Our client was a retired business owner in their early seventies who had built substantial wealth following the sale of a UK-based company. Their assets were primarily held in a prime main residence valued at approximately £3.4 million, supported by diversified investment portfolios and liquid reserves. While earned income had reduced following retirement, overall net worth remained strong and largely unencumbered.
Conventional high-street lenders were unable to accommodate the request due to age-related term restrictions and a reliance on pension income assessments that failed to reflect the client’s broader balance sheet. Available mortgage options were constrained by inflexible affordability models and limited term flexibility.
Million Plus Private Finance positioned the case with a specialist later life mortgage lender, presenting the quality of the property, a conservative loan-to-value, and sustainable interest servicing supported by investment income. The overall balance sheet was aligned with lender expectations without distorting long-term planning objectives.
A retirement interest only facility of £825,000 was structured against the main residence, with a repayment profile aligned to longevity planning. The outcome preserved liquidity, avoided unnecessary asset sales, and allowed the client to maintain full ownership of their principal home while keeping capital deployed elsewhere.
