A broker recently introduced us to a client who worked in investment banking. The client was looking to purchase a six-bedroom family home.
The client wanted to purchase the new property without selling his existing home and needed to move quickly. The client had a complex income structure including a salary, cash bonus and deferred stock, and required a high LTV for the new purchase.
Due to our extensive knowledge in private banking solutions, we offered the client an 80% LTV, interest-only loan on a five-year fixed rate with annual capital reductions. We provided this as a consumer buy-to-let mortgage on their existing property, to enable them to buy their new home.
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Your property may be repossessed if you do not keep up repayments on your mortgage. Investec residential mortgages are only available for residential properties in England or Wales and are primarily available to UK residents and subject to eligibility.