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ERG Private Finance Ltd - trading as ERG Finance is an Appointed Representative of New Leaf Distribution Ltd which is authorised and regulated by the Financial Conduct Authority: FCA Number 460421. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE. Buy to Let mortgages and Commercial Lending are not usually regulated by the Financial Conduct Authority.

Asset-Slicing for New Purchase, Cheshire


Cheshire, UK - Specialist Mortgages

The Scenario

Our clients were looking to purchase a new property in Cheshire for £2.4 million, ahead of selling their existing home, which was on the market for £1.295 million with no mortgage attached. With £1.2 million in liquid savings available, they wanted to contribute substantial equity toward the new purchase but retain flexibility.


Rather than relying on a bridging loan -which they felt would introduce unnecessary time pressure -they were seeking a mortgage facility for a few years that would allow them to buy with confidence, while avoiding forced sale of their current residence.

 


The Challenge

Due to their age and lifestyle preferences, the clients wanted a low-pressure solution that would allow them to proceed at their own pace. Their portfolio included strong personal assets and significant pension wealth, but their income on paper was not sufficient to support a traditional mortgage of £1.6 million.


Given their circumstances and financial goals, we knew that standard affordability-based underwriting wouldn’t be suitable.


The Solution

We structured a bespoke lending solution for our client using an asset-slicing approach. By referencing their Self-Invested Personal Pension (SIPP), valued at over £3.3 million, we were able to create an assessable income stream that satisfied lender criteria without requiring the clients to encash high-performing investments.


This allowed us to secure:


  • A 5-year interest-only mortgage

  • At a highly competitive rate, well below the yield their portfolio was generating

  • With no need to liquidate assets unnecessarily or disturb their existing mortgage-free property


This strategic use of asset-backed income enabled the clients to proceed smoothly and confidently with their purchase, while retaining full control over when and how they exit their current home.



Conclusion

This case highlights ERG Finance’s expertise in working with clients whose wealth is held in assets rather than income. By asset-slicing to unlock borrowing potential, we delivered a solution that preserved investment performance, avoided unnecessary sales pressure, and provided the financial agility they were looking for.

 

If you’re looking to purchase a property without selling first -and need a mortgage solution that reflects your broader financial picture- we’d be happy to help.

 

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