Case Study –Mortgage Review | Preventing 3x Rate Increase

Clients Profession Company Director
Property Value £1,215,000
Loan Amount £515,000
Location London
LTV 42%
Achieved Rate 4.46%
Completed February 2023

The Client

Our client was looking to remortgage as the existing rate on their mortgage was nearing its expiration. However, their financial records from the past two years revealed a decrease in income as a direct result of the adverse impact of the COVID-19 pandemic. As a result, when assessing affordability with potential new lenders, the client’s maximum available loan amount was found to be approximately half of their current outstanding balance.

happy client