Large Managed Currency Mortgage

THE SCENARIO

Our client was an experienced analyst and trader. He came across our managed currency facility and was keen to attach the product to his new mortgage.

However, the maximum loan to value is usually 75% minus 10% as a headroom balance to protect against currency swings. His LTV was falling short of this criterion for the large managed currency mortgage.

OUR SOLUTION

On further investigation we found that the client had equity in background properties which could be used.

We succeeded in creating a mortgage on this basis, and by his agreeing to place a small amount on deposit until the valuation had sufficiently increased.

The loan was pegged at 2% over base for 2 years.

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