Have you ever dreamt of finding your perfect home – a sprawling estate with endless possibilities? But what if making that dream a reality involved some unique challenges? This was the case for one of our long-term clients…
Challenge: Long-term clients found their dream home – a sprawling property with multiple kitchens and over 80 acres! But securing it required a unique solution. They needed to complete the purchase before selling their existing home, and with an 85% loan-to-value (LTV) ratio across both properties – far beyond standard bridging loan options. An additional hurdle: one applicant’s recent job change meant some income was now in USD with no bonus history yet.
Solution: Through close collaboration with a lender, we crafted a custom solution. The loan was split: 90% LTV against their current residence and 80% LTV for their dream property. The first two years are interest-only, with the flexibility to sell their existing home and significantly reduce the loan balance without penalty.
Why choose a broker?
For complex financing needs, especially involving high-value properties, working with an experienced broker is key. We understand how to navigate intricate situations and secure the best solutions for your goals.
“We specialise in creating financing solutions that break through traditional limitations, empowering our clients to achieve what others might say is impossible.”
Luther Yeates – Head of Mortgages