Have you considered raising capital for an investment property to negotiate a better price? We are experts at arranging large loans for unspecified properties.
To discuss this or any other large mortgage case, please contact us.
Case profile
Our client was looking to remortgage their home and raise capital in advance of finding an investment property to buy, which would help them secure a better deal as a cash buyer. The sole earner received a basic salary bolstered by significant quarterly bonuses. Our client wanted to use an interest-only facility and to borrow as much as possible.
Solution
We used our experience and contacts to find lenders offering the highest loan-to-value, which we then whittled down to the most suitable lender by scoping out who could assist with quarterly bonuses in excess of a basic salary and who could provide a five-year fixed rate.
We sourced a lender who was comfortable lending £976,000 over a 21-year term, with £750,000 to repay the current mortgage and £226,000 raised for the new purchase. We provided them with a loan to value of 80% and borrowed 50% of the value on an interest-only basis with the remaining 30% on repayment. All was secured at a competitively low fixed for five years.
To discuss this or any other large mortgage case, please contact us.
