We got a call from Peter and Lucy whose 23-year-old son was buying his first home. Keen to help him, they approached First 4 seconds to raise £10,000 to pay the son’s deposit.

As Peter and Lucy have a relatively small mortgage on their residential property, the process was very quick and simple. Their son is now happy in his new home. 

Loan amount:                                  £10.000

Loan term:                                       15 years / 180 months

Monthly payment:                         £81.26

Annual rate:                                    4.35%

1st charge mortgage balance:     £365,000

Property value:                               £880,000

Loan to value:                                 42%