Nedbank Private Wealth’s credit specialists were able to determine that his income would remain strong for a considerable period of time
Our client’s outcome
We recommended a triple borrower, joint proprietor mortgage on a 23-year capital and interest repayment basis to align with Clarke’s strategy of retiring by the age of 75. The mortgage had an initial 2-year floating variable tracker over the Bank of England base rate which was important to Clarke as he also wanted flexibility to make overpayments without incurring any early repayment penalties.
Clarke and his family are now proud joint owners of their cottage in Surrey.
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Any examples of investments and structures used are for illustrative purposes only. This case study does not constitute an invitation or inducement to buy any financial investment or service. None of the content constitutes advice or a personal recommendation. Individuals should seek professional advice, based on their jurisdiction and personal circumstances, before making any financial decision.
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