Hollywood actors looking for a change in mortgage set-up

Our clients are both self-employed actors. Their children attended private schools. Due to the high school fees, the clients had set up their mortgage on an interest-only basis with their private bank, with the intention of paying the capital off at some point in the future.

After I completed a full fact find with them and reviewed their circumstances, I obtained a mortgage product over 2% lower than their private bank could offer. Following a further consultation with them, I advised that the mortgage be set up on the basis that some of their principal capital would be repaid too. A year later, the clients have benefited from savings over the year and are now able to make a further capital payment to reduce their outstanding mortgage balance.

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James Kurian – Senior Financial Consultant