Case Study:
£1.48m mortgage at a high loan to value
The Requirement: 85% on 1.75m agreed for a self-employed business owner, looking to purchase a new property.
The Solution: Bank agreed to lend at this loan to value as the client owned other properties with equity in, which were on the market to be sold. It was agreed that the client would reduce the mortgage in the short term from the proceeds of the sales and that the interest rate would be reduced accordingly.
The Broker: Ian Humphreys
