Growing Family Upgrades Home After Existing Lender Policy Fell Short

A growing family approached The Brokerage looking to purchase a larger home to better suit their next stage of life. While their preference was to stay with their existing lender, their target purchase price was not achievable under that lender’s policy.

Rather than compromise on the purchase, we reviewed alternative lender options and reworked the structure. We arranged an equity release from their current property to fund the deposit, then secured full funding with a lender whose servicing approach better aligned with their position.

Outcome

Many borrowers default to staying with their current lender when upgrading their home, often not realising that a different lender policy could make the purchase possible. By exploring the broader market and restructuring the approach, we were able to deliver a solution built for the years ahead.

Key Details

• Purpose: Owner-occupied purchase
• Structure: Equity release plus new purchase facility
• Lender: Refinanced away from existing lender

To find out more about how we can help, contact our team today.