JEFS Case Study
We recently had the privilege of assisting a UK-based client in remortgaging their holiday home in Portugal. This process that can be challenging due to cross-border lending complexities and unique income profiles.
The Challenge
Our client, a UK resident with a complex income structure, sought to remortgage their Portuguese property. They required a loan of €500,000 against a property valued at €5 million, resulting in a low loan-to-value of just 10%. The client’s preference was for a 25-year, interest-only term. However, securing finance for overseas properties, particularly for UK residents, can be difficult due to differing lender criteria and regulatory requirements.
Understanding the client’s needs, our broker leveraged an extensive network of lenders, including private banks and international institutions, to identify the most suitable options. We negotiated on the client’s behalf to ensure the best possible terms.
After reviewing multiple offers, we secured a highly competitive deal:
- 5-year fixed rate at just 3.2%
- No arrangement fees
- No requirement to move assets under management
This case highlights the value of an experienced broker, particularly for clients with complex finances or unique property needs. If you’re considering property purchase or remortgage, our team is here to help.
