London-based couple require capital to purchase rural property without selling their existing home



The couple wanted to move to the countryside to a property with increased outdoor space and space to create home offices. Both individual’s employers had shifted to a home working model for the long-term since Coronavirus and they were no longer required to regularly commute into Central London. They found a property in rural Oxfordshire which fitted the bill, with outbuildings and a large garden costing £800k, but needed to finance the purchase and their savings were tied up in their London property. The complexities involved in the case were as follows:

  1. The couple required a deposit to purchase their dream rural home and had very little liquid funds.
  2. They needed a way increase the affordability of the two mortgage products, one for their existing home and one for their new home.

Solution & lending facility

With access to every lender on the market and vast experience negotiating property finance of every kind, Private Finance’s expert brokers are equipped to find solutions to mortgage-related problems and help borrowers use their mortgages as a key financial planning tool.

Our expert consultant suggested a let-to buy-mortgage, enabling the couple to remortgage and capital raise on their existing property to fund the deposit of the next, repaying their mortgage with the rental income. They took a further mortgage of 600k on the rural property, which they could afford using their income from employment and contributions from the rental income. This enabled a seamless transition for the couple and meant they could purchase their dream home, finance the debt, and retain their London property as a long-term investment.


© Private Finance Limited, 2021. Private Finance provides independent mortgage advice and arranges individual mortgage solutions for clients. Private Finance is a trading style of Private Finance Ltd, 29 Lincolns Inn Fields, London, WC2A 3EG, registered in England no. 3855776 and its Appointed Representatives. Private Finance Limited is authorised and regulated by the Financial Conduct Authority (FCA registration number 310566).

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