CASE STUDY
Married couple wanted to build an extension on their home to accommodate their growing family
OBJECTIVE
The client wanted to secure mortgage finance to build the extension they required for their growing family
SOLUTIONS
The family preferred the extension option rather than moving home because their home was in the catchment area for their school and they liked living there.
They were shown mortgage options by our mortgage partner Liddle Perrett to extend the mortgage to build their extension.
The extension added value to the property of at least the value of the additional borrowing.
ADDING VALUE
The clients were shown options to extend their borrowing to invest in three buy-to-let properties.
The additional income from these investments was sufficient to cover the cost of all of the additional borrowing on a repayment basis, so the whole exercise was self-financing.
BENEFITS
- The investment properties generate rental income to pay for all of the additional borrowing
- The investment properties will grow in value and form a reliable pension pot
- The family remain in the home they love in the school catchment area that they watn without the cost and aggravation of moving home
AT A GLANCE
Challenges
- Growing family
- Cost of additional borrowing
- Location
Benefits
- Remain in home
- Self-funding
- Enhanced pension pot
Achieving your financial freedom through property investment is our ambition. We'll support and guide you so that you have peace of mind that your property investments meet the financial needs of you and your family
