Have your older clients been turned away by their existing lender?
Is income from unusual sources making it harder to find finance?
Is age acting as a barrier to finance?
Does borrowing make better financial sense than liquidating assets?
Would repaying the mortgage in full mean cashing in investments and a loss of monthly income?
Whatever the reason your clients need finance, at TFI we don’t believe older age should act as an automatic barrier towards getting a mortgage. We assess all mortgage requests on an individual basis and can consider a range of atypical income sources to meet affordability checks.
Age in action
We recently offered a balance swap remortgage for a buy to let investment owned by an octogenarian looking to borrow 45% LTV of a £1.5m property. The existing lenders had declined to continue lending to them and other providers would only make an offer if their other investments were transferred to them for management.
Rental yield and income from investments met affordability needs, and we were able to offer a solution without additional product uptake conditions.
Complex mortgage solutions from TFI
- Maximum LTV of 80%
- Interest only maximum LTV of 70%
- Income from investment assets, pensions, annuities and property portfolios considered
- ERC free short term lending solutions available
Ready to talk to us?
Find out more by calling Ralph and the TFI team today call 0822 378 669 or visit our website here.
