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Second Charge Mortgage [VERY Quick Case Study]

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Enterprise Finance

The Problem

  • A couple had property valued £260,000 mortgage, with £50,000 with C&G
  • The husband was 58 years old with an income of £12,800 & £4000 private pension
  • The wife was 54 years old and had an income £17,000 & £1,100 private pension
  • They had £100,000 of unsecured debt which cost them £2,508 PM
  • A remortgage was not possible because of clients’ age, pension income
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