MHBS solution for High Net Worth case with foreign income
30TH JAN 2020
Chris, Specialist Lending Manager, had a recent case where the high net worth clients wanted to remortgage their main home to raise £500k to support the purchase of a buy to let. We were able consider the property portfolio they had in the background, that provided income paid in Euros, and build a mortgage to meet their needs.
We provided a discounted mortgage with a pay rate of 2.99% for the first five years and a 0.75% product fee. This solution reflected their circumstances:
- Complex income and high multiple
- Capital raise
This is a recent case example, pricing is tailored to your clients’ individual circumstances.