Capital raising re-mortgage for a right to buy client on a low income
A specialist residential mortgage case study
Our introducing intermediaries client wanted to remortgage a right to buy property and raise capital to repay a family member with additional funds for home improvements. The required borrowing would take the total LTV to 65%.
The introducing intermediary was struggling to place the case with their panel of lenders due to the client’s low income. They also needed a lender who would take child tax credits into consideration for income purposes.
Brightstar were able to place the case with Together Money who agreed to offer the case on a 30 year term to help with affordability.
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