The client is an equity partner at a law firm, and their earnings have increased substantially year-on-year. While they had modest savings, they still needed a large mortgage against the purchase price of their new home in prime central London.
The client needed the mortgage payments to be full interest only for the first year, until they could start making capital reductions following the first anniversary of the mortgage.
They wanted to have the mortgage split between mortgage products. Their income was all in a non-sterling currency.
Enness managed to obtain the large loan-to-value required, with the monthly payments full interest only for the first year, followed by an appropriate repayment plan for the remaining term of the mortgage, to suit their preferences.
Enness were able to split the mortgage products to meet the clients needs and requirements regarding overpayments, ERCs and a mix of product types.
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