A Remortgage for a client who’s mortgage term was ending and were at risk of having to sell their house.

Our clients had an interest only mortgage, their ages meant that the required mortgage term would exceed the age of 70, they were also self-employed and planned to work beyond normal retirement age.

We needed to find a mortgage to help these clients retain their property. However, this was not a simple journey with various criteria to resolve. Mid application the lender of choice changed their criteria requirements and so we had to start again.
However, we were able to source a lender who was happy to remortgage these clients onto an interest only mortgage for a further 10 years. This enabled our clients to stay in their home until they were ready to retire and downsize.