We considered Mr H’s interest rate strategy and he agreed to a 5-year fixed rate product (interest-only) over a 20-year term. This aligned with Mr. H’s anticipated retirement age and his plan to sell other investment properties in the UK and Singapore.
How we helped
We met with Mr H during his visit to London to get a deeper understanding of his complex income structure, which included overseas income and his shareholding in a firm.
Given the urgency of Mr H’s situation, we suggested arranging two separate mortgages. One for the property purchase and another for the equity release from the unencumbered property. By doing so, it allowed us to focus on the purchase first.
We considered Mr H’s interest rate strategy and he agreed to a 5-year fixed rate product (interest-only) over a 20-year term. This aligned with Mr. H’s anticipated retirement age and his plan to sell other investment properties in the UK and Singapore.
By being upfront about timescales with Mr. H, his broker, and the developer’s agent, we were able to agree a realistic completion timeframe.
The result was a favourable outcome for all parties involved, and most importantly, Mr H was able to complete on his desired Queensway property.
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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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