Lifestyle improvements – David & Lydia

The clients

David and Lydia were a retired couple in their mid-70s. They were eating into their savings to fund their lifestyle; they wanted to raise capital to afford life’s necessities and occasional luxuries.

They got in touch with us after a recommendation from a friend.


The property

A 3-bedroom detached house valued at £700,000.


The solution

We recommended a lifetime fixed rate mortgage. The maximum loan was not needed, so we tailored the amount to the interest rate to give the couple the most cost-effective loan.


The stats

  • Property Value: £700,000
  • Loan Amount: £200,000
  • LTV: 29%
  • Lender: Legal & General
  • Rate: 3.74%
  • Free valuation and £599 arrangement fee


What David and Lydia said

“We had several enjoyable meetings with Steve, who took a lot of time in explaining Lifetime Mortgages and how it could help us. He also met with our son and was available to take calls on the weekends when we were meeting with our children. We have a beautiful home that we love and don’t want to move from. We are both retired but our pensions don’t seem to cover the modern day-to-day costs and we are eating into our savings regularly. Our children suggested that we look at a Lifetime Mortgage to enjoy life while we can, a change of cars, holidays, whilst also giving us a financial buffer and protecting our savings. Our children are fully supportive and thanks to Steve we can now do all these things with no worries. We have already recommended his services.”