Lifetime Mortgage | Raise Funds
Using our market knowledge, we were able to source a lender that offered our client enhanced terms for a lower fixed rate.
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Using our market knowledge, we were able to source a lender that offered our client enhanced terms for a lower fixed rate.
Read More
Our client was in the process of separating and, as part of the divorce settlement, was obligated to redeem his ex-wife’s mortgage on her £12m property. Simultaneously, he sought to remortgage his own property and wanted to consolidate both borrowings into a single facility.
We were able to source a lender that was willing to use the strength of both clients’ professions - with applicant one’s latest figures in isolation, in conjunction with the full value of applicant two’s current contract, with added evidence of previous renewals at the current level.
Despite complexities with the denomination of our client's income, we were able to source a lender, willing to lend at the required amount.
We were able to secure a short-term bridging loan against our client's current property. This enabled our client to extract the necessary funds from the property to buy into the business.
With our understanding of our client's business and professional sector, we were able to secure a competitive high street rate.
We were able to secure lending, at a market-leading rate, for our client based on the renovated value of the property.
We were able to save our client circa £1,675 per month on his mortgage. When spread across a 10-year fixed term, this was a considerable saving for our client of over £200,000.
We were able to use our extensive knowledge of barrister income and our relationships with specific banks to secure our client a loan at the required amount.
Purchasing a second home in the UK through a limited company is rarely straightforward, especially when income is earned abroad. With the right lender access and structuring expertise, however, even complex profiles can secure tailored solutions. This case study shows how we helped a UK national living overseas acquire a...