Alan is a company director of a long-established, profitable, family business. He has been employed for 35 years with the same company. He is 58, separated and has one financially dependent child. He lives in his own home, which is mortgaged.

He has had a residential mortgage since the age of 21. He has never missed a payment and has an impeccable credit history.

He wanted to downsize and finally found the perfect property. But when Alan tried to obtain a mortgage with his existing lender he was declined.


To raise a mortgage for the purchase of a property valued at £525,000, with a deposit of £236,000 which was made available from the proceeds of the sale of his current home.

To find a residential mortgage lender that would consider Alan’s application.


Taking into account factors relevant to Alan’s circumstances, such as Alan’s flexible retirement age – he intends to work until age 70, together with the features that were important to him such as, a fixed mortgage for at least 2 year and maximum monthly repayment of £3,500.


We were able to source and recommend an alternative lender that met Alan’s requirements and offered a competitive rate.

Here are the details of the deal:

Loan amount – £289,000

Rate – 2.19% fixed for 5 years

Term – 8 years, capital & interest repayment

Mortgage payment – £3,301.56

We helped to secure Alan’s residential finance. He is very happy in his new home.


My wife and I are now both retired and have relied on Wealthcare for guidance and advice on pensions, our investments and on a wide range of financial issues. We have never been failed and the advice has always been prompt, reliable, professional and, equally as important, explained in non financial jargon thereby making understanding so much simpler.

Mr & Mrs Franks - Individual Clients

Both myself and my business partner Andrew have used Wealthcare for a number of years now and cannot recommend them highly enough. They've arranged plans which protect us in several areas including life insurance, critical injury and key man cover, Stephen also organised for a shareholders' agreement to be put in place for extra peace of mind.

Sizzle Creative Agency Limited

It wasn’t hard to choose Wealthcare from the list of brokers eager to win our business. From the very start, they sought to understand our company’s particular needs and (importantly) how I choose to work. They listen and deliver. Available to discuss any query, they are friendly, easy to communicate with, responsive, and always looking to go the extra mile to meet our expectations. How could I do anything other than heartily recommend this excellent organisation.

Timpson Limited

The Healthcare team have been a pleasure to deal with as they have made the process of sorting out and managing our PMI straightforward and simple. The Claims and Admin staff are very knowledgeable and will always go the extra mile.

Hodgsons Chartered Accountants

Both Michelle and Rachael have been fantastic. Thank you from the bottom of my heart. I will always recommend you and your company, you have been nothing but supportive, professional, diligent and great fun.

David Smith, Smith and Jones Management

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