The borrower
Two legal professionals approached Investec when they were seeking to purchase a new family home in Essex.
The problem
The two clients were looking to buy a home together, but owned a number of existing properties including buy-to-let investments and a house for a relative. Initially, they were seeking a high loan-to-value mortgage while looking to sell some of those homes.
Both of their incomes consisted of a monthly salary, bonus and deferred stock options.
The solution
Investec was able to look at their wealth holistically and offered the clients a £2m mortgage on a 20-year term with an initial five-year fixed rate period. The mortgage was predominantly structured on an interest-only basis, with amortisation and annual capital reductions included to suit their specific needs. This enabled the clients to secure their dream home without having to wait for their additional properties to be sold.
Get in touch
If you're a mortgage broker and want to discuss how we can help your clients with their mortgage, contact us.
Further information for mortgage brokers
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Important information
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.
