Case Study –Investment Banker – New Residential Purchase

Value £2,400,000
Loan Amount £2,040,000
Property Location Wandsworth
LTV 85%
Achieved Rate 2.69%
Term 2-year fixed

The Client

Our client had an offer accepted on a new residential property at £2.4m and required a loan of £2.04m. The client had a strong income, however, with significant monthly outgoings for maintenance and school fees, he wanted to minimise his monthly committed expenditure by taking the loan on an interest-only basis.