Mr and Mrs M in their early 70’s had an interest only mortgage with a term coming to an end. They had limited income from pensions and wished to remain in the current family home.
We were able to find a provider that was prepared to lend just under 50% of the property value which released enough funding to repay the existing mortgage loan as well as repay some personal debt. This reduced monthly outgoings for Mr and Mrs M by nearly £1,600 per month and meant that they were able to stay in their current home.’’

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