A client approached us looking to re-finance his second home. He was looking for a like for like re-mortgage on a 80% loan to value.

The client has a strong income as an IT Contractor however due to having two mortgages and a number of financial commitments he struggled to meet the affordability calculators of most lenders.

His contract also had only 2 months remaining on a day rate of circa £350.

His wife was also based in the IT field on a full-time basis of circa £25k.

It was important to the applicants to have the second home as they have 2 young children and therefore enjoyed being able to spend school holidays with their family.

We approached a lender who could accommodate the short contract remaining and had a flexible affordability calculation.

We secured the client a very competitive 5 year fixed rate product at 2.19% with a £999 arrangement fee.