Case Study –New Residential Purchase | Quick Completion Deadline

Value £1,700,000
Loan £1,100,000
LTV 65%
Achieved Rate 2.29% (over base)
Term 2-year tracker

The Client

Our client had an offer accepted on a property worth £1.7m, and required a loan of £1.1m. Having sold their family home and currently living in short-term rental accommodation, they had a tight deadline to complete on the purchase of the property. However, as a large portion of the client’s bonus was paid in stock, which is excluded by retail banks, this impacted his affordability.