90% LTV Mortgage Purchase For London Based Young Professional Couple

90% LTV Mortgage Purchase For London Based Young Professional Couple

Area
London
Capital Raised
£1.4m

The Scenario

Our clients were both lawyers who had found their dream home in London.

They had excellent salaries which were on the rise but required 90% LTV on the £1.56 million residential purchase.

They wanted to keep monthly mortgage payments as low as possible because they would like to complete some improvements to the property. 

The Solution

We approached a lender who remained comfortable at 90% LTV and we were able to negotiate a structure which built in an appropriate amount of interest only.

This was especially difficult as there was a movement away from 90% due to lockdown restrictions in 2020.

Based on the high loan to value (LTV) required and current risk aversion in the market if the clients had approached the lender directly the case would have been turned away.

However due to our long-standing relationship and experience in structuring this type of mortgage we were able to have the loan agreed at the full 90% LTV on an interest only basis.

Capital reductions were agreed to coincide with the client’s annual bonus payment.

As a professional, you have spent many years to reach your current point and lenders recognise this and can take your occupation into account. You may be in the early stages of your career but will have a clear income trajectory ahead of you as well as job security and stability.

We specialise in finding mortgage solutions for hard working professionals such as lawyers, doctors and accountants, and can arrange finance with lower repayments on an interest only basis but with capital reductions to match when your annual bonus comes in.

Fergus Allen

Finance Broker

Cardiff

0117 959 5094

Are you in a similar situation? I specialise in bridging finance at Clifton Private Finance - I will find you the best funding solution for your property transaction.

Book Consultation

Jacob Phipps

Finance Broker

Bristol

(+44) 0117 959 5094

Are you looking for a similar type of property finance? I specialize in helping international clients source residential and investment property finance for UK property. Please get in touch and we can arrange a time that's convenient for you to discuss your situation.

Book Consultation

Jack Spillane

Finance Broker

Bristol

0117 959 5094

Is your situation similar to this? I specialise in helping clients who need creative development finance solutions, and second-charge mortgages. Give me a call any time and we can set up a detailed discussion of the finance you need. customDatabaseField-8455

Mathew Phillips

Senior Finance Broker

Bristol

0117 959 5094

Are you in a similar situation? I specialise in bridging finance at Clifton Private Finance - I will find you the best funding solution for your property transaction.

Book Consultation

Alex Chambers

Senior Finance Broker

Bristol

0117 403 4324

Are you in a similar situation? I am a specialist in residential and investment property finance for UK and international clients at Clifton Private Finance. Please don't hesitate to get in touch for a no-cost discussion of the finance you need. customDatabaseField-8455

Luther Yeates

Senior Finance Broker

Bristol

0117 244 5561

Are you looking for a similar type of property finance? I have extensive experience finding residential and investment property finance for UK and international clients. Please get in touch and we can arrange a time that's convenient for you to discuss your situation.

Book Consultation

Sam ONeill

Senior Finance Broker

Bristol

0117 959 5094

Is your situation similar? I am a bridging finance specialist at Clifton. I can find a quick, cost-effective solution for the funding you're looking for.

Book Consultation

Robert Gibb

Senior Finance Broker

Bristol

0117 959 5094

Are you looking for mortgage or short-term finance for residential or buy-to-let property (including HMOs)? I have extensive experience in finding property finance solutions for UK and international clients, both as individuals and limited companies. Please give me a call and let me see what I can do for you.

Book Consultation

Adam Arnott

Associate Director

Bristol

0117 205 0214

Is your situation similar to this? I have extensive experience of advising clients who need creative property finance solutions. Please get in touch and we can arrange a time that suits you for a detailed discussion of your requirements. customDatabaseField-8455

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