Final home purchase – Joseph

The client

Joseph was a retired widower in his mid-70s. He had no beneficiaries.

He wanted to purchase a home in Bath to spend the rest of his life in, upgrading from a maisonette, so got in touch via online enquiry.


The property

A 4-bedroom Georgian townhouse valued at £1,200,000.


The solution

We recommended a lifetime fixed rate mortgage. We suggested the maximum loan at a reasonable rate. The interest rate wasn’t a consideration.


The stats

  • Property Value: £1,200,000
  • Loan Amount: £564,000
  • LTV: 47%
  • Lender: Retirement Advantage
  • Rate: 6.67%
  • Free valuation and arrangement fee.

What Joseph said

“Steve has worked with me over a 12-month period while I find a new home, and nothing is too much trouble. I am retired having moved to Bath from London a few years ago. I have a very nice apartment in the city but want to upgrade to a house. I have no beneficiaries and need to raise some capital to enable me to buy my new home. I am quite particular, and the Bath housing market is very difficult; as soon as you find something you like it has already gone. I have now found a home and Steve has all the ‘ducks lined up’ to enable me to purchase it. We have had a few false starts and every time Steve has revisited the market to find me the best Lifetime Mortgage deal. I couldn’t wish for a more patient and personal service.”