Case Study –Lifetime Mortgage | Gifting Living Inheritance

Value	£4,500,000
Lifetime Mortgage	£1,890,000
Location	Notting Hill
LTV	42%
Achieved Rate	4.17% MER
Adviser	Stephen Savill

The Client

Our clients, aged 72 and 73 owned a listed leasehold home, in a desirable London location. They wished to use a lifetime mortgage to gift a living inheritance to their sons with equity released from their property. This would allow their sons to enjoy the benefits while they are alive to see it, as well as help mitigate their own inheritance tax liability.

The Solution

By discussing the case with lenders who do not apply any loan to value reduction for leasehold and who would consider high-value, listed properties, we were able to present the case to a plan funder and negotiate a significantly larger loan at a competitive fixed rate of interest.

The Henry Dannell Difference

After negotiating the loan directly, we worked with the client’s other professional advisers to ensure they received comprehensive advice from all parties, whilst ensuring the application was submitted in time to secure the fixed rate before it increased.