Our client is a UK-based homeowner living in a high-value residential property that had appreciated significantly since purchase. The property was owner-occupied and held as a long-term family home, with a conventional repayment mortgage arranged several years earlier.
As the fixed-rate period approached expiry, the client wished to remortgage to secure improved terms and reduce monthly repayments. The existing lender’s follow-on rate was materially higher than available remortgage options, and the client wanted clarity on the most appropriate route without overcomplicating the process.
Million Plus Private Finance reviewed the existing mortgage, current property value, and income profile. The case was positioned to a suitable mainstream mortgage lender offering competitive remortgage rates, with affordability assessed under standard criteria and straightforward income profile.
The outcome was a £1.2 million residential remortgage onto a new fixed-rate product, resulting in lower monthly repayments and improved payment certainty. The client retained full ownership of the property and benefited from a cost-effective remortgage aligned with their immediate financial objectives.
