Craig contacted us to raise £250,000 for a divorce settlement. Craig’s property was valued at £1.2m with an existing mortgage of £362,000. We managed to secure a £250,000 loan at a rate of 3.69% over a 20-year period.

The challenge was that Craig had his bonuses paid annually into a separate limited company. We were able to verify this via his Accountant and a letter from his employer.

The case was completed in 4 weeks from enquiry to pay out.

Loan amount:                                 £250,000

Loan term:                                       20 years

Monthly payment:                         £1520

Annual rate:                                    3.69%

1st charge mortgage balance:      £362,000

Property value:                               £1.2m

Loan to value:                                 51%