and initial fact-finding chat with Pam they were connected via video link to Nottingham Mortgage Services adviser Pippa Graves, and things started to look more positive - with the story ultimately having a very happy ending.
Denise explains: “When we arrived at the Bulwell branch that day we really didn’t know what was going to happen next - other than that very soon we were not going to be able to live in the house we had been in for over 20 years and we needed to find somewhere to rent.
“From the minute we met Pam she was an absolute diamond. We were very emotional due to the situation, so she arranged for us to have a cup of tea and a seat. Pam gave us space and time to talk about things and then asked if we had considered buying our own house.
“It hadn’t even crossed our minds as we thought mortgages were always for 25 or 30 years and that we were too old to get one. Pam said it was worth a chat with a mortgage adviser and connected us, via video link, to Pippa.
“Speaking via video conferencing was a comfortable experience, as we were talking about a hugely important matter so it was important that it was face-to-face. Pippa expertly explained we could be considered for a nine-year mortgage and that our incomings would more than cover repayments.
“She searched over 60 lenders - thousands of mortgages in fact - and found the deal that was right for us. It was such a relief when the mortgage was accepted and we knew we would soon have the green light to own our house.
“Everyone at The Nottingham bent over backwards to help us and the end result is that we are able to stay in our home and in the area where we have been all of our lives. We are very grateful for all of the support, expertise and kindness we have received.”
Denise also urged others to not take it for granted that they would be rejected for a mortgage.
She added: “Walking into the Bulwell branch that day has turned our lives around. We have gone from near despair to being able to happily live in our own home without worrying.
“My message to others who are feeling the way we were about a mortgage is that it’s absolutely worth a conversation with The Nottingham about your circumstances and what you’re looking to achieve. There’s no hard sell and, as we found to our benefit, you might be surprised by the outcome!”
Qualifying members* of The Nottingham’s Member Rewards programme can access whole of market mortgage advice provided by Nottingham Mortgage Services fee-free (typically £299) in any of our branches or over the phone.
For mortgage information or branch locations visit www.thenottingham.com or call the Nottingham Mortgage Services team on 0344 481 0013.
Your home may be repossessed if you do not keep up repayments on your mortgage.
Whole of market mortgage advice is provided by Nottingham Mortgage Services Ltd (NMS); an appointed representative of Quilter Mortgage Planning Ltd, which is authorised and regulated by the Financial Conduct Authority; registered No. 440718. NMS is a wholly owned subsidiary of Nottingham Building Society and registered in England and Wales, No. 03089887; Nottingham House, 3 Fulforth Street, Nottingham NG1 3DL.
If Nottingham Mortgage Services find you the right mortgage there may be a one-off fee payable when we submit your mortgage application. You will be charged a fee of £299 (non-members), £149 (new Nottingham Building Society savings customers or previous customers of Nottingham Mortgage Services) or free for building society members who have held a minimum of £500 in one of our savings account for at least 12 months. If you pay for our service and for any reason you don’t complete on your mortgage, we will refund the amount you paid minus a £99 application fee.
* A qualifying building society member is someone aged over 18 who has a savings balance of at least £500 and, in addition, has held a savings account with us for at least 12 months or currently has a Nottingham Building Society mortgage. Full terms and conditions can be found at www.thenottingham.com/member-reward-terms-and-conditions/
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