Case Study –Existing Mortgage Renewal | Income Denominated in Euros

Value £2,350,000
Loan Amount £1,410,000
Property Location Hampshire
LTV 60%
Achieved Rate 0.84%
Completed February 2022

The Client

We assisted our client in arranging a renewal of an existing mortgage. Our client’s basic salary was paid in sterling, however, his bonus and all income prior to the last 2 months, were paid in euros. This added a layer of complexity, as most lenders will not lend against income denominated in euros. Additionally, our client had another property located in Germany which he frequently used for work and therefore, spent a significant amount of time travelling between Germany and the UK.