My clients approached me to secure a 1.3 Million Pound Flexible Mortgage Arrangement in one week. They were buying for £827,500 and were looking to borrow 60 per cent loan to value. Having agreed a buy to let mortgage quickly, my clients then contacted me regarding the mortgage they needed on their new residential property.
They were buying a home in Hampstead for £6.15 million. They wanted to borrow £1.3 million with their deposit coming from cash and the sale of their existing home.
Taking the time to understand my client’s existing financial position was the key to this deal. Only by understanding their assets and liabilities could I establish they had a pension fund that we could take into account when negotiating terms with a private bank. Using my underwriting contacts I was then able to secure preferential terms and agree the £1.3 million Flexible Mortgage Arrangement in One Week.