A Flexibile approach in action..

An intermediary approached the Bucks with the case of a 55 year old, who had an existing interest only mortgage of £120,000 which had come to the end of its term.

The client was not able to secure an extension from his current lender and with retirement looming (age 68) he did not want to transfer the whole mortgage to repayment.

The underwriting team were able to construct a mortgage in multiple loan parts to meet his personal needs and ensure that he could continue to stay in his home.

How the Loan worked

Loan Part 1 
£40,000 on repayment basis over 13 years

Loan Part 2 
£50,000 on interest only basis over 13 years (Repaid from pension lump sum)

Loan Part 3
£30,000 on interest only/repayment with a term up to 40 years subject to affordability assessment in retirement.

If you have an unusual case our flexible approach may just be the answer you need. Contact us today on 01494 879517