Looking to remortgage a £1.5million 16th century property? Let largemortgageloans.com help

largemortgageloans.com are the team who just won’t quit; when a case lands at our door, the clients have often been told there isn’t a lending solution out there to suit them. However, our team have a wealth of experience and knowledge to find lending solutions were others can’t.

Case profile

We were approached by a client looking to remortgage their £1.5million 16th century property. Having already approached a number of high street banks, only to find repeat severe down-valuations on their property, they were beginning to feel frustrated. In addition, their income was being derived from foreign currency investments and the repayment vehicle for their interest only loan was a foreign currency share portfolio.

Solution

With a number of complexities to this case, Associate Director Dan Gracie engaged with a small building society who specialise in high net worth clients. Accustomed to working with older properties, they instructed a specialist firm of surveyors to value the property. They confirmed the valuation at £1.5m, allowing us to arrange the £1m loan that was sought after.

What’s more, the lender was comfortable with foreign currency investments. Dan was able to secure the interest only loan that was required by using the investments as a repayment vehicle.

Your home or property may be repossessed if you do not keep up repayments on your mortgage.

You may have to pay an early repayment charge to your existing lender if you remortgage.

Changes in the exchange rate may increase the sterling equivalent of your debt.

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Your home or property may be repossessed if you do not keep up repayments on a mortgage or any other debt secured on it. Changes in the exchange rate may increase the sterling equivalent of your debt. You may have to pay an early repayment charge to your existing lender if you remortgage. Think carefully before securing any other debts against your home.  

largemortgageloans.com is a trading name of Largemortgageloans.com Ltd, Aegon House, Ground Floor Suite, 13 Lanark Square, London, E14 9QD authorised and regulated by the Financial Conduct Authority (FCA). Our FCA registration number is 302228 and can be viewed by visiting the FCA website: www.fca.org.uk.  The FCA does not regulate tax advice or some aspects of commercial, buy to let, overseas mortgages, bridging finance, finance and asset lending.  

Largemortgageloans.com Limited is registered with the Guernsey Financial Services Commission, reference number: 2269418, as a Non-Regulated Financial Services Business.  

Largemortgageloans.com Ltd Registered in England and Wales No: 5070990 Registered Address: As above. The guidance and advice contained within the website are subject to the UK regulatory regime and is primarily targeted at UK customers. Calls may be recorded for training and monitoring.