Mrs P – Non-Resident

Description : she was 46 and a UK national working in Manchester
Challenge : she was married but wished to buy a flat in Cascais of 265.000€ on her own. She needed a 80℅ Loan to Value. She was also going to receive an inheritance.
Our solution : stretching the term for 29 years to improve her affordability ratio and find a mortgage with an interest fixed at 1℅ for the first four years to give some stability. After the fixed period, with finally cash at hand, Mrs P decided to pay off part of the loan with a reduced redemption penalty.