Have you considered securing a large mortgage before you find your dream home to negotiate a better property price? We are experts at arranging large loans for unspecified properties to enable our clients to become cash buyers.
To discuss this or any other large mortgage case, please contact us.
Our clients were US nationals aged 60 seeking to remortgage their home and raise £500k to buy an unspecified investment property as a cash buyer to enable them to negotiate a lower price and complete quickly.
The primary earner was self-employed with a substantial income working as a partner and management consultant at a top 5 international accountancy firm. Due to the client’s age, they wanted to borrow as much of the loan on an interest-only mortgage as possible to make monthly payments easily affordable.
We found a high street lender with market-leading rates who offered our client a loan without a specific new purchase in place. Most of the mortgage was arranged on an interest-only basis. The cash released upfront allowed our client to negotiate a significant discount on the investment property price, and the transaction moved quickly without a chain.