"> £800,000 remortgage to raise capital for new holiday home | largemortgageloans.com
Our Case Studies
Our Case Studies » £800,000 remortgage to raise capital for new holiday home

£800,000 remortgage to raise capital for new holiday home

Need a large residential remortgage? We have the banking contacts to provide a tailored solution where other lenders may not be able to help. To discuss this or any other large or complex mortgage case, please contact us on 020 7519 4984 or email us

Case profile

The clients wished to remortgage their main residence to raise capital for the purchase of a new holiday home in France. However, due to their age (both are 60 plus), the high loan amount, and them requiring an interest only product, securing the borrowing was a challenge.

The clients approached us with the aim of arranging a short-term bridging loan facility, which would give them the time to sell their home in the UK and the funds to buy the new property. They already had the cash deposit for the property but were looking to raise the remaining 80% LTV. They planned to eventually live in their new home in France once they retired.

Their age and the size of the loan required meant that they would not be able to secure the borrowing they needed from a high street lender and would need advice from a specialist broker.


Using our extensive knowledge and strong relationships with a range of UK and international lenders, we were able to arrange a mortgage for the client with more favourable terms than they had initially anticipated.

We took the time to understand the client’s circumstances fully and recognised an alternative solution: There was enough equity in the client’s home to allow them to remortgage it, rather than taking out a bridging facility, to buy their second home. This would not only give them more time and flexibility but would also be much cheaper with more favourable terms, suited to their circumstances.

After presenting their case to both French and UK lenders, we evaluated the various terms and selected a part interest only, part capital repayment mortgage.

The clients were happy with the nine-year term and the repayment method and were able to purchase their new home in France successfully.

Deal Highlights

Loan amount:£800,000
Rate:2 year fixed rate 1.39%
LTV:80% LTV – 75% Interest only and 5% Capital repayment
APR:Overall cost for comparison 4.00% APR representative variable
Term:9 years
Type:£750,000 Interest Only
£50,000 Capital and Interest
Loan purpose:Remortgage to raise capital
Lender’s arrangement fee:£1,499
Early repayment charges:3% in the first year, and 2% in the second year


This case study is for information and illustration purposes only. It is not an offer, or suggestion of an offer. Each mortgage case is assessed on an individual basis and there is no guarantee that the solution described here can be repeated in the future.

Please note that this specific deal may not be available to – or suitable for – all customers, dependent on their individual circumstances. The rate quoted may become out of date at short notice and may not be available at the point at which customers enquire about it. This document may not contain all the information needed for customers to make a decision and they should seek advice.

Overall cost for comparison 4.00%APR representative variable based on 9 years at 1.39% and lender’s arrangement fees of £1,499. The actual rate available will depend on your circumstances. Ask for a personalised illustration.

Your home or property may be repossessed if you do not keep up the repayments on your mortgage. Changes in the exchange rate may increase the sterling equivalent of your debt.

Return to Our Case Studies

Latest Articles/News

Case Studies

The mainstream mortgage market is designed to cater for the majority of can…

Latest/Related News

One of the elements which sets us apart from other mortgage advisers is our…

Press Release

The team at largemortgageloans.com has collectively been nominated for thre…

Press Coverage

Lock down your finances for the coming storms…

LML Brochure

Download our brochure to find out more about largemortgageloans.com and what we can offer

Click to Download

Sign Up

Subscribe now, to hear from us on the latest mortgage market news, products and services.

Client Testimonials


Live chat with
our team now