This client, an A-List Celebrity, was purchasing a property in Central London valued at circa. £7,000,000. Due to the majority of their assets being held offshore, the borrower required a mortgage with a high loan-to-value (LTV) ratio, which presented challenges with traditional lenders.
Adding to the complexity, the borrower's income and wealth were primarily denominated in a foreign currency, which is often not preferred by many UK lenders requiring income in GBP. Additional understanding of the clients’ circumstances was required when evaluating affordability criteria for the borrowing amount, necessitating a lender that could assess the borrower’s global financial position.
A private banking solution was identified, offering a tailored mortgage that considered the borrower’s broader asset base, including the ability to access additional assets needed to support payments.
The mortgage was structured as a combination of repayment types to meet the clients’ requirements. This structure aimed to balance manageable payments while reducing the loan-to-value ratio over time.
The agreed financing featured a competitive rate for the initial term, offering the borrower stability in payments and the flexibility to optimise their global financial position.
Information contained in our case studies is for market and illustrative purposes only. In some cases, these may be made up of multiple cases and are for illustrative purposes only.
Some case studies are made up of enquiries that have come into the business, not all business completes, and the posting of a case study does not represent a completed piece of business.
