Capital Raise On Property In Milton Keynes To Finance Divorce Settlement

The Scenario  

The client, whose main residence and company was under the same title, wanted to pay off his existing mortgage. In addition, the client was going through a divorce at the time and needed further finance for the settlement. 

The client needed to raise £500K to pay off his main residence and company title mortgage and a further £1.2M to satisfy the divorce settlement.   

Our Solution 

We were able to raise the capital our client needed against some of his other existing properties, to enable our client to pay off his residential mortgage. We were then able to negotiate with a private lender to raise an additional £1.2M mortgage with interest only terms.   

Furthermore, we secured the favourable terms on the additional £1.2M until our client’s divorce proceedings concluded; a full 8 months later. 

Our client was able to settle his divorce proceedings and live in his residential property mortgage free.

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