Featured, Mortgage Guide
Our client, a married couple, owned a five-bedroom detached house in Hampshire which was valued at £4.5m, following significant home improvements and modernisation. They had an outstanding first charge mortgage of £930,000 on the property and achieved high net worth status because they held more than £3m of net assets.
The couple wanted to raise capital for partial repayment of the improvement works, but they did not want to negatively impact their cashflow position.
We secured a second charge loan for £750,000 over a three-year term with a lender that was able to roll up the interest. This meant that there were no regular payments required to service the balance and so the loan did not impact their cashflow. At the end of the term, the repayment method for the loan was sale of other properties the couple held as part of their buy to let portfolio.
Julian is one of the mortgage industry’s true legends, following his passion through thick and thin to run our highly successful Specialist Finance division.Having always had an interest in property and initially part qualifying as an Architect, Julian decided to join the Financial Services industry in 1989, cutting his teeth at John Charcol in the early 1990’s. After opening their Guildford Office, Julian left to spend time assisting High Net Worth individuals with tax efficient investment schemes.In 2000 he jointly founded the boutique Mortgage Brokerage Cobalt Capital. As the managing partner of Cobalt Capital and at the centre of its growth, the company expanded to a peak of 90 staff and developed into one of the leading mortgage brokerages in London.With more than a growing interest in the specialist and commercial sectors of the mortgage market and a determination to obtain finance on the seemingly impossible, Julian decided to follow his passion and invest into Coreco, becoming a Director in 2010.His aim is to drive this business forward to become one of the strongest specialist finance teams in the industry, focusing on large residential loans for development/investment purposes and large property portfolios.Julian is also a proud member of the FIBA Executive Committee.
Read more posts by Julian
DNA
We know that all our clients are unique, and therefore the finance you require needs a different approach. We pride ourselves on providing a client focussed journey built around your needs and goals.
Our team always expresses their professionalism through their authenticity, high level of work ethic, and can-do attitude. We always find the best way for our clients to succeed.
Our progressive and forward-thinking outlook allows us to guarantee an exceptional level of innovative advice and service, ensuring an effortless, client-centric journey in the ever-changing financial world.
Contact
Fill out the details below to start a conversation with one of the team.
Reviews
