Gerry and Elizabeth wanted to invest in a Spanish property, which they could retire to one day. They had already paid off their mortgage here and had some money saved but after a visit to Spain realised they would need to borrow additional finance to get the sort of property they both liked. Although they had plenty of equity in their home they didn't want to sell just yet in case they decided foreign living wasn't for them after all. They came to us seeking a mortgage, which they could pay off at anytime should they decide to sell-up and move to Spain permanently and one with minimal payments. We arranged an interest only mortgage for them with no redemption penalties at all, allowing them to clear the balance whenever they decided to sell-up and retire to the sun.