Property price: £2,000,000
LTV %: 75% (£3m max)
Rate: 2.14% 2 year fixed
Over how many years: 2 year fixed
The property was a house in Wimbledon, London.
The client was a Chinese national moving to the U.K. once his new purchase completes so he can send his daughter to school in England.
The client was looking for a mortgage on an interest-only basis.
The client had never lived in the U.K. and did not have a U.K. footprint or bank account.
I liaised with the private bank we were working with and was able to prove his source of wealth, his affordability – all made easier by getting his documents translated.
I was able to arrange 75% loan to value on an interest only basis at 2.14% fixed. The client was very happy with the outcome and could finally prepare his daughter for school once they were both settled in their new home.
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