Joint older borrowers - sole owner

Our solutions

2ND AUG 2020

Joint older borrowers - sole owner

Marianne, Intermediary Team Lead, had a recent case where an older couple were keen to help their son buy his first home. By providing a £250k interest only, joint borrower sole owner mortgage and using their investment portfolio to support his affordability, we helped them get him onto the property ladder.

OUR SOLUTION:
We offered a discounted mortgage with a pay rate of 2.74% for the first five years and a 0.75% product fee. This solution reflected their circumstances:

    • Older borrowers
    • Joint borrower sole owner
    • Interest only
    • Complex income

This is a recent case example, pricing is tailored to your clients’ individual circumstances.