JEA Case Study
Client Profile
The Challenge
The couple’s goal was to secure their new home swiftly while still awaiting the sale of their existing property. Traditional lending routes were not viable due to their age and the need for a repayment strategy that worked with their retirement income. They required a mortgage product that could be serviced using income from pensions and investments, rather than employment income.
Our Solution
After thorough research and discussions with lenders, our broker secured a Lifetime Interest-Only Mortgage at 75% LTV. This product featured a 2-year fixed rate at 6.53%, with the added benefit of an open-ended term, meaning the mortgage is not constrained by a typical end date. Most importantly, it allowed the clients to move into their new home without needing to rush the sale of their previous property.
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