Are you an older borrower with a complex income structure looking for a large remortgage? We are experts at arranging large loans for high-net-worth clients who earn their income from various sources. We have private and specialist banking contacts to provide tailored solutions to suit your requirements.
To discuss this or any other large mortgage case, please contact us.
Case profile
Our client, an HNW older borrower, was paying a high variable interest rate on his home, which was owned by his UK Limited Company. The client wanted to remortgage to a fixed rate on an interest-only basis to reduce payments and improve cash flow.
Our client’s income structure was complicated, being from an overseas family business in a country deemed high risk and a small buy-to-let property portfolio, hence sparse liquidity. Moreover, our client’s age was a concern – considered an older borrower, which traditional lenders tend to eschew due to concerns over meeting mortgage repayments.
Case solution
We sourced funding from a private bank that was happy to lend to a limited company where the company owner lived in the property, with no assets under management, and using the client’s overseas income. They felt comfortable lending our client a mortgage on a fixed rate interest-only basis for the whole term as the client has many repayment routes in the UK & Overseas. The deal arranged using our long-standing private banking contacts saved our client a whopping £3000 on monthly repayments. Our client is overjoyed with their new mortgage terms and lower monthly repayments.
