Key Details

• Residential remortgage.
• Mortgage amount £320,000.
• 8% Loan to value.
• Georgian townhouse. Surrey & SW London borders.

Challenge

The clients existing mortgage reached maturity and being interest only, the full balance was due. The clients had means to repay, but wanted a new mortgage for a further 5 years, in line with their retirement and downsizing plans.

Their home included a lower-ground floor flat separate from the main house and privately rented, that could be a problem for lenders.

Solution

With both clients beyond state retirement age, we first needed to establish and be satisfied a traditional mortgage was the best route.

Confident it was, we worked closely with a specialist building society to demonstrate the clients asset and income position. The lender approved the mortgage and granted permission for the flat to remain rented.

Talk to us today

Speak with our consultants today for a better idea of what’s possible.

‍t. 020 8156 3166

e. luke@haydenblair.co.uk

WhatsApp chat here‍

Book a call with Luke here